Cash Receipts Clerk

Job ID: 7257Location: Columbus, OHDepartment: 261Education Required: Not IndicatedExperience Required: Not IndicatedPosition Description: Ability to utilize keyboard. Ability to utilize 10 - key.Position Requirements:Makes telephone calls and emails to agent to obtain additional information.Evaluates app for TIA limits and if limits are exceeded, prepares refund letter to applicant and initiates action for refund of premium.Sort and count all new business applications, incoming payments and correspondence by policy type and processing function (e.g., Traditional, Annuity and Variable applications, Group Billings, Flexible Payment Annuity, 1035 Exchange, Reinsurance, individual policy payments etc.).Responsible for reviewing via APEX or other image system that all New Business Applications are complete per established guidelines (e.g., TIA requirements, replacement information, Plan and Face Amount, Agent information, and verification of payment). Assign policy number to individual New Business Applications utilizing the Policy Assign program by inputting insured name, policy type and payment with complete accuracy. Responsible for flagging the application as a “rush” for Application Coding (e.g. career agent, Rush, contest, blue ribbon, etc.).Analyze incoming payment for “in-force” policy utilizing the Citibank secured internet website and the Farmers Life-Com system to determine payment type (basic premium, loan or loan interest, Premium Deposit Fund, Flexible Payment Annuity etc.) and account, ensuring the payment is applied to the proper insured’s account. Create and input payment batch into the Life-Com system per established guidelines.Responsible for ensuring individual Life-Com POS/GL batches are balanced with related currency. Reconcile Cash Receipts Daily Batch Control Log and verify total deposit is balanced with currency processed through Wells Fargo CEO Internet banking website.Scan, verify, deposit and create a deposit report of all checks processed daily utilizing the Wells Fargo Desktop Solution equipment and the Wells Fargo CEO secured internet banking website or similar system. Responsible for ensuring the daily deposit total is balanced with the Cash Receipts Final Balance Sheet.Responsible for inputting daily Lockbox Retail count and deposit received from Citibank utilizing the FALCON program on Life-Com for “Check and Balance.”Verify the checks and remittance form images on APEX..Performs other duties as assigned..