Associate Receivable Analyst - Commercial Insurance - Portsmouth, NH
Company Name:
Liberty Mutual
Title: Associate Receivable Analyst - Commercial Insurance - Portsmouth, NH
Location: NH-Portsmouth
Other Locations:
Advance your career at Liberty Mutual Insurance - A Fortune 100 Company!
Liberty Mutual Insurance is seeking candidates who are interested in launching a career with a Fortune 100 company! We''ll start you off right with comprehensive training, one-on-one mentoring, on-the-job training, a promote from within culture, and a strong pay-for-performance compensation structure.
As an Associate Receivables Analyst , you will perform billing and collection activities such as: preparing specialized billing exhibits, manual statement of accounts, account reconciliations, and collect outstanding balances by analyzing system output and monitoring customer payments. You will interact with internal and external customers to resolve account disputes. In addition, you will service customers, brokers and/or sales representatives through preparation, analysis and reconciliation of basic financial documents and reports.
Responsibilities:
Initiate billing plans using the customer''s plan and rate structure, payment mechanisms, premium information, and eligibility information
Prepare billing invoices and supporting documentation for assigned accounts based on the requirements and billing cycles; ensure billing information is accurate, complete, and delivered on time; follow up with Sales and Underwriting Units for timely billing instructions as evidenced by preliminary management report results.
Initiate the collection processes for each account, such as the electronic draw from the customer bank account or monthly draw from collateral account (pre-funding cash collateral payment plan)
Perform various accounting functions, including invoicing, analyzing customer payments, and managing the book and receivable account in an automated customer accounting system
Resolve billing and collection questions and disputes by analyzing financial information, work with internal departments to resolve premium booking discrepancies, negotiate extension of credit, etc; partner with market stakeholders to ensure the availability and integrity of all financial information to customers; create exhibits to support and summarize relevant account information
Reconcile balances to reflect activity (e.g., earned premium, loss expenses, vendor charges or rating adjustments), including loss sensitive plans, bank statements, and retrospective rating adjustments
Manage activities including negotiating, issuance of non-pay cancellations, and referring accounts to in-house attorney units.
Suggest changes and identify opportunities for improvement. May participate in the implementation of new processes, procedures and strategies that enhance SBU''s cost effectiveness and efficiency as a service provider.
Deliver prompt and professional service to both internal and external customers.
Qualifications:
0-2 years of professional experience
Bachelor''s degree with a minimum 3.0 cumulative GPA; additional requirements may apply
Major in Accounting, Finance, Economics or Business Management preferred
Must demonstrate analytical skills, critical thinking, negotiation skills, and financial acumen
Excellent written and verbal communication skills with a focus on providing high quality customer service
Working knowledge of Microsoft Office Suite
Well-organized, detail oriented, and able to manage multiple, concurrent objectives and activities
Understanding of insurance industry, GAAP accounting, state regulatory environments, rating plans as well as billing, collection, audit and booking processes is highly desired
Benefits:
We recognize that talented people are attracted to companies that provide competitive pay, comprehensive benefits packages and outstanding advancement opportunities. For this reason we offer a Comprehensive Benefits Plan that includes the following:
401K (company match) and Company paid pension plan
Medical coverage
Dental coverage
Paid time-off
Pay-for-Performance
Discounts on automobile and homeowner''s insurance
Discount fitness memberships
Flexible spending accounts
Tuition reimbursement
Vision care coverage
Work/Life resources
Credit Union membership
Employee and Dependent life insurance
Disability insurance
Accidental death & dismemberment insurance
Career advancement through our promote from within philosophy
Overview:
At Liberty Mutual Insurance, doing the right thing is essential. That''s why we offer a diverse range of internships and career opportunities that complement your academics, and provide experience through immediate responsibility and stimulating work.
You''ve made a significant investment in your education, and we want to do the same for your career. As a Fortune 100 company, we have the training and resources for you to expand your skills and creativity to drive our business forward. A diversified global insurer, LMI employs over 50,000 people in more than 900 offices worldwide.
Responsibility. What''s your policy?
Finance & AccountingEstimated Salary: $20 to $28 per hour based on qualifications.
