What are the responsibilities and job description for the Billing Specialist position at Global Aerospace?
February 5, 2025
Job Title: Billing Specialist
Location: Morris Plains, NJ
Employment Type: Full-Time (Hybrid)
This position is responsible to bill coinsurers and insureds for their respective shares of claim payments via bordereau, revolving funds, and SIR billings, to add/update coinsurer/insured information as necessary and populate/update the shares tables in the company system using the information stated on the NACHA agreement or other information when received. In addition, to prepare documentation that allows us to receive coinsurer revolving fund payments, serve as back up for cash application, and respond to inquiries and collections from Vertical concurrent insurers. Further duties and responsibilities are listed below:
- Creating and distributing monthly bordereau billings to coinsurers and insureds.
- Update the Vertical policy shares tables using NACHA information.
- Create and update contact information using broker and underwriter emails.
- Complete the month end process to create the monthly Vertical Plan Statements.
- Complete the monthly SIR billings.
- Distribute the Vertical Plan Statements and SIR Billings to coinsurers and insured.
- Creating and distributing revolving fund billings.
- Send initial revolving fund billings.
- Create top-up spreadsheets to account for revolving fund activity.
- Create deposit & withdrawal forms for revolving fund movement.
- Propose fund increases & decreases according to activity.
- Refund revolving funds when all claims are closed.
- Serving as back-up for the following functions:
- Clearing receivables
- Answer co-insurers’ and insureds inquiries regarding their billing and revolving fund status.
Qualifications
Education:
- Minimum of an Associate’s degree in Accounting or Finance. A Bachelor’s degree in Accounting or Finance a plus.
Required:
- Strong analytical and accounting skills
- Excellent interpersonal, problem-solving and communication skills, both oral and written
- Proficiency in Microsoft Office Skills (Word and Excel)
- Excellent written, verbal, and interpersonal skills
- Team player as well as the ability to work independently
Please send your resume to ushumanresources@global-aero.com with the subject line of XWEBBS-2012222.