What are the responsibilities and job description for the Receivables Management Associate position at Arch Capital Group Ltd.?
With a company culture rooted in collaboration, expertise and innovation, we aim to promote progress and inspire our clients, employees, investors and communities to achieve their greatest potential. Our work is the catalyst that helps others achieve their goals. In short, We Enable Possibility℠.
RESPONSIBILITIES AND ACCOUNTABILITIES
- Communicating outstanding premium balances to brokers
- Issuing cancellation notices for non-payment of premium
- Creation, printing, and mailing of regulatory documents
- Reconciliation of outstanding balances
- Troubleshoot discrepancies involving premium, commission and payment differences
- Requesting disbursements for return premium balances
- Unapplied cash resolution
- Maintain proper account of collection efforts
- Work to clarify the resulting final audit and remove any doubt the insured may have disputing the amount owed
- Provide Collection Agency Support preparing and submitting account documentation necessary for direct collection
- Provide Legal Support by compiling account documentation necessary for litigation
- Assist with various collection activities, projects, and processes, as necessary
REQUIRED SKILLS AND ABILITIES
- Excellent written and verbal communication
- Strong mathematical and analytical skills
- Strong interpersonal and organizational skills
- Ability to multi-task and prioritize work
- Must be detail-oriented and have the ability to adapt to change
DESIRED SKILLS AND ABILITIES
- Understanding of Insurance and Accounting are a plus
EDUCATION/EXPERIENCE
- High School Diploma required; bachelor’s degree – preferably in Business, Accounting, or Finance, preferred
- Minimum 1-3 years of clerical/office experience required; 1 year Billing and Collections, Insurance Operations, or Accounts Receivable experience preferred
- Advanced knowledge of Microsoft Office Products – Excel, Word, and PowerPoint
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