Premium Accounting & Cash Collections Specialist

Canopius Group; New York (NY); Hybrid; USD 60,000 - 70,000; Full time

Job summary

Canopius Group is seeking a Premium Accounting Specialist in New York to allocate broker payments to invoices, process payments in our billing system, and collaborate with underwriting to collect past due premiums.

The role supports month-end closing, bordereaux reporting, and timely cash application, with emphasis on accuracy and timely communications with internal and external partners.

Qualifications

• 2+ years of insurance accounting experience.
• Knowledge of insurance policy administration and billing/accounting systems a plus.
• Math skills
• Bookkeeping skills
• Microsoft Excel skills
• Ability to work in a team environment
• Strong customer service skills
• Strong interpersonal and written/verbal communication skills
• Excellent interpersonal skills to effectively provide accurate and timely responses to internal and external customers
• Ability to work effectively in a customer-oriented and team-based environment
• Ability to quickly build relationships with underwriters and brokers and work closely with them to resolve policy discrepancies.
• Strong research and analytical skills.
• Ability to effectively prioritize daily work efforts.
• Ability to acclimate self to new systems quickly and proficiently.
• Ability to deal with time pressures and multiple priorities.

Responsibilities

• Match broker remittances to invoices and confirm receipts in premium trust accounts.
• Research and resolve premium discrepancies with broker accounting staff and underwriting partners.
• Process payments in the Canopius billing/accounting system in the same month received.
• Monitor aging receivables and escalate past due premiums to underwriters.
• Pursue collections with underwriters and brokers as needed.
• Research unapplied cash and provide a rationale at month-end; generate bordereaux for syndicate reporting.

Skills

Insurance accounting

Excel

Bookkeeping

Math

Teamwork

Customer service

Communication

Interpersonal skills

Research & analysis

Prioritization

Adaptability

Billing systems

Tools

Billing software

Job description

Canopius Group is seeking a Premium Accounting Specialist in New York to allocate broker payments to invoices, process payments in our billing system, and collaborate with underwriting to collect past due premiums.

The role supports month-end closing, bordereaux reporting, and timely cash application, with emphasis on accuracy and timely communications with internal and external partners.