What are the responsibilities and job description for the Accounting Analyst - Billing & Collections (Morristown, NJ or Remote/Hybrid) position at Crum & Forster?
Crum & Forster Company Overview
Crum & Forster (C&F), with a proud history dating to 1822, provides specialty and standard commercial lines insurance products through our admitted and surplus lines insurance companies. C&F enjoys a financial strength rating of "A" (Excellent) by AM Best and is proud of our superior customer service platform. Our claims and risk engineering services are recognized as among the best in the industry.
Our most valuable asset is our people: more than 2000 employees in locations throughout the United States. The company is increasingly winning recognition as a great place to work, earning several workplace and wellness awards, including the 2024 Great Place to Work® Award for our employee-first focus and our steadfast commitment to diversity, equity and Inclusion.
C&F is part of Fairfax Financial Holdings, a global, billion dollar organization.
For more information about Crum & Forster, please visit our website: www.cfins.com.
Job Description
Under general supervision develop and maintain rapport with brokers, Claims Department, Actuarial Department and State Agencies to ensure the timely payment of premiums and collection of reinsurance recoverable balances.
What you will do:
- Provide claims notification to reinsurance companies. This includes initial notice and follow up until final settlement.
- Assist in reconciliations related to new system implementation.
- Coding of Reinsurance reimbursement requests submitted to the State Funds by Claims.
- Assist in processing adjustments to Second Injury Fund payments and reserves.
- Preparation of premium remittances to ensure timely and accurate submission to brokers and reinsurers.
- Record cash application of reinsurance premium and claims into our Sapiens reinsurance system.
- Prepare reinsurance billing of claims accurately.
- Various ad hoc projects.
What you will bring to C&F:
- Major in Business, Finance, Accounting preferred.
- Experience in Insurance is a plus but not necessary.
- PC proficiency, including Microsoft Excel and Access is a plus.
- Good interpersonal and communication skills for dealing with internal and external customers.
- Strong analytical, mathematical, communication, and organizational skills
- Ability to work overtime when needed.
What C&F will bring to you
We value inclusivity and diversity. We are committed to equal employment opportunity and welcome everyone regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, citizenship, marital status, disability, gender identity, or Veteran status. If you require special accommodation, please let us know.
For California Residents Only: Information collected and processed as part of your career profile and any job applications you choose to submit are subject to our privacy notices and policies, visit https://www.cfins.com/onlineprivacypolicy/ca/noticeatcollection/ for more information.
Crum & Forster is committed to ensuring a workplace free from discriminatory pay disparities and complying with applicable pay equity laws. Salary ranges are available for all positions at this location, taking into account roles with a comparable level of responsibility and impact in the relevant labor market and these salary ranges are regularly reviewed and adjusted in accordance with prevailing market conditions. The annualized base pay for the advertised position, located in the specified area, ranges from a minimum of $29,600.00 to a maximum of $55,800.00. The actual compensation is determined by various factors, including but not limited to the market pay for the jobs at each level, the responsibilities and skills required for each job, and the employee’s contribution (performance) in that role. To be considered within market range, a salary is at or above the minimum of the range. You may also have the opportunity to participate in discretionary equity (stock) based compensation and/or performance-based variable pay programs.
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Salary : $29,600 - $55,800
