AR Team Lead

Job Locations US-PA-Conshohocken
Job ID
2022-1391
Category
Accounting/Finance
Type
Regular Full-Time

Overview

NSM Insurance Group is the nation’s leading specialty insurance provider with more than $1 billion in premium across 25+ specialty insurance programs and brands in the U.S. and U.K. For more than 30 years, the company has been exclusively focused on building successful insurance programs and continually seeks new opportunities to grow and expand through strategic mergers and acquisitions.

Relationships are paramount at NSM because we know that’s what drives mutual, long-term success. We maintain an entrepreneurial spirit and startup mindset within an established organization that continues to redefine what specialty insurance means and how it impacts everyday lives. Employee are given endless opportunities to expand their interests and skillsets, push breakthrough ideas and take risks. Our open, supportive environment gives employees the confidence to take ownership of their work as if the business was their own.

At NSM, we Build Success every day for our people, carrier partners, agents and insureds — because we know our success is built on yours.

 

The AR Team Lead plays an important role in ensuring premiums are paid timely and policies are cancelled, when necessary, in order to keep the aging receivables to a minimum. As team lead, it’s expected that the candidate will have a strong knowledge of the generally accepted accounting principles (GAAP) and an understanding of SOX control requirements. The ideal candidate is a motivated individual who is a team player but can work independently, think critically, problem solve and provide quality ideas to improve the organization’s processes.

 

(This is a hybrid role, 2-3 days onsite per week)**

Responsibilities

  • In partnership with the AR Manager, oversee a team of accountants and administrators performing various accounts receivable functions and lead them to achieving their goals.
  • Supervise the cash application task for various lines of businesses by posting cash to accounts receivable and general ledger accounts.
  • Oversee 3rd party financing relationships enabling customers to acquire products & services at attractive rates for selected lines of business.
  • Manage customer modifications to their insurance coverages to meet customer needs.
  • Prepare or review journal entries involving account receivable transactions.
  • Ability to work in multiple subledger systems across various insurance programs.
  • Reconcile key monthly balance sheet accounts.
  • Partner and communicate with internal sales and underwriting teams regarding brokers’ & agents’ transactions.
  • Address internal and external customers’ questions and issues with timely and accurate answers.
  • Promote good image and ideals of company with external parties.
  • Communicate effectively and cordially with all members of the finance department.
  • Complete assigned tasks in the month end close process.
  • Prepare, analyze, and distribute account receivable reports to assist in monitoring business transactions.
  • Oversee the monthly broker commission payment process for various lines of business.
  • Partner with Treasury Department on cash reconciliations and backup banking administration.
  • Ad hoc duties as needed.

Qualifications

  • Bachelor’s degree in accounting or accounting-related field
  • At least 5 years’ experience in accounting or accounts receivable
  • Proficiency in Excel, Word and Outlook
  • Strong organizational skills, with attention to detail, accuracy and accountability
  • Ability to build strong working relationships with operational and financial personnel
  • Strong communication skills both verbal and written
  • Ability to perform multiple tasks simultaneously, work effectively in a team environment and meet deadlines

Options

Sorry the Share function is not working properly at this moment. Please refresh the page and try again later.
Share on your newsfeed