Associate Accounts Receivable Analyst

IAT Insurance Group has an immediate opening for an Associate Accounts Receivable Analyst in our Newark, NJ location.  This role performs multiple Accounts Receivable (aka: AR) and collections functions, including the intake of cash receipts, both checks and electronic bank-to-bank remittance (ACH) from banks, distribution of monthly statements, account payables, overdue collection of debt, and account reconciliation within our Surety Operations.  This role works a hybrid schedule from an IAT Office in Newark. The hybrid schedule reflects our values (thinking and acting like an owner, collaboration, and teamwork) as it requires working from the office with colleagues and other disciplines Monday through Wednesday, with the option of working Thursday and Friday remotely.  You will be expected to work at minimum one Thursday a month in the office after training.   Responsibilities:

• Batches incoming remittance payments from Insurance agents that are received in the form of a check and/ or electronic bank-to-bank remittance, daily data entry to the internal Check Table, and daily funds reporting to the corporate Finance Dept
• Daily deposit to the bank including a digital record (OnBase copy) of all invoices/statements associated to properly account for the payment.
• Record all payments received to Monthly Statement (Bonds) according to standard operating procedures.
• Processes insufficient funds and stop payments for returned checks. Notify agents and underwriters of the returned Prepare general ledger and non-cash code sheet to reverse payment from the insured’s policy.
• Provides detailed customer service to all agents and internal staff, including preparing statements of account and year-to-date payments received as provided or designed utilizing IAT reporting services.
• Processes and maintains internal and external collection activities, communicates with agents, and recommends the submission of past-due accounts to a 3rd party collection agency

• Investigate, identify, and resolve with IAT Surety Region offices any outstanding balances and account discrepancies utilizing daily, weekly, and monthly reports. Effectively communicates the resolution with all responsible associates including regional offices, Billing Supervisor, and corporate Finance Dept.
• Perform other duties as needed.

  Qualifications: Must-Have:

• High school graduate or equivalent with working knowledge of bookkeeping, accounting practices and accepted office procedures.

• An Associate degree in business, accounting, finance preferred, or 2 years equivalent  experience  within an accounts receivable, accounts payable, accounting business. environment.
• Accounts receivable and/or accounts payable experience; this includes bookkeeping skills.
• Strong computer skills, including, but not limited to Excel, Word – other business related software.
• Strong Customer service skills
• Ability to perform detailed work with numerical data and to make mathematical calculations rapidly and accurately.
• Ability to meet daily, weekly, and monthly deadlines, with associates' pressures. 
• To qualify, applicants must be authorized to work in the United States and must not require VISA sponsorship, now or in the future, for employment purposes.

    Our Culture IAT is the largest private, family-owned property and casualty insurer in the U.S. Insurance Answers Together® is how we define IAT, in letter and in spirit. We work together to provide solutions for people and businesses. We collaborate internally and with our partners to provide the best possible insurance and surety options for our customers.   At IAT, we’re committed to driving and building an open and supportive culture for all. Our employees propel IAT forward – driving innovation, stable partnerships and growth. That’s why we continue to build an engaging workplace culture to attract and retain the best talent.   We offer comprehensive benefits like:

• 26 PTO Days (Entry Level) + 12 Company Holidays = 38 Paid Days Off
• 7% 401(k) Company Match and additional Profit Sharing
• Hybrid work environment
• Numerous training and development opportunities to assist you in furthering your career
• Healthcare and Wellness Programs
• Opportunity to earn performance-based bonuses
• College Loan Assistance Support Plan
• Educational Assistance Program
• Mentorship Program
• Dress for Your Day Policy

  All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.  We maintain a