Premium Accounting Coordinator
Ryan Specialty
full-time
Posted on:
Location Type: Hybrid
Location: Melville • Kentucky • Missouri • United States
Visit company websiteExplore more
Salary
💰 $24 - $30 per hour
Job Level
About the role
- 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.
Requirements
- Bachelor’s degree required; Finance, Accounting and Business Administration, preferred
- 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 and more
Applicant Tracking System Keywords
Tip: use these terms in your resume and cover letter to boost ATS matches.
Hard skills
premium accountingfinancial analysisdata entryreconciliationinvoice generationreport generationdiscrepancy investigationpolicy issuanceworkflow optimizationautomation
Soft skills
attention to detailorganizational skillscommunication skillsproblem-solvingteam collaboration