Regional Collections Coordinator
Regional Collections Coordinator
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Not Disclosed
Salary Not Disclosed
1 Vacancy
Job Description
Company Details
Along the way weve been listed on the New York Stock Exchange become a Fortune 500 Company joined the S&P 500 and seen our gross written premiums exceed $10 billion.
Today the Berkley brand comprises more than 50 businesses worldwide and is divided into two segments: Insurance and Reinsurance & Monoline Excess. Led by our Executive Chairman founder and largest shareholder William. R. Berkley and our President and Chief Executive Officer W. Robert Berkley Jr. W.R. Berkley Corporation is well-positioned to respond to opportunities for future growth.
This role will be based in our Irving TX office. We offer a hybrid work schedule with 4 days in the office; and 1 day remote where it makes sense to do so.
The Company is an equal employment opportunity employer.#LI-AV1 #LI-HYBRID
Responsibilities
As a Regional Collections Coordinator youll organize and peform collection activities on past due premium balances for the regional operating units with the goal of minimizing bad debt expense and increasing recoveries. Youll be an integral part of the organization as you collaborate with regional billing teams and the Berkley Premium Audit Services team to resolve disputes and facilitate payment for our commercial customers.
What you can expect:
- Culture of innovation teamwork supportive colleagues and leaders willing to invest in talent
- Internal mobility opportunities
- Visibility to senior leaders and partnership with cross functional teams
- Opportunity to impact change
- Benefits competitive compensation paid time off comprehensive wellness benefits and programs employer funded health savings account profit sharing 401k paid parental leave employee stock purchase plan tuition assistance and professional continuing education
Well count on you to:
- Provide detailed analysis of debt owed by letter phone and email correspondence with policyholders and agents regarding unpaid invoices on expired and cancelled policies. Document notes regarding conversations and correspondence.
- Review each collection account assigned to collector queues weekly taking appropriate action and follow up documentation
- Determine optimal terms of installment agreements offered to delinquent accounts in order to collect bad debt considering time value of receipts
- Propose settlement agreements to clients in order to resolve complex disputes and unpaid premiums. Use judgment to determine amount of debt the company will write-off
- Communicate with premium auditors and processors from Berkley Premium Audit regarding disputes errors or questions for audits in collections
- Assign collection accounts to third party collections vendor as needed
- Maintain the write-off approval record for audit purposes and execute voids from Open Collection in the billing system when write-offs have been approved.
- Review workload distribution with manager monthly to ensure volume of accounts assigned is level and adjust as needed among collectors and third-party agencies.
- Respond to inquiries from underwriters insureds agents and internal customers regarding policies in collections.
Qualifications
What you need to have:
- High school diploma or equivalent
- 3 to 5 years of general business experience or equivalent
- 2 years of experience with insurance billing and customer service
- Strong working proficiency with Microsoft Excel and Outlook
- Aptitude for analyzing data; strong quantitative skills
- Excellent written and verbal communication skills
- Attention to detail whben analyzing metrics and entering data
What makes you stand out:
- Two years of commercial collections experience preferred
- Ability to work in a fast-paced customer-oriented environment
- Affinity for technology - abilty to work in multiple computer systems
Additional Company Details
The company offers a competitive compensation plan and robust benefits package for full time regular employees.
The actual salary for this position will be determined by a number of factors including the scope complexity and location of the role; the skills education training credentials and experience of the candidate; and other conditions of employment.
Sponsorship Details
Required Experience:
IC
Employment Type
Unclear
