Hybrid Premium Accounting Coordinator

Posted last week

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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

Job title

Premium Accounting Coordinator

Job type

Experience level

Junior

Salary

$24 - $30 per hour

Degree requirement

Bachelor's Degree

Location requirements

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