What are the responsibilities and job description for the Accounting Technician position at Berkley?
Company Details
Responsibilities
Staff level book keeping position performing duties related mostly to premium receivable and accounts payable processes and limited assistance to general accounting functions. This position is expected to operate with a minimum level of supervision, is expected to problem solve, interact and communicate with outside customers (i.e. premium receivables) and interact directly with the business units we support.
Areas of concentration include direct billing and collecting utilizing FAB, accounts payable utilizing PeopleSoft, general journal entries using PeopleSoft, and cash flow monitoring. All functions focus on accurate and timely completion that is determined on a day to day basis. This is dependent on the volume of receivable activity (i.e. applying cash, taking phone calls, processing claim checks, etc.)
- Premiums Receivable (100% of time). Utilizing the FAB system:
- Apply cash received to insured’s accounts; follow up with insureds/agents regarding any discrepancies between billed and received amounts; inform business unit management of developing collection problems while they can still be contained;
- Process refunds resulting from endorsements, cancellations, etc; verify refunds are due and discuss with business unit management prior to processing;
- Reconcile FAB to the general ledger, and contact insureds and agents regarding overdue receivables.
- Manage the aging receivables to ensure any over-due items are resolved
- Monitor daily cash flow and prepare cash flow report.
- Prepare General Journal Entries that relate to the cash inflows received daily
- Active pursuit of continuous process improvement and progress measurement (metrics);
- Other duties as assigned.
Qualifications
- Prior experience (2-5 years) in Accounts Receivable Department (Insurance company experience a plus)
- Strong interpersonal skills
- Some prior experience in accounts payable or general accounting
- Good Excel skills
- Some college
Additional Company Details
The Company is an equal employment opportunity employer.Additional Requirements
COVID-19 vaccine required unless prohibited by law.