What are the responsibilities and job description for the Accounts Receivable / Billing Specialist position at honeycombinsurance?
Honeycomb is a rapidly expanding, well-funded startup committed to setting the benchmark for excellence in the InsureTech industry. Our foundation is built on cutting-edge technology, but our greatest asset is our exceptional team of professionals. By seamlessly integrating AI, state-of-the-art technology, and profound human expertise, each member at Honeycomb plays a pivotal role in shaping our trajectory.
Honeycomb operates across 18 major states, covering 60% of the U.S. population, and manages insured assets exceeding $45 billion.
Having raised $36 million in its last B round in 2024, Honeycomb is expected to continue growing strongly and sustainably into 2025.
Join us and experience the tremendous impact you can make!
What You’ll Do
We are looking for a detail-oriented Accounts Receivable Specialist with strong Excel proficiency to join our finance team. While experience in the insurance industry is a plus, it is not required. The ideal candidate will have a solid background in accounts receivable and the ability to navigate and manage complex billing processes. This role demands accuracy, analytical thinking, and excellent communication skills to efficiently process payments, resolve discrepancies, and collaborate with internal teams and external clients.
Key Responsibilities:
- Invoice Management: Process and review customer invoices, ensuring accuracy and compliance with company policies and contractual agreements.
- Payments & Collections: Monitor outstanding balances, follow up on past-due accounts, and work with customers to resolve payment issues.
- Complex Billing Analysis: Analyze and interpret complex billing structures, identifying discrepancies and working cross-functionally to correct errors.
- Reconciliation & Cash Application: Perform account reconciliations, investigate variances, and ensure proper application of payments and/or refunds
- Reporting: Generate and maintain AR aging reports, cash application reports, and other financial data using Excel.
- Collaboration: Work closely with internal departments, including finance, customer service, and underwriting, to resolve billing issues.
Basic Requirements
- Experience: 2 years of accounts receivable experience
- Technical Skills: Proficient in Microsoft Excel (pivot tables, VLOOKUPs, formulas) and experience with accounting software.
- Analytical Ability: Strong attention to detail and ability to interpret complex billing structures.
- Communication Skills: Excellent verbal and written communication skills for interacting with clients and internal teams.
- Problem-Solving: Ability to investigate and resolve discrepancies efficiently.
- Organization & Multitasking: Strong time management skills to prioritize and handle multiple tasks effectively.
Preferred Qualifications:
- Experience with NetSuite
- Experience with ’Invoiced’ billing system
- Insurance industry experience a plus
Benefits
- Base Salary: $65,000 - $75,000
- Bonus
- Health Benefits
- Employee options grant
- 401K
- Flexible paid time off
- Paid national holidays
Salary : $65,000 - $75,000
