Remittance Processing Clerk

RLI Corp. - Peoria, IL

Full-time - Entry Level

Hybrid - Peoria, IL

Insurance Carriers and Related Activities

About the position

The Remittance Processing Clerk is responsible for processing daily lockboxes and accurately posting electronic and manual remittances for all payers using the company's database software. This role ensures timely completion of remittance work and adherence to department deadlines, while also reporting any system issues to senior staff.

Responsibilities

• Post payments to subsidiary ledgers using the company's database software.
• Data entry of incoming payment information.
• Extract and manipulate data for input into different systems.
• Analyze account information.
• Create and manipulate 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.

Requirements

• Typically requires a high school diploma
• 0+ years of related experience or equivalent level of education and experience
• 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 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.

Benefits

• Employee stock ownership plan (ESOP)
• 401(k) — automatic 3% company contribution
• Annual discretionary 401k and ESOP profit-sharing contribution (up to 15% of base salary)
• Annual bonus plans
• Paid time off (PTO) and holidays
• Paid volunteer time off (VTO) to support our communities
• Parental and family care leave
• Flexible & hybrid work arrangements
• Fitness center discounts and free virtual fitness platform
• Employee assistance program
• Comprehensive medical, dental and vision benefits
• Flexible spending and health savings accounts
• 2x Base Salary for Group Life and AD&D insurance
• Voluntary life insurance for purchase
• Critical Illness & Accident insurance
• Short-term and long-term disability benefits