Accounts Payable/Accounts Receivable SpecialistUFG is currently hiring for an Accounts Payable/Accounts Receivable Specialist who will be responsible for payment of invoices for all companies, issuing and printing daily checks, daily disbursement balancing and performing month-end balancing procedures for disbursement by company. This role will assist with the company credit card program, including the approval of employee travel and expense reports for reimbursement through the Concur platform. This position will also perform accounts receivable responsibilities, support payment-related requests from Auditors and other Corporate Finance team members and assist with projects as requested. This role will require 3-4 days on site in Cedar Rapids, Iowa.
Essential Duties & Responsibilities:- Process invoices for payment via check, EFT, or credit card.
- Verify purchase orders, vendor invoices for proper approval and accurate coding by general ledger account, branch & department, and state when required.
- Issue daily checks and EFT/ACH's.
- Process manual ACH's and payroll ACH's, voids and stop payment of checks through the online banking system.
- Effectively communicate with vendors and employees regarding invoices and payments.
- Assist with employee Travel and Expense reports in Concur for reimbursement, monitor reports for compliance within the Corporate Travel Policy and proper expense coding.
- Assist with the company credit card program, including review of daily general ledger entries, balance statements and prepare journal entries, request and cancel cards, assist with employee inquires and fraudulent charges.
- Complete daily and month end balancing activities and other treasury activities.
- Balance the Daily Claims Spreadsheet and resolve reconciling items as appropriate
- Assist with Form 1099 corrections and year-end processing
- Perform Accounts Receivable responsibilities
- Process cash receipt entries
- Claims system coding and cash receipts
- Preparation of timely and accurate information concerning cash, checks, electronic money and bank deposits
- Process foreign cash and code sheets
- Research and assist in the resolution of discrepancies related to accounts payable/receivable and balancing issues
- Governance & Controls
- Prepare SOX-compliant documentation, ensuring adherence to company policies and internal control requirements.
- Assist with audit requests, including internal controls and testing evidence.
Collaboration & Process Improvement:
Participate in continuous improvement initiatives aimed at optimizing processes, standardizing reporting, and automating data flow.
Collaborate with cross-functional teams including operations and IT to support finance transformation initiatives designed to modernize systems and standardize financial processes.
Job Specifications:
Education:
Accounting associate degree or commensurate experience in accounts payable/receivable
Experience: 2-3 years of accounting experience; both accounts payable & accounts receivable
Prior property & casualty insurance experience preferred
Knowledge, skills & abilities:- Proficiency in accounting software
- Strong Excel skills
- Analytical and problem-solving skills with attention to accuracy and detail
- Strong organization and time management skills
- Strong attention to detail and accuracy
Ability to handle multiple priorities, meet deadlines, and work effectively in a dynamic environment.
Ability to work both independently and collaboratively in a team setting
Excellent verbal and written communication skills
Critical thinking and problem-solving skills
Self-motivated
Working Conditions: General Office Environment
Travel Requirements: Infrequent travel, only as needed
Pay Transparency Statement:
UFG Insurance is committed to fair and equitable compensation practices. The base salary range for this position is $22.00 - $25.00 hourly, which represents the typical range for new hires in this role. Individual pay within this range will be determined based on a variety of factors, including relevant experience, education, certifications, skills, internal equity, geography and market data. In addition to base salary, UFG Insurance offers a comprehensive total rewards package that includes: Annual incentive compensation Medical, dental, vision & life insurance Accident, critical Illness & short-term disability insurance Retirement plans with employer contributions Generous time-off program Programs designed to support the employee well-being and financial security.
