Senior AP/AR Specialist

Job DetailsJob Location: Allied Benefit Systems - CHICAGO, IL 60606Position Type: Full TimeSalary Range: $23.00 - $24.00 HourlyJob Category: Accounting & FinancePOSITION SUMMARY The Senior AP/AR Specialist supports the financial operations of the BPO Finance team by managing accounts receivable, accounts payable, cash application, vendor payments, and reconciliations. This role ensures the accuracy and completeness of financial transactions related to client billing, funding activities, and administrative fees while partnering with internal teams and external stakeholders to resolve issues, improve processes, and maintain compliance with established financial controls. ESSENTIAL FUNCTIONS Process and reconcile accounts receivable and accounts payable transactions, ensuring accuracy, completeness, and timely resolution of discrepancies. Apply and reconcile cash receipts, client funding, vendor payments, and administrative fee transactions. Monitor and reconcile financial activity across billing, funding, eligibility, and claims-related systems. Research, investigate, and resolve complex payment, billing, and reconciliation issues. Support premium billing, client funding, and financial transaction processes for multiple clients and employer groups. Collaborate with Billing, Broker Operations, Account Services, and external partners to ensure accurate financial processing and account maintenance. Maintain financial records and supporting documentation in accordance with internal controls, audit requirements, and compliance standards. Analyze transaction data and prepare reports to support operational and financial decision-making. Identify process inefficiencies, perform root cause analysis, and implement improvements to enhance accuracy and operational effectiveness. Utilize financial systems and reporting tools, including Excel and emerging technologies, to streamline workflows and improve reporting capabilities. Serve as a subject matter expert for AR/AP processes and provide guidance on financial transactions, reconciliations, and system-related issues. Manage multiple priorities and deadlines while maintaining a high level of customer service and transaction accuracy. Other duties as assigned EDUCATION Bachelor's degree in Accounting, Finance, Business Administration, or equivalent work experience required. EXPERIENCE AND SKILLS 2–4 years of experience in financial operations, such as accounting, banking, billing, or related functions, preferably within a BPO/TPA environment in the healthcare industry. 2 years of experience working with and analyzing data is required. Experience with fund flow management, including client funding, claims payments, administrative fees, and account reconciliations. Experience supporting premium billing, claims funding, or other client-level financial operations. Experience using financial, billing, or claims administration systems; Great Plains and/or QicLink experience preferred. Advanced Microsoft Excel skills, including reconciliation, data validation, analysis, and reporting. Strong analytical and problem-solving skills with the ability to identify and resolve discrepancies across multiple systems. Experience supporting audits, financial controls, and compliance-related processes preferred. Ability to leverage reporting and automation tools such as Power BI, Power Apps, AI-enabled tools, or similar technologies to improve operational efficiency. Excellent organizational, communication, and time management skills. Ability to work independently and effectively manage multiple priorities in a fast-paced environment. POSITION COMPETENCIES Accountability Communication Customer Service Orientation Functional/Technical Skills Quality Focus Time and Task Management PHYSICAL DEMANDS This is a standard desk role requiring extended sitting and computer work. WORK ENVIRONMENT Remote The company has reviewed this job description to ensure that essential functions and basic duties have been included. It is not intended to be construed as an exhaustive list of all functions, responsibilities, skills, and abilities. Additional functions and requirements may be assigned by supervisors as deemed appropriate. Here at Allied, we believe that great talent can thrive from anywhere. Our remote friendly culture offers flexibility and the comfort of working from home, while also ensuring you are set up for success. To support a smooth and efficient remote work experience, the internet connection must be obtained through a cable broadband or fiber optic internet service provider with speeds of at least 100Mbps download/25Mbps upload. Reliable internet service is essential for staying connected and productive. Compensation is not limited to base salary. Allied values our Total Rewards, and offers a competitive Benefit Package including, but not limited to, Medical, Dental, Vision, Life and Disability Insurance, Generous Paid Time Off, Tuition Reimbursement, EAP, and a Technology Stipend. Allied reserves the right to amend, change, alter, and revise, pay ranges and benefits offerings at any time. All applicants acknowledge that by applying to the position you understand that the specific pay range is contingent upon meeting the qualification and requirements of the role, and for the successful completion of the interview selection and process. It is at the Company's discretion to determine what pay is provided to a candidate within the range associated with the role.Qualifications