[Remote] Premium Accounting Coordinator
Note: The job is a remote job and is open to candidates in USA. Ryan Specialty is a company dedicated to providing comprehensive insurance solutions, and they are seeking a Premium Accounting Coordinator. This role is responsible for generating premium invoices, processing payments, and ensuring adherence to underwriting guidelines, while also supporting audits and managing premium-related financial transactions.
Responsibilities
- Assists in the management and analysis of premium-related financial transactions and compiles relevant coverage and financial documents
- Generates premium invoices for policyholders based on policy terms and coverage and ensures accuracy in premium calculations and adherence to underwriting guidelines
- Receives premium payments from policyholders, generates reports on premium collections, outstanding balances, aging receivables and follows up on overdue accounts
- Maintains accurate and up-to-date records of policyholder information, premiums, and payments in the company's database or management system
- Supports the team to review records and client data in systems and handles inquiries from policyholders regarding premium invoices and billing discrepancies
- Reconciles premium payments received from policyholders with the policy records in the company's database to ensure accuracy and identifies any discrepancies
- Identifies and investigates discrepancies or irregularities in premium accounting records and take appropriate corrective actions
- Carries out administrative tasks such as data entry, policy issuance, and modifies policy information while ensuring alignment with industry standards and regulations
- Identifies opportunities to improve efficiency and effectiveness in premium accounting processes, such as automation, system enhancements, or workflow optimizations
- Assists with internal and external audits by providing documentation, reconciliations, and explanations related to premium accounting activities
Skills
- Bachelor's degree required; Finance, Accounting and Business Administration, preferred. Any other related discipline or commensurate work experience considered
- Minimum of 6 months of experience in premium accounting or accounting in the Insurance Industry is preferred
Benefits
- Paid time off for company holidays
- Vacation
- Sick and personal days
- Paid parental leave
- Mental health services
Company Overview
Company H1B Sponsorship