Summary:
The job of the Premium Payable Specialist is to ensure accurate and timely processing of premium payables to insurance carriers and brokers.In addition, the ideal candidate will be comfortable taking on other accounting tasks and projects within the department.
Essential Duties and Responsibilities:
- Function as primary contact with assigned insurance markets; focus on expedient resolution of billing discrepancies, obtain missing carrier invoices/statements from Insurance carriers and wholesalers in order to issue timely disbursement.
- Prepare reconciliations in Agency Management System in conjunction with invoices and/or statements received from markets in accordance with payment terms.
- Monitor timely resolution of billing discrepancies in order to achieve a match status on or before payment due date.
- Process return premium requests.
- Prepare analysis of aged open payables on a periodic basis.
- Analyze research and resolve exceptions.
- Build and maintain positive working relationships with client service operations team and markets.
- Contribute to a cooperative team environment in which cross functions are assumed as necessary in order to meet department deadlines and goals.
- Other duties as assigned.
Education and Experience:
- High school diploma or equivalent required; associates in accounting preferred.
- At least two years of related experience required.
· Experience with insurance accounting is preferred.
· Experience with Microsoft Outlook and Excel preferred.
Required Skills/Abilities:
· Insurance Brokerage Experience preferred.
· Excellent written and verbal communication skills.
· Experience with Applied EPIC and/or ConceptOne.
· Experience with Microsoft Office.
· Strong analytical and problem-solving skills.
· Work under pressure to meet deadlines.
· High degree of accuracy with a good eye for detail.
· Self-motivated and proactive.
· Demonstrated ability to take initiative and achieve results in a fast-paced and changing environment.
Job Type: Full-time, 40 hours a week.
Schedule: 8:15am – 5:00pm, Monday – Friday
Location: Fairview Park, OH 44126.
Work Status: Hybrid, or remote.
Benefits:
· 401(k) matching.
· Dental insurance.
· Health insurance.
· Vision insurance.
· Voluntary additional benefits: Life insurance, AD&D, dependent life, dependent AD&D, short-term disability, and long-term disability.
· 8 days holiday paid time off.
· Paid time off.
Job Type: Full-time
Benefits:
- 401(k)
- 401(k) matching
- Dental insurance
- Health insurance
- Health savings account
- Life insurance
- Paid time off
Physical Setting:
Application Question(s):
- What are your salary expectations?
Experience:
- related: 2 years (Required)
Work Location: Remote
