Cash Analyst

Job Description

Are you looking for your next opportunity?

Sompo has a unique opportunity for a Cash Analyst in our Cash & Collections team.

This role is responsible for allocating cash to the subledger to the premium receivable. As well as consistent timely follow up for the resolution of any cash that has not been allocated.

Location: This position will be based out of our Charlotte, NC office. We strive for collaboration which is why we offer a work environment where our employees thrive and develop long lasting careers.

Our business, your impact, our opportunity:

What you’ll be doing:

·       Ensures timely and accurate application of cash receipts to the receivable

·       Supports the Query Management process to ensure timely followup and resolution of queries.

·       Troubleshoot data reconciliation and variance issues with internal departments as well as with the Broker’s Accounts Payable team to resolve unallocated cash issues

·       Strong Analytical ability, and detail oriented with the ability to work on high volume of daily transactions

·       Develop strong relationships with our internal Underwriting Units to ensure quality service

·       Support development, maintenance and distribution of concise and accurate reporting of balances

·       Provide Information for all EY Audit Requests, premium confirmation letters and support for all requested balances.

·       Support the bank reconciliation process and intercompany transfer process

·       Ad-hoc project requests

What you’ll bring:

• 1+ years of Accounts Receivable(background in commercial collections)  and Cash Application experience
• Bachelor’s degree Accounting/Finance
• Must have proficiency with Microsoft Office Suite, Expert Level Excel Skills Required (Pivot Tables, V-Lookups, etc.)   
• SAP/CD experience preferred
• Basic understanding of accounting procedures, internal and external reporting and variance analysis
• Knowledge of Insurance principles preferred
• Excellent verbal and written communication skills
• Detail oriented, organized, and strong problem solver with Analytical abilities and have a high level of accuracy
• Ability to work in a fast paced, high volume team environment with rapidly changing priorities and demands

• Desired personal qualities include:  energetic, resourceful, hardworking, self-motivated, highly organized and able to prioritize

At Sompo, we recognize that the talent, skills, and commitment of our employees drive our success. This is why we offer competitive, high-quality compensation and benefit programs to eligible employees.

Our compensation program is built on a foundation that promotes a pay-for-performance culture, resulting in higher incentive awards, on average, when the Company does well and lower incentive awards when the Company underperforms.  The total compensation opportunity for all regular, full-time employees is a combination of base salary and incentives that gets adjusted upfront based on overall Company performance with final awards based on individual performance.

We continuously evaluate and update our benefit programs to ensure that our plans remain competitive and meet the needs of our employees and their dependents.  Below is a summary of our current comprehensive U.S. benefit programs:

• Two medical plans to choose from, including a Traditional PPO & a Consumer Driven Health Plan with a Health Savings account providing a competitive employer contribution
• Pharmacy benefits with mail order options
• Dental benefits including orthodontia benefits for adults and children
• Vision benefits
• Health Care & Dependent Care Flexible Spending Accounts
• Company-paid Life & AD&D benefits, including the option to purchase Supplemental life coverage for employee, spouse & children
• Company-paid Disability benefits with very competitive salary continuation payments
• 401(k) Retirement Savings Plan with competitive employer contributions
• Competitive paid-time-off programs, including company-paid holidays
• Competitive Parental Leave Benefits & Adoption Assistance program
• Employee Assistance Program
• Tax-Free Commuter Benefit
• Tuition Reimbursement & Professional Qualification benefits

Who we are and what we stand for:

At Sompo, our shared purpose is to create meaningful value for clients, communities, and each other. We strive to foster a workplace where everyone feels respected, included, and empowered to excel. As a global organization, we embrace diversity and champion equal opportunity. Guided by our core values—Accountability, Agility, Collaboration, Development, and Integrity—we build trust and support one another to achieve our goals worldwide. Life at Sompo page

Our values come to life in how we hire and grow talent. Employment decisions are based on qualifications, merit, and organizational need, and we strive to ensure equitable access to opportunities so everyone can do their best work. If you need an accommodation for any part of the application process, please contact the recruiter in charge.