Description
WHO WE ARE
Relation Insurance is a leading, innovative company with a strong commitment to excellence and a passion for delivering cutting-edge solutions to our clients. As a key player in the insurance market, we pride ourselves on our dynamic culture, collaborative environment, and continuous drive for success. With a rich history and a bright future ahead, we are looking for exceptional individuals to join our team and contribute to our ongoing growth and success.
WHAT WE’RE LOOKING FOR
The Premium Accountant is responsible for submitting payments to insurance carriers in an accurate and timely manner. In addition, this position will be responsible for assisting in the auditing of client transactions to ensure correct payment streams, collaborating with the Account Managers to research and respond to discrepancies with carrier statements and invoicing and identifying opportunities to improve workflow process and procedures. The Premium Accountant must communicate effectively with carriers to ensure minimal corporate financial risk related to payments, create monthly accounts payable reports, develop action plans, collaborate with to the Agency Bill Manager and train new employees on Relation’s accounting processes and procedures.
A GLIMPSE INTO YOUR DAY
- Reviews all invoices for appropriate documentation and approval prior to payment.
- Matches invoices to checks, obtain all signatures for checks and distribute checks accordingly.
- Responds to all CSR/Company inquiries.
- Processes refunds of premium and correspondence relating to refunds.
- Reconciles carrier statements, researches and corrects discrepancies.
- Partners with month end closing.
- Maintains files and documentation thoroughly and accurately, in accordance with company policy and accepted accounting practices.
- Oversees Trust Bank Accounts.
- Completes bank reconciliations.
- Creates and maintains correspondence for the payment of administrative fees, commissions, access fees and overpayments.
- Is responsible for making sure that premium is handled in a smooth, timely manner from when it is received for processing to the booking and closing of transmittals.
- Serves as back-up for premium allocation systems.
- Special projects and other duties as assigned.
Requirements
WHAT SUCCESS LOOKS LIKE IN THIS ROLE
- Highschool diploma or equivalent required.
- Minimum 2 years finance and accounting experience.
- Intermediate to advanced knowledge of accounting rules, regulations, policies and procedures reflective of the financial service industry.
- Working knowledge of Microsoft applications, specifically Word and Excel.
- Working knowledge of rules and regulations associated with HIPAA.
- Advanced analytical and mathematical skills.
- Advanced interpersonal skills; strong oral and written communication.
- Willingness to adhere to all principles of confidentiality.
- Ability to work independently and on a team.
WHY CHOOSE RELATION?
- Competitive pay.
- A safe and healthy work environment provided by our robust benefit program including family health and wellness programs, 401K, employee assistance programs, paid time off, paid holidays and more.
- Career advancement and development opportunities.
Note: The above is not all encompassing of the full position description.
Relation Insurance Inc. provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws. This applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation, and training.
The wage range for this role takes into account the wide range of factors that are considered in making compensation decisions including but not limited to skill sets; experience and training; licensure and certifications; and other business and organizational needs. The disclosed range estimate has not been adjusted for the applicable geographic differential associated with the location at which the position may be filled. At Relation, it is not typical for an individual to be hired at or near the top of the range for their role and compensation decisions are dependent on the facts and circumstances of each case. A reasonable estimate of the current range is presented within this posting.
You may also be eligible to participate in a discretionary annual incentive program, subject to the rules governing the program, whereby an award, if any, depends on various factors, including, without limitation, individual and organizational performance.