Premium Accounting Manager

Job Description

Premium Accounting Manager

A leading insurance organization is seeking an experienced Premium Accounting Manager to oversee the day-to-day operations of its Premium Accounting and Cash Applications functions. This individual will play a key leadership role in ensuring the accurate and timely processing of insurance premiums carrier payments cash applications accounts receivable and related financial ideal candidate will have strong insurance accounting experience a solid understanding of agency billing and premium accounting and proven experience managing an accounting team.

Key Responsibilities

• Oversee the daily operations of the Premium Accounting and Cash Applications teams including carrier payables cash receipts and application of cash.

• Manage the timely and accurate payment of insurance carriers and brokers.

• Monitor accounts receivable collections and premium balances.

• Partner with Account Executives Producers and internal service teams regarding premium and payment inquiries.

• Distribute monthly client statements and follow up on outstanding balances.

• Monitor and manage premium advances collection activity and items referred for outside collections.

• Oversee legal collections processes related to outstanding premiums.

• Manage daily cash application activities including direct and agency-billed premiums.

• Oversee premium finance processes and related accounting functions.

• Review AR/AP balances and ensure they reconcile appropriately to the general ledger.

• Assist with external and internal audit requests related to AR/AP and premium accounting.

• Monitor customer advances payment plans and high-volume client reconciliations.

• Provide reporting and analysis related to premium receivables payables and producer commissions.

• Identify opportunities to improve workflows processes and internal controls.

• Partner with senior finance leadership on special projects and process improvement initiatives.

• Assign workloads establish priorities coordinate vacation and backup coverage and ensure financial deadlines are consistently met.

Qualifications

• Bachelors degree in Accounting Finance Business or a related field preferred.

• 7 years of experience in AR/AP or accounting operations including management experience.

• Insurance industry experience a plus.

• Strong understanding of insurance premiums commissions receivables payables and general ledger accounting.

• Experience with insurance agency billing strongly preferred.

• Experience with Applied Systems platforms such as EPIC or TAM is a plus.

• Strong proficiency with Microsoft Office particularly Excel.

• Demonstrated ability to lead and develop an accounting team.

• Solid understanding of internal controls and accounting processes.

Compensation: $110000$120000 base salary plus benefits.
Location: Woodbury NY

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Required Experience:

Manager