Receivable Account Analyst

Recruiter
The Travelers Companies
Location
Hartford
Salary
Competitive
Posted
Jul 17, 2017
Closes
Jul 23, 2017
Industry
Accounting
Employer Type
Direct Employer
Employment Type
Permanent
Hours
Full Time
Primary Job Duties & Responsibilities

In this job, the incumbent is being trained and developing experience in: Review and interpretation of Loss Sensitive and Guaranteed Cost insurance legal agreements. Account setup in billing systems including all account information, formulas, calculations and bill presentation for all Guaranteed Cost, Retrospective, Deductible and Self-insured plan types. Achieve and consistently maintain established productivity and quality standards. The incumbent is being trained and developed in how to: Produce installment, paid loss, valuation and guaranteed cost audit billings within appropriate billing schedules to meet company and client needs. Produce claim data out of loss systems for all billings which support the billing exhibits produced. Reconcile and balance accounts assigned to the agreements made and the payments received from customers. Apply all payments received. Research discrepancies and process return and commission checks. Complete payment reconciliations. Collect amounts billed on assigned accounts. Analyze and assess disputes and issues related to accounts which are not paid in a timely fashion. Escalate account issues to Consultant in accordance with escalation guidelines. Document all collection problem issues and phone calls. Prepare clear and concise written correspondence on all disputed cases for potential use by attorney in future litigation. Develop strategy for collection of accounts. Discuss issues with Manager/Consultant as appropriate. Identify problematic accounts and develop a strategy to address the timeliness of incoming receivables. Ensure escrow amounts have been properly billed and collected. Manage the waiver process on assigned accounts. Analyze and provide recommendations for the waiver/deferral process. Work to resolve disputes with business partners to settle disagreements or answer questions related to claim, audit, RMIS and/or marketing issues. Coordinate efforts to improve the cash flow process for assigned accounts by working closely with business partners. Other duties as assigned.

Job Specific & Technical Skills & Competencies

Understanding of automated systems. Strong computer skills such as Excel, Word, databases, reporting. Strong customer service orientation. Demonstrated ability to work independently and in a team environment. Ability to balance timeliness and accuracy. Good organizational skills. Basic proficiency in : Delivering clear and concise verbal and written communication to all levels of the organization. Sharing information and maintaining the confidentiality of our customers. Listening and comprehending the needs of the business partners. Strong ability to multitask. Maintains a professional image. Basic knowledge of billing and loss reporting systems.

Job Summary

Under direct supervision, incumbents are responsible for managing routine accounts to include those with automated billing exhibits and invoicing, some manual invoicing and manual system charges, per claim charges and cash collateral. The assigned accounts are handled from the time the deal is sold and documented through the entire cash flow process. Resolves issues/disputes or escalates to the proper level. Responsible for the setup and preparation of billing packets, maintenance of assigned accounts, and proactively developing a strategy for servicing accounts and the collection of receivables. Provides quality customer service on all assigned accounts. Reconciles accounts to maintain financial integrity. This job does not lead others.

Education, Work Experience & Knowledge

College degree or equivalent work experience. Some banking, finance, accounting, billing experience. Exceptional communication and negotiation skills.

Physical Requirements

Operates standard office equipment (Frequently) Sitting (can stand at will) Continuously Use of Keyboards, Sporadic 10-Key Frequently

Minimum Qualifications

High school diploma required.Posted by StartWire