Insurance Carrier Payable Analyst

World Insurance As; Woodbridge Township (NJ); Remote; USD 60,000 - 65,000; Full time

Job summary

World Insurance Associates is seeking a Carrier Payable Analyst responsible for managing payments to carriers and resolving discrepancies. This fully remote role requires strong analytical skills and a Bachelor's degree in Accounting or Finance, offering a salary range of $60,000 to $65,000.

Benefits

Competitive benefits package

Variable pay programs

Qualifications

• Bachelor's degree in Accounting or Finance or equivalent experience.
• Proficiency in Excel.
• Strong analytical, organizational, and communication skills.

Responsibilities

• Responsible for submitting timely payments to carriers.
• Assists in reviewing billing discrepancies and maintaining documentation.
• Builds relationships with carrier representatives and internal stakeholders.

Skills

Analytical skills

Problem-solving skills

Organizational skills

Professional communication

Education

Bachelor of Science degree in Accounting or Finance

Insurance industry experience

Tools

Excel

Applied Epic

Job description

Summary
World Insurance Associates is a unique insurance organization offering top products and services from major providers, combined with attentive service from local agents.
Founded in 2011, World is one of fastest-growing insurance brokers in the U.S. with over 2,200 employees in over 210 offices across North America. We specialize in personal and commercial insurance lines, surety and bonding, employee benefits, financial and retirement services, and human capital management solutions.


Role and Responsibilities
The Carrier Payable Analyst is responsible for submitting timely and accurate payments to insurance carriers. Working closely with account teams and service leaders, this position will also be responsible for assisting in the review and resolution of billing discrepancies, unpaid items, and reconciliation problems. The Carrier Payable Analyst must communicate effectively with carriers and internal contacts to align with company guidelines and contract requirements, maintain payment documentation and exception reporting, and collaborate with other members of the Carrier Payables team and the Agency Bill Manager on World's accounting processes and procedures. This is a fully remote role with periodic travel as required.


ESSENTIAL DUTIES AND RESPONSIBILITIES include the following. Other duties may be assigned to meet business needs.

• Verifies invoicing against carrier documents and initiates resolution of any differences.
• Prepares, reconciles and initiates timely payment of selected company payables.
• Ensures timely collection and recording of return premium from the carriers.
• Builds relationships with carrier representatives and internal stakeholders
• Maintains payment documentation thoroughly and accurately, in accordance with company policy and accepted accounting practices
• Assists in providing documentation for carrier audits and acts as a resource during audits.
• Research and responds to all carrier questions upon request.
• Special projects and other duties as assigned.

Qualifications
EDUCATION, SKILLS, AND EXPERIENCE:

• Insurance industry experience preferred
• Bachelor of Science degree in Accounting or Finance or equivalent education/experience.
• Proficiency in Excel
• Strong analytical and problem-solving skills

• Strong organizational skills with the ability to prioritize high volume and time sensitive transactions.
• Ability to work independently and on a team
• High degree of professional communication and tactful negotiation skills.
• Knowledge of Applied Epic a plus

Position Summary

This position is located in New Jersey. The base salary for this position at the time of this posting may range from $60,000 to $65,000. Individual compensation varies based on job-related factors, including business needs, experience, level of responsibility, and qualifications. We offer a competitive benefits package and variable pay programs, please visithttps://www.worldinsurance.com/careersfor more details.

Equal Employment Opportunity
At World Insurance Associates (WIA), we celebrate and support our differences. We know employing a team rich in diverse thoughts, experiences, and opinions allows our employees, our products, and our community to flourish. WIA is honored to be an equal opportunity workplace. We are dedicated to equal employment opportunities regardless of race, color, ancestry, religion, sex, national orientation, age, citizenship, marital status, disability, gender identity, sexual orientation, or Veteran status. In addition, WIA makes reasonable accommodations to known physical or mental limitations of an otherwise qualified applicant or employee with a disability, unless the accommodation would impose an undue hardship on the operation of our business.


TO EXECUTIVE SEARCH FIRMS AND STAFFING AGENCIES:
World does not accept unsolicited resumes from any agencies that have not signed a mutual service agreement. All unsolicited resumes will be considered World’s property, and World will not be obligated to pay a referral fee. This includes resumes submitted directly to Hiring Managers without contacting World’s Human Resources Talent Department.

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