Finance Analyst (Collections)

ECLARO; Philippines; On-site; PHP 420,000 - 660,000; Full time

Job summary

The Collections Analyst role is part of the Open Brokerage Finance Team and focuses on analyzing policy premium balances and timely collection of outstanding premiums. You will manage a group of captive accounts and work closely with Program Administrators, Brokers, Insureds, Underwriters and finance colleagues.

Key competencies include reconciliation, analytical thinking, strong communication, and attention to detail.

Qualifications

• Bachelor's degree in Accounting or Finance required.
• 4–6 years of insurance industry experience in finance, collections, or premium audit collections.
• Strong analytical, reconciliation and communication skills essential.

Responsibilities

• Communicate outstanding premium balances to brokers.
• Issue cancellation notices for non-payment of premium.
• Reconcile outstanding balances and resolve discrepancies.
• Direct collection of outstanding final audit balances to insureds.
• Provide collection agency and legal support with account documentation.
• Maintain proper records of collection efforts.
• Assist with system testing and special projects as needed.
• Interact with Program Administrators, Brokers, insureds and underwriters.

Skills

Reconciliation

Analytical thinking

Communication

Interpersonal skills

Multitasking

Attention to detail

Captives/Reinsurance knowledge

Education

Bachelor's degree in Accounting or Finance

Tools

Microsoft Office

Cognos

Power BI

Great Plains

Alteryx

Job description

Role: Finance Analyst (Collections)

• Communicating outstanding premium balances to brokers
• Issuing cancellation notices for non-payment of premium
• Reconciliation of outstanding balances
• Troubleshoot discrepancies involving premium, commission and payment differences
• Requesting disbursements for return premium balances
• Unapplied cash resolution
• Direct Collection of outstanding final audit balances to insureds
• 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
• Special projects and system user acceptance testing as needed

Job Description:

The Collections Analyst will be responsible for analyzing policy premium balances and the timely collection of outstanding premiums within our Open Brokerage Finance Team. In this position, you will be assigned a group of captive accounts to manage. This role will have interactions with Program Administrators, Brokers, Insureds, Underwriters and other members of the finance team.

Required Skills / Experience:

• Strong reconciliation, analytical and business problem solving skills
• Strong interpersonal and organizational skills
• Excellent written and verbal communication skills
• Ability to work well independently and as part of a team
• Ability to work on several tasks simultaneously
• Attention to detail
• Understanding of Captives and/or Reinsurance business are a plus

Technical Skills:

• Advanced knowledge of Microsoft Office products
• Experience with Cognos, Power BI, Great Plains, or Alteryx are a plus

Education:

• Bachelor's degree - preferably in Accounting or Finance
• 4 - 6 years Insurance experience preferably finance, collections or premium audit collections