Insurance AR Specialist

23 hours ago


New York, New York, United States EPIC Insurance Brokers & Consultants Full time
Job Summary

We are seeking a highly skilled and detail-oriented Insurance AR Specialist to join our team at EPIC Insurance Brokers & Consultants. As an Insurance AR Specialist, you will be responsible for processing timely premium payments to insurance carriers, researching and resolving payable discrepancies, and collaborating with third-party administrators.

Key Responsibilities
  • Process timely premium payments to insurance carriers via checks, ACH, Wire, or online to avoid notices of cancellation.
  • Initiate Electronic Payments (ACH or Wire Transfers) to carriers through our preferred banking partner.
  • Research and resolve payable discrepancies (premium, commission, billing, etc.) with branch offices and/or insurance carriers.
  • Research and respond to a high volume of inquiries (email & phone calls) timely and appropriately.
  • Follow up for carrier invoices or statements through all necessary channels.
  • Apply or resolve return premium payments from insurance carriers.
  • Deposit funds to bank.
  • Post/allocate cash to client in agency management system.
  • Collaborate with third-party administrators, such as ReSource Pro/Patra, on integrated workflows.
  • Perform client account reconciliations as needed.
  • Answer Accounts Receivable questions.
  • Process client refunds or pass-through payments for clients.
  • Generate Accounts Receivable aging reports and distribute accordingly.
  • Work with Account Managers, Brokers, and Clients to collect premiums due.
  • Act as a backup for other Trust Accounting team members as needed.
  • File documents into our electronic filing system timely and accurately.
  • Other duties and projects as assigned.
Requirements
  • College degree required. Associates or Bachelors. Degree in Accounting or Finance preferred.
  • Minimal three years accounting experience. Insurance accounting experience strongly preferred.
  • Experience with AMS systems such as Sagitta, ImageRight, AMS 360 a plus.
Working Environment

The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. The noise level in the work environment is usually moderate. There is no or very limited exposure to physical risk.



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