Accounting Associate handling multiple clients' financial transactions in the Logistics Industry. Involves accounts payable, receivable, and complex reconciliations across multiple accounts.
About the role
- Premium Accounting Coordinator handling premium invoicing and payment processing for policyholders in insurance sector. ensuring compliance with underwriting guidelines and managing premium accounting 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.
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
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