Accounts Receivable Manager
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Job Location:
Glen Allen, VA - USA
Monthly Salary:
Not Disclosed
Posted on:
17 hours ago
Vacancies:
1 Vacancy
Job Summary
Company Details
Berkley Mid-Atlantic Group (BMAG) is a property and casualty insurance provider serving the Mid-Atlantic. We are a member of W. R. Berkley Corporation one of the largest commercial lines property casualty insurance holding companies in the United States. With the resources of a large Fortune 500 corporation and the ability to operate with the closeness and flexibility of a small company we exclusively work with select independent agents to insure the future of business.
Our culture is one that empowers employees to question the status quo and seek innovative ways to continue to exceed the expectations of our customers. We practice collaboration creativity and teamwork on a daily basis with a commitment to innovation and high performance.
Company URL: company is an equal opportunity employer.
Responsibilities
The Accounts Receivable Manager is responsible for overseeing and performing operational receivables management duties for W.R. Berkleys Berkley Mid-Atlantic (BMG) and Berkley Southeast (BSIG) operating units accounts receivable and billing department. Those duties include but are not limited to billing collecting reviewing depositing and reconciling receivables and commission related activities. Provide supervisory support to direct reports including goal setting project management training and performance management. Core objectives are to ensure timely and accurate application of receivable and commissions receipts and provide quality customer service to all customers.
- Respond to insured agent and underwriting inquiries and/or complaints in written and/or oral form.
- Review and process requests for premium refunds and commission adjustments.
- Approve payment arrangements in consultation with the team and underwriting management as needed.
- Review receivable agings and take appropriate action including negotiation of payment terms referral to internal and/or external collections and processing liens for collections providing management with reports of this activity.
- Monitor internal and external collections activities.
- Act as the subject matter expert for both Direct Billed and Agency Billed accounts.
- Review and verify customer account statements including audits cancellations rescissions and final notices in accordance with the governing bodys statutes codes and rules.
- Review and verify the accuracy of direct bill commission statements.
- Validate cash received and applied from multiple sources including desktop deposits deposits via a lockbox facility and electronic funds transfers.
- Process items returned through the financial institution system.
- Perform timely research and resolution of all discrepancies between agency Account Current statements and internal statements. Communicate discrepancies and differences to agencies on a regular basis and perform timely follow-ups.
- Manage the shared workload between team members providing direction guidance and support.
Qualifications
- High School Diploma/GED required with additional college education desired.
- A minimum of 4 years related accounts receivable experience preferably within the insurance industry.
- General knowledge of accounting concepts math receivable/accounting systems Excel and Word software.
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:
Manager
Key Skills
- Journal Entry
- Customer Service
- Collection effort
- A/R Management
- Past due Account
- General Ledger Accounting
- Accounting
- Excel
- Payroll
- Financial statement
- Collection procedures
- Customer Account
- Delinquents Account
- Direct Reports
- Timely collections
About Company
Berkley is a leader in commercial lines insurance, with over 60+ specialized businesses - each with deep expertise in an industry, product, or regional niche.
