Accounting Technician
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Job Location:
Naperville, IL - USA
Monthly Salary:
Not Disclosed
Posted on:
Yesterday
Vacancies:
1 Vacancy
Job Summary
Company Details
Our Company provides a state of predictability which allows brokers and agents to act with confidence.
Founded in 1967 W. R. Berkley Corporation has grown from a small investment management firm into one of the largest commercial lines property and casualty insurers in the United States.
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 60 businesses worldwide and is divided into two segments: Insurance and Reinsurance and 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.
The Company is an equal employment opportunity employer.
Responsibilities
Staff level bookkeeping position performing duties related mostly to premium receivable and accounts payable processes and limited assistance to general accounting functions. This position is expected to operate with a minimum level of supervision is expected to problem solve interact and communicate with outside customers (i.e. premium receivables) and interact directly with the business units we support.
Areas of concentration include direct billing and collecting utilizing Berkley Billing accounts payable utilizing PeopleSoft general journal entries using PeopleSoft and cash flow monitoring. All functions focus on accurate and timely completion that is determined on a day-to-day basis. This is dependent on the volume of receivable activity (i.e. applying cash taking phone calls processing claim checks etc.)
- Premiums Receivable (100% of time). Utilizing the Berkley Billing system:
- Apply cash received to insureds accounts; follow up with insureds/agents regarding any discrepancies between billed and received amounts; inform business unit management of developing collection problems while they can still be contained.
- Process refunds resulting from endorsements cancellations etc; verify refunds are due and discuss with business unit management prior to processing.
- Reconcile Berkley Billing to the general ledger and contact insureds and agents regarding overdue receivables.
- Manage the aging receivables to ensure any over-due items are resolved
- Monitor daily cash flow and prepare cash flow report.
- Prepare General Journal Entries that relate to the cash inflows received daily
- Active pursuit of continuous process improvement and progress measurement (metrics);
Other duties as assigned.
Qualifications
2 5 years of experience in Accounts Receivable Department
Some prior experience in accounts payable or general accounting
Insurance company experience a plus
Strong interpersonal skills
Good Excel skills
Education Requirement
College degree a plus but not required
Additional Company Details
Berkley is committed to offering comprehensive and competitive employee health benefits that help our employees stay healthy feel secure and maintain a work/life balance. We offer Medical Dental Vision Flexible Spending Account Health Savings Account and a Health Reimbursement Arrangement. We support our employees in planning for their current and future security by offering Short & Long Term Disability 401(k)/Profit Sharing/Employee Stock Purchase Plan Life/Accidental Death & Dismemberment/Travel and Additional Life Insurance. We want our employees to live productive and fulfilling lives. We promote work-life balance and personal wellness by providing an Employee Assistance Program Paid Time Off (Vacation/Sick/Holidays) and encouraging employees to participate in our groups wellness program. We take risk management excellence and your professional growth and ongoing development seriously by offering industry-related education and exams along with industry-related tuition assistance.
Sponsorship Details
Required Experience:
IC
Key Skills
- Accounting Software
- Cash Flow Analysis
- Clerical Experience
- GAAP
- Accounting
- 10 Key Calculator
- Peoplesoft
- Filing
- Payroll
- Financial Report Interpretation
- Accounts Payable
- Bookkeeping
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.
