Berkley - Westbrook, ME

posted 3 months ago

Full-time
Westbrook, ME
Administrative and Support Services

About the position

The Accounts Receivable Technician at Acadia Insurance plays a crucial role in managing the premium accounts receivable for the company. This position involves a variety of accounting and customer service duties that are essential for maintaining the financial integrity of the organization. The technician will be responsible for billing, collecting, reviewing, researching, and reconciling accounts, ensuring that all transactions are accurately recorded and processed in a timely manner. The role requires a strong attention to detail and the ability to handle multiple tasks efficiently in a fast-paced environment. Key functions of the position include learning to inquire on and enter data into accounts receivable systems, as well as other systems as needed. The technician will post cash receipts and review customer account statements, which may involve audits, cancellations, rescinded items, and final notices. Proficiency in the requirements of various states is essential, as is the ability to assist in maintaining information for policies/accounts paid via Electronic Fund Transfer (EFT). The technician will also be responsible for responding to inquiries and complaints from insured parties, agents, and underwriters, both in written and oral forms. Maintaining well-documented files and reports for agency and direct bill information is a critical aspect of the job. The technician will ensure timely and accurate collections of payments, daily reconciliations of cash, and reviews of the Lockbox file. Additionally, the role involves monitoring premiums that are over 90 days past due, processing requests for premium refunds and commission adjustments, and recommending payment arrangements in consultation with supervisors or managers. The technician will also participate in system testing and implementation efforts, contributing to the overall efficiency and effectiveness of the accounts receivable process.

Responsibilities

  • Perform accounting and customer service duties for premium accounts receivable.
  • Learn to inquire on and enter data into accounts receivable systems.
  • Post cash receipts and review customer account statements.
  • Verify audits, cancellations, rescinded items, and final notices.
  • Assist in maintaining information for policies/accounts paid via Electronic Fund Transfer.
  • Respond to inquiries and complaints from insured, agents, and underwriting.
  • Maintain orderly, well-documented files and reports for agency and direct bill information.
  • Handle print notices to customers and ensure timely collections of payments.
  • Conduct daily reconciliations of cash and reviews of the Lockbox file.
  • Setup requests for EFT/ACH transactions and manage 'Insufficient Funds' payments.
  • Bill and review past due audits and earned premium on cancelled/expired policies.
  • Monitor and report on premiums over 90 days past due.
  • Review and process requests for premium refunds and commission adjustments.
  • Recommend payment arrangements in consultation with a supervisor or manager.
  • Refer past due accounts to a supervisor or manager for possible transfer to collection agencies.
  • Assist in monitoring and reporting on collection agency activities.
  • Participate in system testing and implementation efforts.
  • Perform other duties as requested by a supervisor or manager.

Requirements

  • High school diploma or general education degree (GED).
  • Bachelor's degree in Accounting or Business is a plus.
  • 3+ years of job-related experience in receivables.
  • Strong customer service skills.
  • Strong knowledge of Microsoft Excel.
  • Insurance industry knowledge is a plus.
  • Excellent analytical skills and ability to research and resolve issues quickly and independently.
  • Ability to effectively communicate both in writing and verbally, internally and externally.
  • Ability to work in a fast-paced environment with competing demands on resources, time, and priorities.

Nice-to-haves

  • Bachelor's degree in Accounting or Business is a plus.
  • Insurance industry knowledge is a plus.

Benefits

  • Competitive compensation plan.
  • Robust benefits package for full-time regular employees.
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