Premium Accounting Specialist

The Role The Premium Accounting Specialist role is primarily responsible for managing receivables for direct delegated agreements. This involves reviewing the Canopius US Insurance Inc. (CUSI) premium trust account for remittances received, ensuring remittances tie to supporting paid premium bordereaux, processing paid premium bordereaux via OWIT Global BDX-Central, reviewing past‑due balances, and working with MGA’s to resolve outstanding amounts due. Responsibilities Monitor the CUSI Premium Trust Account Review the premium trust account regularly for remittances received. Ensure that the remittance total matches the total net amount due on the corresponding paid premium bordereaux for direct agreements. Ensure that the remittance total matches the total net amount due (assumed premium less losses) for assumed agreements. Follow up with appropriate MGA or reinsurance broker contact to resolve discrepancies between remittance and remittance detail. Follow up with MGA’s and/or reinsurance brokers for remittances not received by the due date. Process Payments Process all paid premium bordereaux via OWIT Global BDX-Central prior to closing each month. Manage Accounts Receivable Balances Continuously monitor aging of receivables, including unapplied payments and suspense payments, and engage with appropriate accounting contacts to address past‑due balances. Escalate collection issues to the appropriate underwriter to pursue collections when necessary. Work with the Data Operations team to resolve risk transaction reporting issues that may be identified as past‑due credit or debit balances in aged receivables, unapplied payments and suspense payments. Process write‑offs as appropriate within authority for balances that are deemed uncollectable. Support the Month‑End Closing Process Produce a monthly bank reconciliation to detail changes in balance comparing the beginning and ending of each accounting period. Request premium disbursements (refunds) as necessary. Skills and Experience 2+ years of insurance accounting experience. Knowledge of insurance policy administration and billing/accounting systems is a plus. Math and bookkeeping skills. Microsoft Excel skills. Ability to work in a team environment. Strong customer service, interpersonal, and communication skills. Strong research and analytical skills. Ability to effectively prioritize daily work and handle multiple priorities. Ability to acclimate quickly to new systems. Ability to deal with time pressures and build relationships with underwriters and brokers. Salary Range: $50,000 - $70,000 #J-18808-Ljbffr