Accounting Analyst - Billing & Collections (Morristown, NJ or Remote/Hybrid)

Crum & Forster Insurance; Morristown, New York (NJ, NY); Remote; USD 29,000 - 56,000; Full time

Job summary

An established industry player is seeking a motivated individual to join their team in a dynamic role focused on managing reinsurance processes. This position involves engaging with brokers and state agencies to ensure timely premium payments and effective claims management. The ideal candidate will possess strong analytical and communication skills, with a preference for those with a background in Business, Finance, or Accounting. Join a company that values inclusivity and offers a supportive work environment where your contributions are recognized and rewarded. This is a fantastic opportunity to grow your career in the insurance sector with a company committed to excellence.

Qualifications

• Preferred majors include Business, Finance, or Accounting.
• Experience in Insurance is a plus but not necessary.

Responsibilities

• Develop rapport with brokers and state agencies for premium payments.
• Prepare premium remittances for timely submission to brokers.
• Assist in reconciliations related to new system implementation.

Skills

Interpersonal Skills

Communication Skills

Analytical Skills

Mathematical Skills

Organizational Skills

PC Proficiency

Education

Business Major

Finance Major

Accounting Major

Tools

Microsoft Excel

Microsoft Access

Sapiens Reinsurance System

Job description

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 this link 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.