Cash Application Specialist

Overview:
NSM Insurance Group is a global specialty insurance provider with more than $1.6 billion in premium across 25+ specialty insurance programs and brands around the world. Named a Philadelphia Inquirer Top Workplace based on employee feedback, the company has been exclusively focused on building successful insurance programs since 1990 and continually seeks new opportunities to grow and expand through strategic mergers and acquisitions.

Relationships are paramount at NSM because we know that's what drives mutual, long-term success. We maintain an entrepreneurial spirit and startup mindset within an established organization that continues to redefine what specialty insurance means and how it impacts everyday lives. Employees are given endless opportunities to expand their interests and skillsets, push breakthrough ideas and take risks. Our open, supportive environment gives employees the confidence to take ownership of their work as if the business was their own.

At NSM, we Build Success every day for our people, carrier partners, agents and insureds - because we know our success is built on yours.

The Cash Application Specialist is responsible for the timely and accurate application of cash receipts. In this position, the Cash Application Specialist is expected to become proficient in utilizing NSM's policy administration systems to accurately apply cash received to open receivables, investigate discrepancies, communicate with internal and external parties to resolve open items, and perform invoicing functions.

(This is a hybrid position, 3 days onsite in the Conshohocken, PA Home Office.)

Responsibilities:
Accurately apply check and ACH payments to open receivable balances in policy administration systems.

Create daily receipts and deposits for cash received.

Timely resolution of identified issues and discrepancies between cash received and amounts due.

Communicate with internal and external parties to address questions and resolve issues.

Maintain documentation of cash application process for SOX purposes.

Prepare journal entries in accordance with GAAP.

Review bi-weekly AR Aging report and provide notes on aged items for assigned NSM programs.

Enter direct debit ACH payments for authorized customers on banking platform.

Research reconciling cash items.

Assist with testing for system upgrades and implementation.

Qualifications:
Bachelor's degree in accounting or relevant accounting-related experience, preferred.

At least 2 years accounting experience.

Proficiency in Excel, Word and Outlook.

Strong attention to detail, accuracy and accountability.

Strong communication skills both verbal and written.

Excellent ability to analyze data and circumstances.

Ability to perform multiple tasks simultaneously, work effectively in a team environment and meet deadlines.