Accounting Specialist – Morris Plains, NJ
Job ID: 2012218
Job Title: Accounting Specialist
Location: Morris Plains, NJ
Employment Type: Full-Time (Hybrid)
This role is responsible to record cash, respond to inquiries and collections for Vertical co-insurers, monthly billing of bordereau and/or revolving funds, reporting or exhibits required by Management and Underwriters. Further responsibilities are listed below:
• Daily entry of cash to Receivable System:
o Clear receivables
o Post advances received on specific claims, notify claims department of funds received
o Release payments on Slow Pay queue where applicable
o Post revolving funds received on specific policies
• Answer co-insurers’ inquiries with reference to the bordereau or problems regarding Vertical Line accounts
• Create monthly bordereau billings and revolving fund billings to co-insurers
• Send refund checks on overpayments, credits due on Bordereau and adjustment of funds requested
• Receivables reporting to meet other department’s special requests
• Revolving fund analysis and recommendations made monthly for upcoming policy renewals
• Complete corrections for out of balance accounts when monthly reconciliations, of General Ledger to Vertical System balances, are presented
Qualifications
Education:
• Minimum of an Associate’s degree in Accounting or Finance. A four-year college degree in Accounting or Finance a plus.
Skills/Experience:
Required:
• 2-4 years of Accounts Receivable experience.
• P&C Insurance accounting and/or understanding of Insurance financial concepts and data a plus.
• General understanding of Accounting Principles and processes.
• Strong mathematical and problem-solving skills and the ability to resolve billing, collections, allocation and data issues.
• Strong analytical and accounting skills.
• Must demonstrate an orientation to results, ownership and accountability of tasks and deliverables.
• Ability to collaborate with a diverse group of constituents, both internal and external and prioritize tasks.
• Integrity and dedication a must. Enthusiastic self-starter.
• Proficiency in Microsoft Office (Excel, Word, and Outlook)
• Team player as well as ability to work independently
• Excellent interpersonal and communication skills both written and oral.
Please send your resume to ushumanresources@global-aero.com with the subject line of XWEB-2012218.