Remittance Processing Clerk

RLI

(Peoria, Illinois)
Full Time
Job Posting Details
About RLI
RLI is a specialty insurance company that helps customers navigate the world of insurance and risk. For half a century, we've been helping people and companies safeguard their assets through our innovative portfolio of property and casualty coverages and surety products.
Summary
The Remittance Processing Clerk is responsible for processing the daily lockboxes and accurately posting electronic and manual remittances for all payers using the company’s database software. Ensures all remittance work is completed timely and department deadlines are met. Reports all remittance system issues to the Remittance Processing Lead or Accounting Processing Supervisor.
Responsibilities
* Post payments to subsidiary ledgers using the company’s database software. Payment posting tasks can include some or all of the following: * Data entry of incoming payment information * Extracting and manipulating data for input into different systems * Analyzing account information * Creation and manipulation of spreadsheets * Ensure all monetary amounts are accurately calculated and posted by checking others’ calculations and making corrections and adjustments when necessary. * Decipher information from remittance documentation and apply any exceptions to the appropriate account. * Communicate with internal and external contacts regarding deposit and/or remittance information. * Assist in other duties or projects as needed.
Ideal Candidate
**Required Skills** * Understands basic principles of Accounts Receivable and accounting transactions * Energetic and easily adaptable to change * Self-motivated with a high attention to detail and good analytical skills * Intermediate mathematical skills with the ability to perform computations accurately and ability to identify errors in calculations and balances * Proficiency in Microsoft Excel and Outlook * Excellent keyboarding skills * Ability to multi-task * Ability to communicate effectively and professionally * Ability to work in a fast paced small team environment * Ability to analyze routine remittance processing issues and provide workable solutions * Ability to use software applications to ensure accurate posting of receipts to accounts **Required Experience** Requires a high school diploma or its equivalent and 0-2 years of experience in a similar field or position. Prefer Certificate in Accounting or Associates degree in accounting combined with work experience.
Compensation and Working Conditions
Reports to Remittance Processing Lead

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