What are the responsibilities and job description for the Accounts Receivable Specialist (Fully Remote) position at NIP Group, Inc.?
Position Description: Who We Are
NIP Group www.nipgroup.com is a rapidly growing insurance service provider of specialty programs for commercial insurance brokers and carriers providing underwriting, distribution, product management, administration, and risk management services primarily by acting as a managing underwriter (MGA) and a Reciprocal Services Manager (RSM).
Our culture is one that empowers and encourages employees to be innovative, collaborative, and forward-thinking. If you are interested in being a part of a growing, entrepreneurial spirited organization, wed love to hear from you!
About the Position
Come join our growing team! The Renewal Underwriter is such a unique and meaningful role - it really takes the right person who is excited about helping business owners and their insurance agents & brokers find the best insurance program. We are looking for a growth minded individual who is passionate about servicing a book of business primarily of renewal accounts for all property and casualty lines for the LandPro/TreePro programs.
What You'll Do
Accurately process all cash receipts from the bank and post daily to broker/client accounts in a high volume, fact paced environment.
These include, but are not limited to, sorting lock box receipts, managing incoming wires & ACHs, processing incoming remote check deposits, and processing incoming E-pay transactions (credit card payments and/or ACHs).
Balance receipts and reconcile daily work batches to ensure accurate audit trail.
Perform detailed A/R research, analysis and problem solving as related to unapplied cash receipts, refunds, and account reconciliation.
Process, prepare and approve refunds (return premium) and trust transfers (as applicable) while compiling the necessary back up to complete these tasks.
Assist the Assistant Controller with research projects.
Assist the Assistant Controller with daily cash receipts auditing and monitoring.
Recognize and immediately report any cash receipts, billing, collection, or accounts payable items that could impact the Accounts Receivable department.
Process accounts receivable write-offs, reversals, and reallocations, as necessary.
Answer inquiries received internally or externally from brokers or policyholders, manage the A/R call line, A/R email and forward inquiries to the appropriate departments (as necessary).
Follow up with brokers and/or customers via email or telephone call on overdue AR balances in conjunction with companys collection policy.
Coordinate with operations department to identify and research open receivable items.
Review bank reconciliation for premium trust account and clear open reconciling items.
On a monthly basis, create monthly broker commission payment batch file.
Once file is approved by Assistant Controller, generate monthly broker commission checks and ACH payment feed
What Were Looking For
Education
High School Diploma
Associate Degree or Some College course work, preferably in Accounting and Finance.
Experience
Minimum 3 years experience in the insurance or financial services industry(preferred) or related accounts receivable experience.
Experience with Applied Epic (preferred) or related accounting software.
Competencies
Intermediate experience with MS Office.
Advanced skills in Word and Excel are required.
NIP Group www.nipgroup.com is a rapidly growing insurance service provider of specialty programs for commercial insurance brokers and carriers providing underwriting, distribution, product management, administration, and risk management services primarily by acting as a managing underwriter (MGA) and a Reciprocal Services Manager (RSM).
Our culture is one that empowers and encourages employees to be innovative, collaborative, and forward-thinking. If you are interested in being a part of a growing, entrepreneurial spirited organization, wed love to hear from you!
About the Position
Come join our growing team! The Renewal Underwriter is such a unique and meaningful role - it really takes the right person who is excited about helping business owners and their insurance agents & brokers find the best insurance program. We are looking for a growth minded individual who is passionate about servicing a book of business primarily of renewal accounts for all property and casualty lines for the LandPro/TreePro programs.
What You'll Do
Accurately process all cash receipts from the bank and post daily to broker/client accounts in a high volume, fact paced environment.
These include, but are not limited to, sorting lock box receipts, managing incoming wires & ACHs, processing incoming remote check deposits, and processing incoming E-pay transactions (credit card payments and/or ACHs).
Balance receipts and reconcile daily work batches to ensure accurate audit trail.
Perform detailed A/R research, analysis and problem solving as related to unapplied cash receipts, refunds, and account reconciliation.
Process, prepare and approve refunds (return premium) and trust transfers (as applicable) while compiling the necessary back up to complete these tasks.
Assist the Assistant Controller with research projects.
Assist the Assistant Controller with daily cash receipts auditing and monitoring.
Recognize and immediately report any cash receipts, billing, collection, or accounts payable items that could impact the Accounts Receivable department.
Process accounts receivable write-offs, reversals, and reallocations, as necessary.
Answer inquiries received internally or externally from brokers or policyholders, manage the A/R call line, A/R email and forward inquiries to the appropriate departments (as necessary).
Follow up with brokers and/or customers via email or telephone call on overdue AR balances in conjunction with companys collection policy.
Coordinate with operations department to identify and research open receivable items.
Review bank reconciliation for premium trust account and clear open reconciling items.
On a monthly basis, create monthly broker commission payment batch file.
Once file is approved by Assistant Controller, generate monthly broker commission checks and ACH payment feed
What Were Looking For
Education
High School Diploma
Associate Degree or Some College course work, preferably in Accounting and Finance.
Experience
Minimum 3 years experience in the insurance or financial services industry(preferred) or related accounts receivable experience.
Experience with Applied Epic (preferred) or related accounting software.
Competencies
Intermediate experience with MS Office.
Advanced skills in Word and Excel are required.
Salary : $46,000 - $58,300
Accounts Receivable Specialist
DPK Consulting, LLC -
Edison, NJ