Associate Finance Analyst-Cash Management

LE0019 IAT Insurance Group, Inc; Raleigh (NC); Hybrid; USD 60,000 - 80,000; Full time

Benefits offered by this job

26 PTO Days

7% 401(k) Company Match

Hybrid work environment

Training and development opportunities

Healthcare and wellness programs

Performance-based bonuses

College loan assistance

Educational assistance program

Mentorship program

Dress for your day policy

Job summary

IAT Insurance Group seeks an Associate Financial Analyst-Cash Management in Raleigh to support day-to-day cash management activities, including cash flow forecasting, funding, and bank reconciliations. The role records transactions in Workday, investigates discrepancies, and ensures timely, accurate cash activity aligned with accounting principles and internal controls.

The position operates on a hybrid schedule: in-office Monday to Wednesday with optional remote Thursday and Friday.

Qualifications

• Bachelor’s degree in Accounting, Finance, or related area preferred. If not obtained, 4 years related experience; 1–3 years relevant professional experience preferred.
• Knowledge of basic accounting principles, systems, processes.
• Strong Excel skills.

Responsibilities

• Perform daily claim funding analysis.
• Validate external payment processor transactions against internal data.
• Record claim payments in Workday daily.
• Review cash requirements weekly to facilitate funding.
• Prepare monthly journal entries related to claim payments.
• Perform daily/monthly reconciliations for claim payment clearing and recovery suspense ledger accounts; research unreconciled items and recommend corrections.
• Monitor incoming cash transactions and ensure deposits are applied in Workday; resolve unapplied receipts with business partners.
• Prepare bank reconciliations and research variances.
• Provide back up support for cash management processes (settlements, bank notifications, transfers, stop payments, voids, stale-dated payments).
• Support weekly cash flow analysis and unclaimed property/escheatment research.

Skills

Excel skills

Basic accounting principles

Finance knowledge

Education

Bachelor's degree in Accounting/Finance

Tools

Workday

Job description

IAT Insurance Group has an immediate opening for an Associate Financial Analyst-Cash Management working from our Raleigh location. This role is responsible for supporting the Company’s day-to-day cash management activities, including cash flow forecasting, claim funding, bank reconciliations, incoming cash application, cash transfers, settlements, bank notifications, and unclaimed property processes. The role analyzes cash and claim payment activity, records transactions in Workday, certifies related accounts, investigates discrepancies, and helps ensure cash transactions are timely, accurate, appropriately supported, and consistent with accounting principles, internal procedures, and control requirements. This role works a hybrid schedule that requires working from the office Monday through Wednesday, with the option of working Thursday and Friday remotely.

Responsibilities:

• Perform daily claim funding analysis.
• Validate external payment processors transactions to internal claim financial system data.
• Record claim payments in Workday daily.
• Review cash requirements weekly to facilitate funding claim bank account.
• Prepare monthly journal entries related to claim payment processes.
• Perform daily and monthly reconciliations for claim payment clearing and recovery suspense ledger accounts; research unreconciled items and recommend corrections.
• Monitor incoming cash transactions to ensure all deposits are applied in Workday; research unapplied or unidentified receipts and coordinate resolution with appropriate business partners.
• Prepare bank reconciliations and research variances.
• Provide back up support for cash management processes, including settlements, bank notifications, cash transfers, stop payments, voids, stale-dated payments, and other banking activities.
• Provide back up support for weekly cash flow analysis.
• Assist with unclaimed property and escheatment research. Coordinate required follow-up with Claims Support and other departments.
• Assist with other cash management and financial projects assigned.

Qualifications:

• Must-Have: Bachelor’s degree in Accounting, Finance, or related area preferred. If not obtained, 4 years related experience 1-3 years relevant professional experience preferred Knowledge of basic accounting principles, systems, processes Strong Excel skills
• To qualify, applicants must be authorized to work in the United States and must not require VISA sponsorship, now or in the future, for employment purposes.
• All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran. We maintain a drug-free workplace and participate in E-Verify.

Our Culture

IAT Insurance Group is the largest private, family-owned property and casualty insurer in the U.S. Insurance Answers Together is how we define IAT, in letter and in spirit. We work together to provide solutions for people and businesses. We collaborate internally and with our partners to provide the best possible insurance and surety options for our customers. At IAT, we’re committed to driving and building an open and supportive culture for all. Our employees propel IAT forward – driving innovation, stable partnerships and growth. That’s why we continue to build an engaging workplace culture to attract and retain the best talent.

We offer comprehensive benefits like:

• 26 PTO Days (Entry Level) + 12 Company Holidays = 38 Paid Days Off
• 7% 401(k) Company Match and additional Profit Sharing
• Hybrid work environment
• Numerous training and development opportunities to assist you in furthering your career
• Healthcare and Wellness Programs
• Opportunity to earn performance-based bonuses
• College Loan Assistance Support Plan
• Educational Assistance Program
• Mentorship Program
• Dress for Your Day Policy

To view details of our full benefits, please visit https://www.iatinsurancegroup.com/careers/benefits #LI-hybrid #LI-KH1

IAT is the largest private, family-owned property and casualty insurer in the U.S. Insurance Answers Together is how we define IAT, in letter and in spirit. We work together to provide solutions for people and businesses. We collaborate internally and with our partners to provide the best possible insurance and surety options for our customers.