Collections Analyst - Resource Informatics Group
Jersey City, NJ 75039
About the Job
Role: Collections Analyst
Location: Jersey City, NJ
Duration: 5 months
Hybrid (2 days in the office)
This is a MUST:
POSITION SUMMARY
RESPONSIBILITIES
EXPERIENCE/EDUCATION/CREDENTIALS
COMPETENCIES AND SKILLS
Location: Jersey City, NJ
Duration: 5 months
Hybrid (2 days in the office)
This is a MUST:
- 4 + years Insurance experience preferably finance, collections or premium audit collections.
- Need Insurance Industry Experience
POSITION SUMMARY
- The Collections Analyst will be responsible for analysing policy premium balances and the timely collection of outstanding premiums within our Alternative Market Finance Team.
- In this position, you will be assigned a group of captive accounts to manage.
- This role will have interactions with Program Administrators, Brokers, Insureds, Underwriters and other members of the finance team.
RESPONSIBILITIES
- Communicating outstanding premium balances to brokers
- Issuing cancellation notices for non-payment of premium
- Reconciliation of outstanding balances
- Troubleshoot discrepancies involving premium, commission and payment differences
- Requesting disbursements for return premium balances
- Unapplied cash resolution
- Direct Collection of outstanding final audit balances to insureds
- Maintain proper account of collection efforts
- Work to clarify the resulting final audit and remove any doubt the insured may have disputing the amount owed
- Provide Collection Agency Support preparing and submitting account documentation necessary for direct collection
- Provide Legal Support by compiling account documentation necessary for litigation
- Special projects and system user acceptance testing as needed
EXPERIENCE/EDUCATION/CREDENTIALS
- Bachelor's degree – preferably in Accounting or Finance
- 4 years Insurance experience preferably finance, collections or premium audit collections
- Advanced knowledge of Microsoft Office products
- Experience with Cognos, Power BI, Great Plains, or Alteryx are a plus
COMPETENCIES AND SKILLS
- Strong reconciliation, analytical and business problem solving skills
- Strong interpersonal and organizational skills
- Excellent written and verbal communication skills
- Ability to work well independently and as part of a team
- Ability to work on several tasks simultaneously
- Attention to detail
- Understanding of Captives and/or Reinsurance business are a plus.
Source : Resource Informatics Group