Cash Applications Specialist - PSG at Hartford Financial Services

Cedar Rapids, Iowa, United States

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Not SpecifiedCompensation

Entry Level & New Grad, Junior (1 to 2 years)Experience Level

Full TimeJob Type

UnknownVisa

Financial Services, Equipment FinancingIndustries

Requirements

High School Diploma or equivalent required; two-year college education desired
One to three years’ experience or equivalent combination of education and experience required
Computer skills: Excel, Word, Access, Outlook, Infolease, SharePoint, PBS, and OnBase
Ten-key calculator proficiency
Ability to multi-task
Ability to work in a fast-paced environment
Ability to meet deadlines
Ability to be a strong positive team player
Takes initiative
Basic understanding of systems utilized by Cash to service various types of contracts, with focus on Infolease, Lockbox Reporter, and other Cash Application platforms
Exhibits understanding of lessors and differing needs based on industry or customer preference
Authorized to work for any employer in the U.S. (no sponsorship)

Responsibilities

Applies payments received by various methods (Lockbox, ACH, Phone Pay, Bill Pay, Live), in conjunction with lease agreement
Reformats and balances daily posting files from various resources (Banks, Customer Portal, ACH)
Assists with daily reconciliations to ensure applications are complete and accurate
Sets up customer banking information for ACH processing and generates/transmits withdrawal files
Processes returned payment notifications from various sources
Posts Cash journal entries reflecting payment application activity
Assists with routine quality control checks to ensure accuracy and deliver a superior customer experience
Responsible for pulling daily files and balancing
Assists in basic daily and monthly disposition tasks, as needed
Responsible for the completion of work orders/cases/emails, and other requests submitted to the Cash Team
Responds to customer inquiries and research requests
Lives the GreatAmerica principles; involved in cross functional team efforts as required and assigned
Ownership of Cash Application related duties for GPSG, including applying payments quickly and accurately to ensure accurate invoicing, delinquency reporting, and timely late charge posting

Skills

Cash Application

Infolease

Lockbox Reporter

ACH Processing

Payment Reconciliation

Journal Entries

Lease Agreements

Customer Service

Banking Files

Quality Control

Hartford Financial Services

Insurance and financial services provider

About Hartford Financial Services

Hartford Financial Services provides insurance and financial products designed to protect individuals and businesses. Their offerings include various types of insurance, such as auto, home, and business insurance, as well as retirement and investment solutions. The company focuses on ensuring that clients are safeguarded against risks while also aiming to create a positive impact in the community. Unlike many competitors, Hartford Financial Services emphasizes a commitment to human achievement, striving to support clients in ways that extend beyond traditional insurance coverage. The goal of the company is to empower individuals and businesses to thrive by providing comprehensive protection and contributing to societal well-being.

Hartford, ConnecticutHeadquarters

1810Year Founded

$77.7MTotal Funding

N/ACompany Stage

Social Impact, Financial ServicesIndustries

10,001+Employees

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

Paid Vacation

Paid Holidays

Hybrid Work Options

Remote Work Options

Tuition Reimbursement

Risks

AI-driven solutions like HOMEE increase competition in P&C insurance.

Beam Benefits' growth challenges Hartford's market position in employee benefits.

Superscript's funding may disrupt traditional insurance models Hartford relies on.

Differentiation

Hartford is recognized as one of the World's Most Ethical Companies.

The Hartford's critical illness insurance covers a wide range of health conditions.

Partnership with CAPE Analytics enhances Hartford's risk assessment with geospatial intelligence.

Upsides

AI-driven claims management adoption boosts efficiency in insurance processing.

Digital transformation with Beam Benefits simplifies employee benefits processes.

Geospatial intelligence from CAPE Analytics improves risk assessment and underwriting.

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