Accounts Payable & Accounts Receivable Specialist

Old Republic Surety Company

Old Republic Risk Management (ORRM) is currently seeking an Accounts Payable & Accounts Receivable Specialist to join its Accounting Team at its company headquarters in Brookfield, WI. ORRM provides primary casualty insurance products to corporate and group insureds with complex risks. A pioneer in the alternative risk market since 1985, ORRM delivers innovative solutions and services that offer unparalleled flexibility to insurance program design and structure.

In general, the Accounts Payable & Accounts Receivable Specialist is responsible for dealing with a mixture of active and cancelled policy transactions daily and handles the cash flow, A/R and A/P associated with them. Essential duties for the role are as follows:

  • Prepare monthly cession statements of captive and non-captive premiums and losses for assigned accounts
  • Perform required general ledger and premium statistical balancing procedures
  • Perform required accounting for reinsurance premium and excess losses
  • Maintain integrity of the account books and computer files
  • Establish communication contacts and solve minor problems with internal and external accounting contacts including agents, insureds, and claims contractors
  • Maintain accounting files for prior year information, including any documentation essential to the special handling of assigned accounts

This position requires an Associates degree in Accounting with at least 1 year of prior related experience, or an equivalent combination of education and experience. Prior experience handling cash and losses preferred.

Working as an Accounts Payable & Accounts Receivable Specialist requires one to work independently and effectively within a fast-paced environment. Proficiency with Microsoft (MS) Windows and Office products is necessary. Other skills necessary include excellent oral and written communication skills, strong organizational and accurate proofreading skills, the ability to maintain accurate records, the ability to exercise discretion with confidential information, strong attention to detail, and the ability to use a variety of office equipment.

At Old Republic Risk Management, we look for bright, passionate individuals who share our values and quest for success and offer them the support and flexibility to grow to be their best at work, at home, and in the communities in which they live. We offer all of this in an open-door, collaborative workplace that encourages and rewards team-work and individual contributions. Learn more about our company by watching this video! For more about our outstanding benefits and culture, please visit our website.

Interested? Click ‘apply’ and follow some very simple steps to get your resume in front of the Talent Acquisition team.

If this role is not quite what you were looking for, but you are interested in working for our company, you are encouraged to fill out a general application or visit our career page for other opportunities. Old Republic Risk Management actively recruits talented individuals for a wide range of career opportunities in insurance. Please consider joining our dynamic and growth-oriented company.

Old Republic Risk Management is an Equal Opportunity Employer and is committed to maintaining a diverse workplace.