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Collections Analyst

US-NJ-Jersey City
Job ID
2017-1479
# of Openings
1
Category
Finance

Overview

 

Responsibilities

Position Description:

As a Collections Analyst, you will work in the Premium Accounting Group. Collections Analysts are responsible for the analyzing of policy premium balances and the timely collection of outstanding premiums.

 

Daily responsibilities will include:

 

  • Communicating outstanding premium balances to brokers
  • Issuing cancellation notices for non-payment of premium
  • Reconciliation of outstanding balances
  • Troubleshoot discrepancies involving premium, commission and payment differences
  • Requesting disbursements for return premium balances
  • Unapplied cash resolution
  • Direct Collection of outstanding final audit balances to insureds
  • Maintain proper account of collection efforts
  • Work to clarify the resulting final audit and remove any doubt the insured may have disputing the amount owed
  • Provide Collection Agency Support preparing and submitting account documentation necessary for direct collection
  • Provide Legal Support by compiling account documentation necessary for litigation
  • Special projects as assigned

Qualifications

Education & Experience:

  • Bachelor’s degree – preferably in Accounting or Finance
  • 2-4 years Insurance experience preferably finance, collections or premium audit collections
  • Advanced knowledge of Microsoft Office products
  • Strong reconciliation skills
  • Strong analytical and business problem solving skills
  • Excellent written and verbal communication skills
  • Ability to work well independently and as part of a team
  • Ability to work on several tasks simultaneously
  • Attention to detail

 

 

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