[Remote] Premium Accounting Coordinator

Note: The job is a remote job and is open to candidates in USA. Ryan Specialty is a company dedicated to providing comprehensive insurance solutions, and they are seeking a Premium Accounting Coordinator. This role is responsible for generating premium invoices, processing payments, and ensuring adherence to underwriting guidelines, while also supporting audits and managing premium-related financial transactions.

Responsibilities

• Assists in the management and analysis of premium-related financial transactions and compiles relevant coverage and financial documents
• Generates premium invoices for policyholders based on policy terms and coverage and ensures accuracy in premium calculations and adherence to underwriting guidelines
• Receives premium payments from policyholders, generates reports on premium collections, outstanding balances, aging receivables and follows up on overdue accounts
• Maintains accurate and up-to-date records of policyholder information, premiums, and payments in the company's database or management system
• Supports the team to review records and client data in systems and handles inquiries from policyholders regarding premium invoices and billing discrepancies
• Reconciles premium payments received from policyholders with the policy records in the company's database to ensure accuracy and identifies any discrepancies
• Identifies and investigates discrepancies or irregularities in premium accounting records and take appropriate corrective actions
• Carries out administrative tasks such as data entry, policy issuance, and modifies policy information while ensuring alignment with industry standards and regulations
• Identifies opportunities to improve efficiency and effectiveness in premium accounting processes, such as automation, system enhancements, or workflow optimizations
• Assists with internal and external audits by providing documentation, reconciliations, and explanations related to premium accounting activities

Skills

• Bachelor's degree required; Finance, Accounting and Business Administration, preferred. Any other related discipline or commensurate work experience considered
• Minimum of 6 months of experience in premium accounting or accounting in the Insurance Industry is preferred

Benefits

• Paid time off for company holidays
• Vacation
• Sick and personal days
• Paid parental leave
• Mental health services

Company Overview

Company H1B Sponsorship