Accounting Technician
"Our Company provides a state of predictability which allows brokers and agents to act with confidence."
Founded in 1967, W. R. Berkley Corporation has grown from a small investment management firm into one of the largest commercial lines property and casualty insurers in the United States.
Along the way, we’ve been listed on the New York Stock Exchange, seen our revenue soar well past $7 billion, and become a well-respected Fortune 500 Company.
Today, the Berkley brand comprises 53 Berkley companies worldwide. Still managed by our Executive Chairman, founder and largest shareholder, W. R. Berkley Corporation is well-positioned to respond to opportunities for future growth.
In April 2017, W. R. Berkley Corporation celebrated the 50th anniversary of its founding.
Responsibilities
Staff level book keeping position performing duties related mostly to premium receivable and accounts payable processes and limited assistance to general accounting functions. This position is expected to operate with a minimum level of supervision, is expected to problem solve, interact and communicate with outside customers (i.e. premium receivables) and interact directly with the business units we support.
Areas of concentration include direct billing and collecting utilizing FAB, accounts payable utilizing PeopleSoft, general journal entries using PeopleSoft, and cash flow monitoring. All functions focus on accurate and timely completion that is determined on a day to day basis. This is dependent on the volume of receivable activity (i.e. applying cash, taking phone calls, processing claim checks, etc.)
• Premiums Receivable (100% of time). Utilizing the FAB system:
o Apply cash received to insured’s accounts; follow up with insureds/agents regarding any discrepancies between billed and received amounts; inform business unit management of developing collection problems while they can still be contained;
o Process refunds resulting from endorsements, cancellations, etc; verify refunds are due and discuss with business unit management prior to processing;
o Reconcile FAB to the general ledger, and contact insureds and agents regarding overdue receivables.
o Manage the aging receivables to ensure any over-due items are resolved
• Monitor daily cash flow and prepare cash flow report.
• Prepare General Journal Entries that relate to the cash inflows received daily
• Active pursuit of continuous process improvement and progress measurement (metrics);
• Other duties as assigned.
Qualifications
• Prior experience (2-5 years) in Accounts Receivable Department (Insurance company experience a plus)
• Strong interpersonal skills
• Some prior experience in accounts payable or general accounting
• Good Excel skills
Education Requirement
Some college
Additional Company Details
The Company is an equal employment opportunity employer.
Additional Requirements
Must be fully vaccinated and remain fully vaccinated against COVID-19. *, unless prohibited by law.