IAT Insurance Group has an immediate opening for an Associate Financial Analyst-Cash Management working from our Raleigh location. This role is responsible for supporting the Company’s day-to-day cash management activities, including cash flow forecasting, claim funding, bank reconciliations, incoming cash application, cash transfers, settlements, bank notifications, and unclaimed property processes. The role analyzes cash and claim payment activity, records transactions in Workday, certifies related accounts, investigates discrepancies, and helps ensure cash transactions are timely, accurate, appropriately supported, and consistent with accounting principles, internal procedures, and control requirements.
This role works a hybrid schedule that requires working from the office Monday through Wednesday, with the option of working Thursday and Friday remotely.
Responsibilities:
· Perform daily claim funding analysis. Validate external payment processors transactions to internal claim financial system data.
· Record claim payments in Workday daily.
· Review cash requirements weekly to facilitate funding claim bank account.
· Prepare monthly journal entries related to claim payment processes.
· Perform daily and monthly reconciliations for claim payment clearing and recovery suspense ledger accounts; research unreconciled items and recommend corrections.
· Monitor incoming cash transactions to ensure all deposits are applied in Workday; research unapplied or unidentified receipts and coordinate resolution with appropriate business partners.
· Prepare bank reconciliations and research variances.
· Provide back up support for cash management processes, including settlements, bank notifications, cash transfers, stop payments, voids, stale-dated payments, and other banking activities.
· Provide back up support for weekly cash flow analysis.
· Assist with unclaimed property and escheatment research. Coordinate required follow-up with Claims Support and other departments.
· Assist with other cash management and financial projects assigned.
Qualifications:
Must-Have:
- Bachelor’s degree in Accounting, Finance, or related area preferred. If not obtained, 4 years related experience
- 1-3 years relevant treasury experience preferred
- Knowledge of basic accounting principles, systems, processes
- Strong Excel skills
- To qualify, applicants must be authorized to work in the United States and must not require VISA sponsorship, now or in the future, for employment purposes.
All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran. We maintain a drug-free workplace and participate in E-Verify.
Our Culture
IAT Insurance Group is the largest private, family-owned property and casualty insurer in the U.S. Insurance Answers Together® is how we define IAT, in letter and in spirit. We work together to provide solutions for people and businesses. We collaborate internally and with our partners to provide the best possible insurance and surety options for our customers.
At IAT, we’re committed to driving and building an open and supportive culture for all. Our employees propel IAT forward – driving innovation, stable partnerships and growth. That’s why we continue to build an engaging workplace culture to attract and retain the best talent.
We offer comprehensive benefits like:
· 26 PTO Days (Entry Level) + 12 Company Holidays = 38 Paid Days Off
· 7% 401(k) Company Match and additional Profit Sharing
· Hybrid work environment
· Numerous training and development opportunities to assist you in furthering your career
· Healthcare and Wellness Programs
· Opportunity to earn performance-based bonuses
· College Loan Assistance Support Plan
· Educational Assistance Program
· Mentorship Program
· Dress for Your Day Policy
To view details of our full benefits, please visit https://www.iatinsurancegroup.com/careers/benefits
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Skills Required
- Bachelor's degree in Accounting, Finance, or a related field, or four years of related experience
- 1-3 years of relevant treasury experience
- Knowledge of basic accounting principles, systems, and processes
- Strong Microsoft Excel skills
- Authorization to work in the United States without current or future visa sponsorship
What We Do
IAT Insurance Group (IAT) is a specialty insurance company headquartered in Raleigh, North Carolina, providing a wide range of property and casualty insurance products and surety bonds to meet the needs of individuals and businesses. IAT consists of eight operating divisions, each sharing the same quality standards, commitment to service and innovation, and an overall mission of excellence. As an organization, we leverage our experienced leadership, sound analytics, proven operating platforms and extensive risk capabilities across the entire enterprise to deliver specialized, sustainable solutions for our customers. With 30+ office locations, IAT has a large footprint throughout the United States. As a privately owned organization, consisting of more than 900 employees, we are able to act strategically within an ever-changing marketplace. We are large enough to make a difference in the industry but small enough to be agile and nimble. Our focus includes meeting customer needs and fostering an exceptional agent and broker network to serve clients. We strive to provide an environment where our employees feel empowered, challenged and valued. Not only does IAT Insurance provide a dynamic workplace, we also provide competitive total compensation packages and great benefits, including but not limited to medical, dental, and vision insurance, a generous time off policy, company provided life and disability insurance, a lucrative 401k company match and incentive plans.
