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Title : Collection Analyst
Location : Jersey City (Remote in USA)
Duration: 5+ Months
This is a MUST:
Must come from an Insurance Industry experience
Insurance experience preferably finance, collections or premium audit collections
POSITION SUMMARY
The Collections Analyst will be responsible for analyzing 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
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
Insurance industry
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