Remote Accounting Specialist: Premium & AP

Illinois Mutual Life Insurance Company; Peoria (IL); Hybrid; USD 48,000 - 53,000; Full time

Benefits offered by this job

Compressed 4 1/2-day work week

No monthly premium for employee health

401(k) with immediate vesting

On-site cafeteria

On-site exercise facility

Tuition reimbursement

Dental and vision insurance

Job summary

Illinois Mutual is seeking an Accounting Specialist in its Financial Services team. The role focuses on cash/premium management, accounts payable, bank file processing, and document handling from a home-office location.

You will ensure accurate processing of transactions and maintain confidentiality. Qualifications include an Associate’s Degree in Accounting and proficiency with MS Word/Excel/Outlook; insurance experience is a plus.

Qualifications

• Associate’s Degree in Accounting or a related field (minimum requirement).
• Basic bookkeeping or accounting knowledge; insurance industry experience is a plus.
• Proficiency in MS Word, MS Excel, MS Outlook, and online systems.
• Strong verbal and written communication, time management, and organizational skills.
• Ability to learn systems such as cash/banking platforms, policy systems, accounting system, and imaging/document management tools.
• Professional demeanor with the ability to maintain confidentiality.
• Flexible, adaptable, and capable of working independently or collaboratively.
• Strong initiative, judgment, and problem-solving skills.
• Ability to work effectively under pressure and meet deadlines.

Responsibilities

• Cash and Premium Management: Balance and reconcile daily cash and premium transactions, including disbursements, claim activity, and underwriting suspense.
• Analyze and handle premium debit errors, returned transactions, and manual ACH requests.
• Process premium batches, exceptions, and lockbox correspondence.
• Accounts Payable: Maintain the AP system by setting up vendors and processing invoices for approval and payment.
• Manage check printing, mailing, and handling stale-date letters.
• Bank File and Transaction Processing: Process various ACH transactions, including claims, annuities, and commissions (including ACAP) per assigned frequency and/or designated cadence.
• Handle stale-date check files.
• Document Management: Index and distribute incoming mail, faxes, and electronic documents using the document management system.
• Research incoming payments and scan to appropriate batch and lockbox at bank.
• Communication and Department Support: Maintain daily contact with internal and external customers via email, phone, and written communication.
• Collaborate with team members, contribute in departmental meetings, and elevate systems problems and control issues.
• Identify and suggest process improvements to management.
• Complete other related department duties as assigned.

Skills

Verbal communication

Written communication

Time management

Organizational skills

Independent/collaborative

Education

Associate’s Degree in Accounting

Tools

MS Word

MS Excel

MS Outlook

Online systems

Job description

Illinois Mutual is seeking an Accounting Specialist in its Financial Services team. The role focuses on cash/premium management, accounts payable, bank file processing, and document handling from a home-office location.

You will ensure accurate processing of transactions and maintain confidentiality. Qualifications include an Associate’s Degree in Accounting and proficiency with MS Word/Excel/Outlook; insurance experience is a plus.