Selective Insurance is a midsized U.S. domestic property and casualty insurance company with a history of strong financial performance. The Assistant Cash Specialist will handle cash application, exception processing, and various treasury duties while ensuring compliance with department guidelines and legal requirements.
Responsibilities
- Requires an understanding of Company operations including Billing, Reinsurance, Travel and Expense, Unclaimed Property, Banking services and corresponding payment system and underwriting source systems, reinsurance system, Travel and Expense systems, Unclaimed Property system, banking systems
- Assist lower staff grade levels when necessary, including training initiatives
- Apply cash receivables, returns, adjustments for Billing and Reinsurance, working items timely and with accuracy
- Perform various Treasury duties such as unclaimed property administration, travel & entertainment expense administration, bank positive pay reconciliations, cash deposits, remote deposit, cash reconciliations and other reconciliations/validations and analysis
- Ability to create, manage, manipulate and format Excel workbooks. Ability to gather data and provide completed analysis to Leads or Management
- Ability to independently; make decisions, perform reconciliations between source and other systems (including external systems)
- Foster positive relationships and be able to effectively communicate payment and reconciliation issues to appropriate internal departments, Agents, and Policyholders. Collaborate with internal business partners, Agents, and Policyholders to resolve processing problems or errors
- Complete other Treasury Cash Management processes and projects assigned
- Continuously assess internal systems/processes and recommend changes that would allow greater efficiency
- Participate in insurance education and skill development programs, as needed
Skills
- Strong adherence to detail and accuracy
- Strong customer service skills and results oriented
- Strong communication (verbal and written) and negotiation skills
- Ability to work independently and solve problems
- Ability to handle a high volume of work
- Proficient in Excel, Word, and Outlook
- High school diploma or equivalent required
- 1-3 years record or bookkeeping
- 1-3 years customer service or related experience
- 1-3 years billing and/or collection experience
- Experience with insurance products and/or premium development recommended
Benefits
- Competitive base salary
- Incentive plan eligibility at all levels
- Comprehensive health care plans
- Retirement savings plan with company match
- Discounted Employee Stock Purchase Program
- Tuition assistance and reimbursement programs
- 20 days of paid time off
Company Overview
At Selective, we maintain a commitment to provide unique insurance solutions that help keep the families and businesses of our communities protected. It was founded in 1926, and is headquartered in Branchville, New Jersey, USA, with a workforce of 1001-5000 employees. Its website is https://www.selective.com/.