Consultant - Cash Cycle Specialist

Cash Cycle Specialist

Job Summary:

Aon Business Services is seeking a dedicated Cash Cycle Specialist to enhance the financial operations within our Commercial Risk division. This role is crucial for ensuring accuracy in cash application, collections, and Accounts Receivable management, directly impacting our efficiency and financial integrity.

Key Responsibilities:

• Handle the end-to-end cash application process and accurately post payments to maintain precise records.
• Manage collections proactively and follow up on outstanding payments to ensure timely cash flow.
• Process carrier disbursements accurately according to established requirements and regulatory guidelines.
• Perform comprehensive daily, weekly, and monthly bank reconciliations to ensure alignment with financial statements.
• Investigate and resolve payment or accounting discrepancies efficiently to uphold financial accuracy.
• Maintain up-to-date Accounts Receivable data and as necessary, conduct audits of transactions.
• Prepare and present AR reports for management review, supporting informed decision-making.
• Collaborate with internal teams, business leaders, clients, and external partners to resolve AR issues effectively.
• Ensure all processes comply with internal controls, company policies, and regulatory requirements.
• Identify and implement opportunities for process improvement and enhancement of data quality.

Requirements:

• 3+ years of experience in Accounts Receivable or related accounting/finance roles.
• Strong experience in cash application, collections, bank reconciliation, and Accounts Receivable management.
• Good understanding of U.S. GAAP and knowledge of SOX / financial controls.
• Proven ability to analyze and resolve complex AR issues applying critical thinking skills.
• Good knowledge of Microsoft Excel and familiarity with AR systems.
• Strong communication and interpersonal skills to work efficiently with various stakeholders.
• Detail-oriented with a strong focus on data accuracy and integrity.

Preferred Qualifications:

• Experience in the commercial risk insurance industry.
• Familiarity with carrier disbursements and insurance accounting processes.
• Knowledge of SAP, Oracle, or similar ERP/financial systems.
• Experience in process improvement and initiatives aimed at enhancing data quality.

Benefits:

• Competitive salary and performance-based bonuses.
• Comprehensive health and wellness benefits for employees and their families.
• Flexible working hours and the possibility of remote work.
• Opportunities for professional development and career advancement.
• Employee assistance programs and wellness initiatives.
• Generous paid time off and holidays.
• Dynamic and inclusive workplace culture promoting work-life balance.