Remittance Processing Clerk (Peoria, IL)

RLI Insurance Company•Peoria, IL

1d•$18 - $24

About The Position

We’re not like other insurance companies. From our specialty products to our business model, our culture to our results — we’re different. Different is who we are, and how we work, interact, deliver and succeed together. Creating a different and better insurance experience doesn’t just happen. It takes focus and a shared passion for going beyond the expected to forge relationships and deliver care that makes a difference. This approach rises from and is supported by our talented, ethical and smart team of employee owners united around a single purpose: to work alongside our customers and partners when they need us, in unexpected ways, with exceptional results. Apply today to make a difference with us. RLI is a Glassdoor Best Places to Work company with a strong, successful background. For decades, our financial track record has been stellar — a testament to our culture and validation of our reputation as an excellent underwriting company. Position Purpose Under frequent supervision, the Remittance Processing Clerk is responsible for processing the daily lockboxes and accurately posting electronic and manual remittances for all payers using the company’s database software. Ensures all remittance work is completed timely and department deadlines are met. Reports all remittance system issues to the Remittance Processing Lead or Supervisor, Remittance Processing.

Requirements

Typically requires a high school diploma
0+ years of related experience [OR] equivalent level of education and experience
Understands basic principles of Accounts Receivable and accounting transactions
Energetic and easily adaptable to change
Self-motivated with a high attention to detail and good analytical skills
Intermediate mathematical skills with the ability to perform computations accurately and ability to identify errors in calculations and balances
Proficiency in Microsoft Excel and Outlook
Excellent keyboarding skills
Ability to multi-task
Ability to communicate effectively and professionally
Ability to work in a fast paced small team environment
Ability to analyze routine remittance processing issues and provide workable solutions
Ability to use software applications to ensure accurate posting of receipts to accounts

Responsibilities

Post payments to subsidiary ledgers using the company’s database software. Payment posting tasks can include some or all of the following: a. Data entry of incoming payment information b. Extracting and manipulating data for input into different systems c. Analyzing account information d. Creation and manipulation of spreadsheets
Ensure all monetary amounts are accurately calculated and posted by checking others’ calculations and making corrections and adjustments when necessary.
Decipher information from remittance documentation and apply any exceptions to the appropriate account.
Communicate with internal and external contacts regarding deposit and/or remittance information.
Assist in other duties or projects as needed.

Benefits

Annual bonus plans
Employee stock ownership plan (ESOP)
401(k) — automatic 3% company contribution
Annual 401k and ESOP profit-sharing contributions (Up to 15% of eligible earnings)
Paid time off (PTO) and holidays
Paid volunteer time off (VTO) to support our communities
Parental and family care leave
Flexible & hybrid work arrangements
Fitness center discounts and free virtual fitness platform
Employee assistance program
Comprehensive medical, dental and vision benefits
Flexible spending and health savings accounts
2x base salary for group life and AD&D insurance
Voluntary life, critical illness, & accident insurance for purchase
Short-term and long-term disability benefits
Training & certification opportunities
Tuition reimbursement
Education bonuses