What are the responsibilities and job description for the Direct Bill Analyst position at World Insurance Associates, LLC.?
Summary
World Insurance Associates is a unique insurance organization offering top products and services from major providers, combined with attentive service from local agents.
Founded in 2011, World is the second fastest-growing insurance broker in the U.S. We specialize in personal and commercial insurance lines, surety and bonding, employee benefits, financial and retirement services, and human capital management solutions
Position Overview
- Role and Responsibilities
- This position is responsible for receipting agency ACH bank deposits and moving direct bill commissions to World’s bank account.
- Responsible for timely, accurate and complete receipting of Agency Direct Bill Commissions from conversion to Epic until the bank account closes.
- Monitor new acquisition’s conversion to Epic and prepare for receipting to begin on designated date.
- Understand Agency GL account numbers and confirm agency has the information needed to begin weekly reporting.
- Determine who will be submitting weekly deposit information and maintain a contact list for all open bank accounts.
- Confirm that weekly reporting begins on time and continues weekly. Contact agency if not received.
- Verify all deposits have been receipted by comparing entries in Epic to the month end bank statement.
- Request a bank statement from the agency if not received by 5th of the following month and save to share drive in Epic.
- Responsible for monitoring agency direct bill ACH deposits and communicating bank/mailing changes to the carrier.
- Obtain carrier producer codes for agency converting to Epic.
- Begin moving ACH deposits after Accounting Conversion Call.
- Develop tracking method for ACH deposits and change requests.
- Follow up timely if change request not completed by carrier.
- Monitor paper checks being received at agency and communicate mailing address change to World.
- Communicate progress to agency owner monthly and Accounting team weekly.
- Maintain carrier contact list with notes on how to change bank account.
- Trace deposits to WIA bank to ensure transfer is complete
- Support agencies when investigating commission statements
- Work well with Licensing to obtain required information to complete bank change.
Equal Employment Opportunity
At World Insurance Associates (WIA), we celebrate and support our differences. We know employing a team rich in diverse thoughts, experiences, and opinions allows our employees, our products, and our community to flourish. WIA is honored to be an equal opportunity workplace. We are dedicated to equal employment opportunities regardless of race, color, ancestry, religion, sex, national orientation, age, citizenship, marital status, disability, gender identity, sexual orientation, or Veteran status. In addition, WIA makes reasonable accommodations to known physical or mental limitations of an otherwise qualified applicant or employee with a disability, unless the accommodation would impose an undue hardship on the operation of our business.