Cash Application Associate

    • Chilliwack, Canada

About HUB International Limited
HUB International Limited ("HUB") is the 5th largest global insurance and employee benefits broker, providing a broad array of property, casualty, risk management, life and health, employee benefits, investment and wealth management products and services. With over 10,000 employees in 450 offices throughout North America, HUB has grown substantially, in part due to our industry leading success in mergers and acquisitions.
About the Position
The Cash Application Associate position reports to the Cash Application Supervisor and is primarily responsible for posting of cash receipts for multiple bank accounts on a daily basis.
Essential Duties and Responsibilities:

  • Retrieve deposit information from lockbox or remote deposit capture
  • Retrieve electronic deposit information from Online Bank Account Daily Activity reports
  • Posting of all cash receipts for multiple bank accounts in Broker Management system on a daily basis
  • Reconcile cash accounts daily to make sure that all items are accounted for
  • Process small balance write offs in Broker Management System
  • Process non-sufficient checks in Broker Management System
  • Follow up with Client Service team for any exception payments and post accordingly
  • Partner with accounting and client service team to quickly bring issues to their attention, working to understand the root cause and offering potential solutions
  • Research and resolve unapplied cash in suspense and cash on account at client level
  • Escalate unresolved items to supervisor per pre-determined aging timeline
  • May assist in other special projects as required
  • Perform other duties as assigned by supervisor
Required Experience:
  • High school diploma or GED; some college courses preferred
  • At least 2 years of experience in the accounting field
  • Experience in a shared services accounting environment is a plus
  • Insurance brokerage experience preferred
  • Excellent written and verbal communication skills
  • Basic Excel skills at a minimum, with intermediate level skills preferred (v-lookups, pivot tables, etc...)
  • Strong analytical and problem solving skills
  • Ability to work under pressure to meet deadlines
  • High degree of accuracy with a good eye for detail
  • Self-motivated and proactive
  • Demonstrated ability to take initiative and achieve results in a fast-paced and changing environment
Department Accounting & Finance
Required Experience: 1-2 years of relevant experience
Required Travel: Negligible
Required Education: High school or equivalent

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