Collections Specialist II

Starr Insurance Holdings, Inc.; Philadelphia (Philadelphia County); On-site; USD 55,000 - 72,000; Full time

Job summary

Starr Insurance Holdings, Inc. is seeking a Collections Specialist II to monitor outstanding premium receivables, coordinate with brokers and underwriters, and ensure timely payments. This role reports to the finance team and supports reporting on past due balances.

Ideal candidates will have 3–5 years of experience, a finance-related degree, strong Excel skills, and attention to detail. Workday experience is a plus; ability to work with minimal supervision and collaborate with teammates is

Qualifications

• 3–5 years of experience in finance, accounting, or related fields.
• Bachelor’s degree in Finance, Accounting, or Business Administration.
• Proficient in Excel; experience with Workday preferred.

Responsibilities

• Monitor and pursue outstanding accounts receivable.
• Document unapplied cash transactions.
• Analyze broker / insured accounts.
• Issue Notice of Cancellation and Notice of Rescission.
• Respond to requests from brokers, underwriters, and management.
• Issue various receivable reports.
• Ensure compliance with corporate policies.
• Provide back-up support and participate in related meetings.

Skills

Strong Analytical Skills

Proactive problem solving

Attention to detail

Team Player

Proficient in Excel

Workday experience

Minimal supervision

Education

Bachelor’s degree in Finance

Bachelor’s degree in Accounting

Bachelor’s degree in Business Administration

Tools

Workday

Job description

Join Starr, a global leader in commercial insurance with over a century of expertise. We empower our employees to innovate, make impactful decisions, and build lasting client relationships worldwide. At Starr, you'll work in an entrepreneurial culture alongside accessible leaders, leveraging our financial strength and vast industry experience to deliver solutions for our clients, no matter how complex. Grow your career with a rapidly growing company that invests in its people and their ability to drive real progress.

Position Overview

The Collections Specialist II is responsible for monitoring outstanding premium receivable balances. This role will communicate with brokers and underwriters to ensure premium is paid timely. The Collections Specialist II will report on their outstanding receivables and follow company procedures in pursuing past due balances.

Key Responsibilities

• Monitor and pursue outstanding accounts receivable
• Document unapplied cash transactions
• Analyze broker / insured accounts
• Issue Notice of Cancellation and Notice of Rescission
• Respond to various requests from brokers, underwriters and management
• Issue various receivable reports
• Ensure compliance with corporate policies
• Perform special projects as required
• Provide back-up support as needed
• Participate in Receivable related meetings
• Participate and support any system testing and or process enhancements

Requirements

• 3 – 5 years of experience
• Bachelor’s degree in Finance, Accounting, Business Administration, or a related field
• Proficient in Excel
• Experience with Workday is preferred
• Team Player
• Strong Analytical Skills
• Must be able to work with minimal supervision
• Must be proactive in resolving problems
• Strong attention to detail and accuracy

Starr is an equal opportunity employer, which means we'll consider all suitably qualified applicants regardless of gender identity or expression, ethnic origin, nationality, religion or beliefs, age, sexual orientation, disability status or any other protected characteristic. We recruit and develop our people based on merit and we're committed to creating an inclusive environment for all employees. We offer first class training and development opportunities to all employees. Our aim is to grow our own talent and bring out the best in people.

Starr is a global insurance and investment organization providing property and casualty insurance solutions to business and industry, and one of the fastest-growing insurance companies in the world. Our talented and experienced associates manage risk and ultimately support the profitable growth of organizations in a dynamic, competitive and ever-changing marketplace.

Join us and become part of our talented and passionate workforce.

https://starr.com/About/Careers