Liberty Mutual
Title: Associate Receivable Analyst - Commercial Insurance - Portsmouth, NH
Location: NH-Portsmouth
Other Locations:
Advance your career at Liberty Mutual Insurance - A Fortune 100 Company!
Liberty Mutual Insurance is seeking candidates who are interested in launching a career with a Fortune 100 company! We''ll start you off right with comprehensive training, one-on-one mentoring, on-the-job training, a promote from within culture, and a strong pay-for-performance compensation structure.
As an Associate Receivables Analyst , you will perform billing and collection activities such as: preparing specialized billing exhibits, manual statement of accounts, account reconciliations, and collect outstanding balances by analyzing system output and monitoring customer payments. You will interact with internal and external customers to resolve account disputes. In addition, you will service customers, brokers and/or sales representatives through preparation, analysis and reconciliation of basic financial documents and reports.
Responsibilities:
Initiate billing plans using the customer''s plan and rate structure, payment mechanisms, premium information, and eligibility information
Prepare billing invoices and supporting documentation for assigned accounts based on the requirements and billing cycles; ensure billing information is accurate, complete, and delivered on time; follow up with Sales and Underwriting Units for timely billing instructions as evidenced by preliminary management report results.
Initiate the collection processes for each account, such as the electronic draw from the customer bank account or monthly draw from collateral account (pre-funding cash collateral payment plan)
Perform various accounting functions, including invoicing, analyzing customer payments, and managing the book and receivable account in an automated customer accounting system
Resolve billing and collection questions and disputes by analyzing financial information, work with internal departments to resolve premium booking discrepancies, negotiate extension of credit, etc; partner with market stakeholders to ensure the availability and integrity of all financial information to customers; create exhibits to support and summarize relevant account information
Reconcile balances to reflect activity (e.g., earned premium, loss expenses, vendor charges or rating adjustments), including loss sensitive plans, bank statements, and retrospective rating adjustments
Manage activities including negotiating, issuance of non-pay cancellations, and referring accounts to in-house attorney units.
Suggest changes and identify opportunities for improvement. May participate in the implementation of new processes, procedures and strategies that enhance SBU''s cost effectiveness and efficiency as a service provider.
Deliver prompt and professional service to both internal and external customers.
Qualifications:
0-2 years of professional experience
Bachelor''s degree with a minimum 3.0 cumulative GPA; additional requirements may apply
Major in Accounting, Finance, Economics or Business Management preferred
Must demonstrate analytical skills, critical thinking, negotiation skills, and financial acumen
Excellent written and verbal communication skills with a focus on providing high quality customer service
Working knowledge of Microsoft Office Suite
Well-organized, detail oriented, and able to manage multiple, concurrent objectives and activities
Understanding of insurance industry, GAAP accounting, state regulatory environments, rating plans as well as billing, collection, audit and booking processes is highly desired
Benefits:
We recognize that talented people are attracted to companies that provide competitive pay, comprehensive benefits packages and outstanding advancement opportunities. For this reason we offer a Comprehensive Benefits Plan that includes the following:
401K (company match) and Company paid pension plan
Medical coverage
Dental coverage
Paid time-off
Pay-for-Performance
Discounts on automobile and homeowner''s insurance
Discount fitness memberships
Flexible spending accounts
Tuition reimbursement
Vision care coverage
Work/Life resources
Credit Union membership
Employee and Dependent life insurance
Disability insurance
Accidental death & dismemberment insurance
Career advancement through our promote from within philosophy
Overview:
At Liberty Mutual Insurance, doing the right thing is essential. That''s why we offer a diverse range of internships and career opportunities that complement your academics, and provide experience through immediate responsibility and stimulating work.
You''ve made a significant investment in your education, and we want to do the same for your career. As a Fortune 100 company, we have the training and resources for you to expand your skills and creativity to drive our business forward. A diversified global insurer, LMI employs over 50,000 people in more than 900 offices worldwide.
Responsibility. What''s your policy?
Finance & AccountingEstimated Salary: $20 to $28 per hour based on qualifications.
|
|
 | |
