Financial Account Reconciliation Specialist

About the role

Reconciles suspense and ledger file accounts between CBS and Finance.

Responsibilities

• Prepares monthly invoices and reporting for Carrier Fees.
• Leads complex account reconciliations and perform high-level analysis of financial transactions to ensure accuracy.
• Prepares and organizes detailed audit documentation and schedules.
• Oversees the execution of Internal Controls over Financial Reporting (ICFR), including control testing, documentation, and remediation efforts.
• Supports month-end close processes, ensuring timely journal voucher entries and reconciliation accuracy.
• Enters journal vouchers accurately into the accounting system, ensuring proper documentation, coding, and authorization.
• Conducts research and resolution of premium billing discrepancies, misapplied payments, and unreconciled items across systems.
• Manages ACH and suspense account reconciliations, ensuring prompt identification and resolution of variances and missing transactions.
• Partners with Finance and operational teams to address complex billing issues, clarify accounting treatment, and ensure financial alignment.
• Assists with development of recurring reports and dashboards to highlight reconciliation metrics, risk exposures, and process bottlenecks. Delivers monthly reports to management.
• Drives continuous improvement initiatives to optimize billing, reconciliation, and reporting processes through automation, standardization, and system enhancements.
• Reconciles premiums transferred between systems and assists in the creation and improvement of reconciliation processes.
• Workflow: Researches, prepares, and completes internal department lockbox transfers.
• Researches forgiven premium requests to ensure accurate processing and communicating next steps.
• Other duties as needed/assigned.

Requirements

• High school diploma or GED.
• 2+ years’ experience in financial reconciliation, journal vouchers, and billing operations in a corporate environment.
• Proven experience with billing processes and accounts receivable management.
• Proficiency in account reconciliation and discrepancy resolution.

Qualifications

• Preferred: Bachelor Degree in Finance or Accounting.
• Preferred: 2+ years billing payroll deduction experience.

Skills

• Advanced Microsoft Excel skills, including formulas, pivot tables, and VLOOKUP.
• Excellent business communication skills (verbal and written).
• Strong attention to detail and accuracy.
• Excellent problem-solving and cross-functional collaboration skills.

Benefits

We offer a comprehensive benefits package that includes health/dental/vision, life insurance, FSA and HSA, 401(k) plan, Employee Assistance Program, Back-up Care for Children, Adults and Elders, and many health and wellness initiatives. We also offer a Wellness program that enables employees to participate in health initiatives to reduce their insurance premiums.

Pay

The compensation range for this role is (based on the corporate location in Lake Forest, Illinois): $24.99 - $36.11 per hour. The final salary offer will be determined based on factors such as location, qualifications, experience, skill set, and other relevant factors. This position may also be eligible for bonus. We understand that compensation is an important factor when considering a new opportunity, and we strive to provide a competitive salary within the market.