Accounts Receivable Specialist

Company Details

Verus Specialty Insurance is an Excess and Surplus Lines provider writing business countrywide, a member of W.R. Berkley Corporate (NYSE: WRB), one of the largest property casualty insurance holding companies in the United States. The resources and strength of a Fortune 500 company back us and we operate with the flexibility and closeness of a small underwriting company. As such, Verus Specialty Insurance operates through a group of wholesale producers nationwide.

Our leadership encourages a culture that empowers employees to question the status quo and seek innovative ways to continue to exceed the expectations of our customers. We believe our strength comes from building an exceptional team that embraces collaboration, growth and ownership. If you share our vision and want to work for an organization that values your contributions, we want to hear from you!

The Company is an equal employment opportunity employer.

https://www.verusins.com/

Responsibilities

Responsible for performing accounting duties for Verus premium accounts receivable and claims deductible which include, but are not limited to, billing, collecting, reviewing, and reconciling. Also provides administrative support at an entry level. Balance daily and month end accounts receivable. Under direction, investigate outstanding invoices and make collection efforts via calls or emails.

• Perform all of the duties of an Accounts Receivable Coordinator, as necessary or as assigned, including: data entry, review of accounts, and maintenance of Electronic Fund Transfer information-

• Respond to agent and underwriting inquiries and/or complaints either in written or oral form.

• Review and process requests for premium refunds.

• Recommend payment arrangements where applicable in consultation with a supervisor and/or manager.

• Refer appropriate past due accounts to a supervisor and/or manager for possible transfer to collection agencies. Assist in monitoring and reporting on collection agency activities.

• Maintain orderly, well documented files and reports for agency bill information.

• In addition to the above, be fully capable and proficient in Agency Bill customer service.

• Review and verify agency account statements, including audits, cancellations, rescinded items and final notices. Be proficient in the requirements of any and all states.

• Ensure timely and accurate: collections of payments, daily reconciliations of cash, daily reviews of the Lockbox file.

• Bill and review past due audits and earned premium 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 remittance statements and Verus statements.

• 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.

Qualifications

• High School Diploma/GED required.

• A minimum of 3 years related experience with Accounting/Insurance.

• General knowledge of accounting concepts, finance, math, and Excel spreadsheets.

#LI-FL1 #LI-HYBRID

Additional Company Details

We do not accept any unsolicited resumes from external recruiting firms. The company offers a competitive compensation plan and robust benefits package for full time regular employees. The actual salary for this position will be determined by a number of factors, including the scope, complexity and location of the role; the skills, education, training, credentials and experience of the candidate; and other conditions of employment.

Sponsorship Details

Sponsorship not Offered for this Role Responsibilities Responsible for performing accounting duties for Verus premium accounts receivable and claims deductible which include, but are not limited to, billing, collecting, reviewing, and reconciling. Also provides administrative support at an entry level. Balance daily and month end accounts receivable. Under direction, investigate outstanding invoices and make collection efforts via calls or emails.

• Perform all of the duties of an Accounts Receivable Coordinator, as necessary or as assigned, including: data entry, review of accounts, and maintenance of Electronic Fund Transfer information-

• Respond to agent and underwriting inquiries and/or complaints either in written or oral form.

• Review and process requests for premium refunds.

• Recommend payment arrangements where applicable in consultation with a supervisor and/or manager.

• Refer appropriate past due accounts to a supervisor and/or manager for possible transfer to collection agencies. Assist in monitoring and reporting on collection agency activities.

• Maintain orderly, well documented files and reports for agency bill information.

• In addition to the above, be fully capable and proficient in Agency Bill customer service.

• Review and verify agency account statements, including audits, cancellations, rescinded items and final notices. Be proficient in the requirements of any and all states.

• Ensure timely and accurate: collections of payments, daily reconciliations of cash, daily reviews of the Lockbox file.

• Bill and review past due audits and earned premium 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 remittance statements and Verus statements.

• 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.