Accounts Receivable Specialist

Position Purpose

Accurately and efficiently process all complex premium billing, collection, and lockbox functions.
Duties/Responsibilities

• Record in-bound checks daily. Balance and apply premiums through all the billing systems and all companies. Resolve discrepancies in entries to the premium clearing accounts.
• Audit daily and weekly premium clearing account reports to ensure that the proper entries for premiums and premium reversals are being made.
• Review EFT Billing Summary and assist in preparing general accounting entries.
• Analyze and provide loan and payment histories for clients and Home Office personnel.
• Balance and apply premiums received on group types and process the error reports.
• Process all returned draft checks and resolve any discrepancies with the bank and/or policyowner.
• Process all bank draft policy requests.
• Monitor all policies that are suspended and process manual bills or drafts if necessary.
• Investigate, analyze, and resolve any problems received from policyowners, agents, banks, groups and Company personnel regarding premium billings, premium payments, and loans. Compose intricate letters for clients and institutions for unusual and complex situations.
• Monitor and assist in the balancing and application of premiums received for all types of billing forms through the billing systems.
• Update banking information based on client requests, field incoming calls related to billing changes, questions, inquiries and credit card payments.
• Timely execution and accurate recording of in-bound checks, posting of premiums through any method received and communication to clients (internal/external) related to premium application.
• Assist Client Services in the processing of billing-related transactions and inquiries and other Client Services tasks as needed.

Qualifications:

• One to three years’ experience in Accounts Receivables.
• One to three years hands-on experience in recording in-bound checks and lockbox.
• Experience in configuring and using Microsoft Office tools (e.g., Excel, Access, etc.) to automate reconciliation activities and report issues and status to management.
• Experience in identifying, communicating, and clearing reconciling items on timely basis.
• Proficiency in the ability to communicate high-priority issues and the usage of e-mail, spreadsheets, web sites, and similar tools.
• High School diploma.
• Completion of LOMA 281 and 291 required within 12 months of hire date.

Job Type: Full-time

Benefits:

• 401(k)
• 401(k) matching
• Dental insurance
• Disability insurance
• Employee assistance program
• Employee discount
• Flexible spending account
• Health insurance
• Life insurance
• Paid time off
• Vision insurance

Experience:

• recording inbound checks: 1 year (Preferred)
• Accounts receivable: 1 year (Preferred)

Ability to Commute:

• Scottsdale, AZ 85255 (Preferred)

Work Location: Hybrid remote in Scottsdale, AZ 85255