Senior Cash Application Specialist

Gallagher Bassett; Rolling Meadows (IL); On-site; USD 60,000 - 90,000; Full time

Benefits offered by this job

Medical/dental/vision plans

Life and accident insurance

401(K) and Roth options

Tax-advantaged accounts (HSA, FSA)

Educational expense reimbursement

Paid parental leave

Flexible work hours

Training programs

Charitable matching gift program

Charitable matches

Job summary

A leading insurance and risk management firm is seeking a detail-driven Senior Cash Application Specialist to join their team in Rolling Meadows, Illinois. The role requires proficiency in processing payments, resolving discrepancies and overseeing team activities. Ideal candidates will possess strong analytical and organizational skills, with a Bachelor's degree and at least 4 years of experience in a related field. This position offers a competitive salary and extensive benefits in a collaborative work environment.

Qualifications

• At least 4 years of related experience required.
• Strong analytical skills and proactive problem-solving needed.
• Exceptional organizational skills and attention to detail essential.

Responsibilities

• Accurately process incoming payments to client accounts.
• Investigate and resolve payment discrepancies.
• Maintain organized records of cash application activities.
• Manage the GCOE Cash Application Team's activities.
• Oversee and manage the GCOE Cash Application Team, improving processes.
• Collaborate with collections and accounts receivable to streamline operations.
• Prepare daily, weekly, and monthly cash application reports.
• Assist with audits by providing documentation and insights.

Skills

Attention to detail

Analytical skills

Problem-solving

Team collaboration

Education

Bachelor's degree

Bachelor’s degree in Accounting or Finance

Tools

Microsoft Excel

Financial management software

Job description

Introduction

At Gallagher Bassett, we’re there when it matters most because helping people through challenging moments is more than just our job, it’s our purpose. Every day, we help clients navigate complexity, support recovery, and deliver outcomes that make a real difference in people’s lives. It takes empathy, precision, and a strong sense of partnership—and that’s exactly what you’ll find here. We’re a team of fast-paced fixers, empathetic experts, and outcomes drivers — people who care deeply about doing the right thing and doing it well. Whether you’re managing claims, supporting clients, or improving processes, you’ll play a vital role in helping businesses and individuals move forward with confidence. Here, you’ll be supported by a culture that values teamwork, encourages curiosity, and celebrates the impact of your work. Because when you’re here, you’re part of something bigger. You’re part of a team that shows up, stands together, and leads with purpose.

How You’ll Make An Impact

Join Our Team as a Senior Cash Application Specialist at Gallagher Bassett! Are you a detail‑driven professional with a passion for accuracy and efficiency? Do you thrive in a fast‑paced environment where your analytical skills and commitment to excellence can make a real impact? If so, Gallagher Bassett has an exciting opportunity for you! We are seeking a Senior Cash Application Specialist to join our dynamic team and play a vital role in ensuring the seamless flow of financial operations. At Gallagher Bassett, we pride ourselves on fostering a collaborative and supportive work environment where your contributions are valued, and your career growth is prioritized. As a global leader in insurance and risk management, we offer the opportunity to work with a team of industry experts and make a difference in the lives of our clients.

Key Responsibilities

• Payment Processing: Accurately and promptly process incoming payments (checks, ACH, wire transfers, etc.) to client accounts.
• Discrepancy Resolution: Investigate and reconcile payment discrepancies, collaborating with internal teams and clients to resolve issues.
• Record Maintenance: Maintain detailed and organized records of cash application activities, ensuring compliance with company policies and audit requirements.
• Problem Solving: Research and resolve unapplied or misapplied payments, ensuring all accounts are up-to-date and accurate.
• Team Leadership: Oversee and manage the activities of the GCOE Cash Application Team, fostering collaboration and driving efficiency. Streamline processes to enhance productivity and ensure seamless operations.
• Team Collaboration: Partner with collections and accounts receivable teams to streamline financial operations and enhance efficiency.
• Reporting: Prepare and analyze daily, weekly, and monthly reports on cash application activities to support decision-making.
• Audit Support: Assist with audits by providing accurate documentation and insights as needed.

About You

Required

• A Bachelor’s degree and at least 4 years of related experience.
• Proficiency in Microsoft Excel and financial management software.

Preferred

• A Bachelor’s degree in Accounting or Finance is highly preferred.
• Strong analytical skills and a proactive approach to problem‑solving.
• Exceptional organizational skills and attention to detail.
• The ability to work independently and collaboratively within a team.

Compensation and Benefits

We offer a competitive and comprehensive compensation package. The base salary range represents the anticipated low end and high end of the range for this position. The actual compensation will be influenced by a wide range of factors including, but not limited to, previous experience, education, pay market/geography, complexity or scope, specialized skill set, lines of business/practice area, supply/demand, and scheduled hours. On top of a competitive salary, great teams and exciting career opportunities, we also offer a wide range of benefits.

Minimum core benefits

• Medical/dental/vision plans, which start from day one!
• Life and accident insurance
• 401(K) and Roth options
• Tax‑advantaged accounts (HSA, FSA)
• Educational expense reimbursement
• Paid parental leave

Other benefits include

• Digital mental health services (Talkspace)
• Flexible work hours (availability varies by office and job function)
• Training programs
• Gallagher Thrive program – elevating your health through challenges, workshops and digital fitness programs for your overall wellbeing
• Charitable matching gift program
• And more…
• The benefits summary above applies to full‑time positions. If you are not applying for a full‑time position, details about benefits will be provided during the selection process.

We value inclusion and diversity

Click Here to review our U.S. Eligibility Requirements

Inclusion and diversity (I&D) is a core part of our business, and it’s embedded into the fabric of our organization. For more than 95 years, Gallagher has led with a commitment to sustainability and to support the communities where we live and work. Gallagher embraces our employees’ diverse identities, experiences and talents, allowing us to better serve our clients and communities. We see inclusion as a conscious commitment and diversity as a vital strength. By embracing diversity in all its forms, we live out The Gallagher Way to its fullest.

Gallagher believes that all persons are entitled to equal employment opportunity and prohibits any form of discrimination by its managers, employees, vendors or customers based on race, color, religion, creed, gender (including pregnancy status), sexual orientation, gender identity (which includes transgender and other gender non‑conforming individuals), gender expression, hair expression, marital status, parental status, age, national origin, ancestry, disability, medical condition, genetic information, veteran or military status, citizenship status, or any other characteristic protected (herein referred to as “protected characteristics”) by applicable federal, state, or local laws.

Equal employment opportunity will be extended in all aspects of the employer‑employee relationship, including, but not limited to, recruitment, hiring, training, promotion, transfer, demotion, compensation, benefits, layoff, and termination. In addition, Gallagher will make reasonable accommodations to known physical or mental limitations of an otherwise qualified person with a disability, unless the accommodation would impose an undue hardship on the operation of our business.