Insurance Carrier Payable Analyst

World Insurance Associates LLC; Woodbridge Township (NJ); Remote; USD 60,000 - 80,000; Full time

Job summary

World Insurance Associates, a prominent insurance organization, is seeking a Carrier Payable Analyst responsible for submitting payments and resolving billing discrepancies. This fully remote role requires effective communication and strong analytical skills, with opportunities for growth in a diverse work environment. Candidates should have a Bachelor’s degree and a preference for insurance experience.

Qualifications

• Insurance industry experience preferred.
• Proficiency in Excel is required.
• Strong organizational skills with the ability to prioritize high volume and time-sensitive transactions.

Responsibilities

• Submit timely and accurate payments to insurance carriers.
• Assist in the review and resolution of billing discrepancies.
• Build relationships with carrier representatives and internal stakeholders.

Skills

Analytical skills

Problem-solving

Organizational skills

Professional communication

Education

Bachelor of Science degree in Accounting or Finance

Equivalent education/experience

Tools

Excel

Applied Epic

Job description

1 week ago Be among the first 25 applicants

Summary

World Insurance Associates is a unique insurance organization offering top products and services from major providers, combined with attentive service from local agents.

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
  
  

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.

#-REMOTE

Seniority level

• Seniority level

  Entry level

Employment type

• Employment type

  Contract

Job function

• Job function

  Sales and Business Development

• Industries

  Insurance

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