RichmondVARecruiter Since 2001
the smart solution for Richmond jobs

Accounts Receivable Supervisor

Company: W.R. Berkley Corporation
Location: Glen Allen
Posted on: November 22, 2021

Job Description:

Company DetailsResponsibilitiesResponsible for overseeing and performing accounting duties for BMAG's premium accounts receivable department which include, but are not limited to, billing, collecting, reviewing, depositing, and reconciling premium and commission data. Provide supervisory support to direct reports, including goal setting, project management, training, and performance management. Core objectives are to ensure timely and accurate accounting of premium related payments and commissions, and provide excellent customer service to all policyholders, agents, underwriters and others.* Respond to insured, agent, and underwriting inquiries and/or complaints either in written or oral form.--- Review and process requests for premium refunds and commission adjustments.--- Approve payment arrangements in consultation with your staff and underwriting management as needed. --- Review past due accounts for possible transfer to third party collection agencies. Negotiate payment terms, and processes liens for collections when necessary. Oversee the monitoring and reporting of collection agency activities. --- Maintain orderly, well-documented files and reports for direct bill and agency bill information, as applicable.--- Be fully capable and proficient in both Direct Bill and Agency Bill customer service. --- Review and verify customer account statements, including audits, cancellations, rescinded items and final notices. Be proficient in the requirements of any and all states. --- Review and verify the accuracy of direct bill commission statements.--- Ensure timely and accurate: collection of payments, daily reconciliations of cash, daily reviews of the Lockbox file; setup requests for EFT/ACH transactions, and "Insufficient Funds" payments.--- Bill and review past due audits and earned premiums on cancelled/expired policies. Monitor and report on premiums over 30 days past due.--- Perform timely research and resolution of any and all discrepancies between agency account current statements and BMAG's statements; and the monthly reconciliation of differences between agencies' and BMAG's accounts.--- Communicate discrepancies and differences to agencies on a regular basis, and perform timely follow-ups.--- Monitor and report on premiums over 90 days past due, and review past due audits.--- Ensure timely and accurate collections of payments for agency bill accounts; and setup requests for EFT/ACH transactions, if applicable.--- Have current working knowledge of all duties and tasks under your purview (direct report back up), cross train often and stay abreast of industry/WRBC billing and finance processes/proceduresQualificationsHigh School Diploma/GED required, with additional college education desired. A minimum of 4 years related accounting and/or accounts receivable experience. General knowledge of accounting concepts, math, receivable/accounting systems, Excel and Word software.Additional Company DetailsThe Company is an equal employment opportunity employer.Additional RequirementsMust be fully vaccinated and remain fully vaccinated against COVID-19. Responsibilities Responsible for overseeing and performing accounting duties for BMAG's premium accounts receivable department which include, but are not limited to, billing, collecting, reviewing, depositing, and reconciling premium and commission data. Provide supervisory support to direct reports, including goal setting, project management, training, and performance management. Core objectives are to ensure timely and accurate accounting of premium related payments and commissions, and provide excellent customer service to all policyholders, agents, underwriters and others. --- Respond to insured, agent, and underwriting inquiries and/or complaints either in written or oral form. --- Review and process requests for premium refunds and commission adjustments. --- Approve payment arrangements in consultation with your staff and underwriting management as needed. --- Review past due accounts for possible transfer to third party collection agencies. Negotiate payment terms, and processes liens for collections when necessary. Oversee the monitoring and reporting of collection agency activities. --- Maintain orderly, well-documented files and reports for direct bill and agency bill information, as applicable. --- Be fully capable and proficient in both Direct Bill and Agency Bill customer service. --- Review and verify customer account statements, including audits, cancellations, rescinded items and final notices. Be proficient in the requirements of any and all states. --- Review and verify the accuracy of direct bill commission statements. --- Ensure timely and accurate: collection of payments, daily reconciliations of cash, daily reviews of the Lockbox file; setup requests for EFT/ACH transactions, and "Insufficient Funds" payments. --- Bill and review past due audits and earned premiums on cancelled/expired policies. Monitor and report on premiums over 30 days past due. --- Perform timely research and resolution of any and all discrepancies between agency account current statements and BMAG's statements; and the monthly reconciliation of differences between agencies' and BMAG's accounts. --- Communicate discrepancies and differences to agencies on a regular basis, and perform timely follow-ups. --- Monitor and report on premiums over 90 days past due, and review past due audits. --- Ensure timely and accurate collections of payments for agency bill accounts; and setup requests for EFT/ACH transactions, if applicable. --- Have current working knowledge of all duties and tasks under your purview (direct report back up), cross train often and stay abreast of industry/WRBC billing and finance processes/procedures

Keywords: W.R. Berkley Corporation, Richmond , Accounts Receivable Supervisor, Other , Glen Allen, Virginia

Click here to apply!

Didn't find what you're looking for? Search again!

I'm looking for
in category
within


Log In or Create An Account

Get the latest Virginia jobs by following @recnetVA on Twitter!

Richmond RSS job feeds