777 PARTNERS Accounts Payable and Receivable Specialist Salary in the United States

OVERVIEW

777 Partners, a Miami based investment firm, acquired Ensurem II, LLC (“Ensurem”), an insurance technology company based in Tampa, FL.

ABOUT ENSUREM

Ensurem is a provider and innovator of healthcare insurance technology that is revolutionizing one of the most important choices you can make: investing in quality, cost-effective insurance products to protect you and the ones you love.

ABOUT 777 PARTNERS

777 Partners is a Miami-based investment firm focused on a broad spectrum of financial services businesses across insurance, lending, specialty finance, and financial technology. Operating in attractive markets and often times esoteric asset classes, 777 seeks to make control investments across the business life cycle in companies with scalable profiles and ambitious management teams. For more information on 777 Partners, visit www.777part.com.

JOB SUMMARY:

The role of the Accounts Payable/Receivable Specialist at Ensurem is to support the financial operations of the Company.  The AP/AR Specialist will execute a number of daily, weekly and monthly invoice processing, cash payments and cash applications activities while ensuring compliance with Company processes and procedures.  The person in this role will need a strong grasp on the processing of accounts payable, cash receipts impacts operations, the general ledger, and a strong understanding of computer systems. The AP/AR Specialist will play a central role preparing the financial results of the Company.

DUTIES AND RESPONSIBILITIES

• Completes payments and controls expenses by receiving, processing, verifying and reconciling invoices.
• Reconciles processed work by verifying entries and comparing system or other reports to balances.
• Maintains vendor master data integrity by ensuring proper documentation is obtained and maintained for vendors with which the Company does business.
• Manages banking platform activities that includes originating payment templates in accordance with vendor information, originates vendor payments in consultation with Controller, manages Positive Pay process and other operational banking activity.
• Manages employee reimbursements by ensuring that proper documentation and approvals are obtained, and employees are paid timely.
• Identifies areas for improvement and recommends courses of action.
• Performs daily bank reconciliation by uploading bank statement and clearing balances appropriately.
• Review reconciliation report and takes corrective action where necessary.
• Matches cash receipts to carrier commission reports and prepares data for upload into accounting system.
• Reconciles assigned general ledger accounts to supporting documents.
• Manages daily activity of virtual credit card system to ensure charges have proper receipt/invoice documentation and are posted to the general ledger properly.
• Support the annual financial statement audit and regulatory audits.
• Prepares 1098/1099 and tangible property tax returns.
• Assist with month end close.
• Ad-hoc accounting analysis as needed.

SKILLS / KNOWLEDGE / ABILITIES

• Medium competency in Microsoft Office products
• Understanding of fundamental relationships in accounting – debits, credits, balance sheet accounts, income statement accounts
• Strong attention to detail is required.

EDUCATION AND EXPERIENCE

• 3+ years of accounting experience in AP; bachelor’s degree in accounting a plus
• Previous experience with Medicare related insurance products is a plus.