Premium Receivables Specialist
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Job Location:
Boston, NH - USA
Monthly Salary:
Not Disclosed
Posted on:
16 hours ago
Vacancies:
1 Vacancy
Job Summary
Company Details
Gemini Transportation Underwritersis a leading provider of excess liability insurance for companies in the transportation industry. We offer excess liability coverage for all types of vehicles and excess liability and railroad protection for freight and passenger railroads and public transit systems.
As part of W. R. Berkley Corporation one of the nations premiere commercial lines property casualty insurance providers we combine the resources of a Fortune 500 company with the underwriting expertise and personalized service of a specialty carrier.
We are pleased to underwrite and issue policies on behalf of Gemini Insurance Company* also a W.R. Berkley member company which carries an A. M. Best Financial Strength Rating of A (Superior) and a Financial Size Category of XV.
Company URL: company is an equal opportunity employer.
Responsibilities
The Premium Receivable Specialist is responsible for managing receivables for our excess transportation business ensuring timely and accurate collection of premiums resolving broker account issues and maintaining clean receivables addition this role conducts premium audits by coordinating with insureds calculating audit premium and preparing audit results for underwriting review.
The position also offers the opportunity to grow into more advanced accounting responsibilities as the employee demonstrates strong performance capability and professionalism.
Key functions include but are not limited to:
Accounts Receivable & Collections
- Monitor and manage aging of receivables; identify and prioritize accounts requiring followup.
- Respond to payment inquiries and resolve discrepancies promptly.
- Perform proactive collection outreach (email/phone) to brokers on pastdue balances and document all followup activity.
- Apply cash receipts accurately to policylevel receivables using the internal billing system; resolve misapplied or unidentified payments.
- Collaborate with underwriting on payment issues or cancellation notice processes when required.
- Reconcile receivable accounts and prepare aging analyses to support monthend close and management reporting.
- Prepare routine ARrelated journal entries and perform balance sheet account reconciliations as needed.
Premium Audit
- Initiate premium audit requests to insureds after policy expiration.
- Perform followups with insureds when audit information is incomplete inaccurate or overdue.
- Calculate final audit premium using internal formulas and automated templates.
- Prepare completed audit results and hand off to underwriting for review approval and billing.
- Track audit completion status monitor nonresponsive accounts and support efforts to reduce noncompliant audit rates.
Reporting & Analysis
- Maintain Excelbased aging reports audit tracking lists and followup schedules.
- Assist with AR reporting and provide visibility to leadership on delinquent accounts audit completion rates and collection trends.
- Perform reconciliations between receivables internal billing systems and the general ledger.
Qualifications
- Bachelors degree in accounting or similar
- 24 years of experience in accounts receivable collections or related financial operations.
- Strong verbal and written communication skills for engaging with brokers and insureds.
- General technology proficiency including the ability to learn and work effectively within enterprise financial systems (e.g. Oracle/PeopleSoft general ledger) and the internally developed billing platform.
- Proficiency in Microsoft Excel (aging management reconciliations basic formulas).
- Ability to analyze financial data research discrepancies and resolve issues independently.
- Strong organizational skills with the ability to manage multiple followups and deadlines
Additional Company Details
The company offers a competitive compensation plan and robust benefits package for full time regular employees which for this role include:
Base Salary Range: $60000 - $90000 (DOE)
Eligible to participate in annual discretionary bonus.
Benefits: Health Dental Vision Life Disability Wellness Paid Time Off 401(k) and Profit-Sharing plans.
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
Key Skills
- Sales Experience
- Crane
- Customer Service
- Communication skills
- Heavy Equipment Operation
- Microsoft Word
- Case Management
- OSHA
- Team Management
- Catheterization
- Microsoft Outlook Calendar
- EHS
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.
