Specialist, Accounts Receivable

LE003 Coaction Specialty Management Company, Inc.; Morristown (NJ); Hybrid; USD 55,000 - 70,000; Full time

Job summary

Coaction Specialty Insurance Group in Morristown, NJ is seeking a highly motivated AR Specialist to join the fast-paced Accounts Receivable team. You will investigate, evaluate, and recover deductibles, while adapting to varied coverage lines and supporting the organization's deductible recovery goals.

The ideal candidate holds a Bachelor's in accounting or finance, 3–5 years in general accounting with AR experience, strong Excel skills, and a willingness to work hybrid from our Morristown

Qualifications

• Bachelor’s Degree in accounting or finance; demonstrated understanding of accrual- based accounting requirements.
• 3-5 years of related experience in a general accounting role; prior accounts receivable experience a must.
• Demonstrated proficiency in Microsoft Office; Excel proficiency required.
• Experience with subrogation is preferred.

Responsibilities

• Ability to interpret and apply customized insurance policies to real life examples
• Conduct thorough, high quality investigations and utilize outside resources as necessary
• Completes a referral on each claim in a timely manner and fully documents the claim file with deductible details
• Handles assigned claims following company guidelines and industry best practices
• Oversight responsibilities for a TPA to add value and deductible expertise
• Maintains a diary system that assures each assigned deductible recoverable that assures each will get the ongoing attention needed
• Uses the claims system to accurately document recovery process and post recoveries
• Closely manages referrals sent to collection agency to ensure recovery expectations are met
• Meet with other departments to discuss deductible details and general recovery issues

Skills

Accounts receivable

Excel proficiency

Attention to detail

Analytical thinking

Education

Bachelor's degree in accounting or finance

Tools

Excel

Job description

At Coaction, we’re a unique mix of leaders, achievers, thinkers, and team players with a high-performance mindset and a diverse skillset. We bring our industry expertise together to continually push the boundaries of what insurance can be for our clients. Job Description: Coaction’s fast paced and dynamic Accounts Receivable Department is looking for a highly motivated AR Specialist. This individual is responsible for investigation, evaluation and recovery of claims deductibles within our department. Our new team member will need to adapt to a changing environment of varied lines of coverage and have the ability to take on new responsibilities. This is an ideal position for a professional seeking a unique opportunity to utilize their skills and grow with an expanding team of AR professionals. The AR Specialist will assist with claims recoveries as the monies collected reduce the claims expense for Coaction.

Job Responsibilities:

• Ability to interpret and apply customized insurance policies to real life examples
• Conduct thorough, high quality investigations and utilize outside resources as necessary
• Completes a referral on each claim in a timely manner and fully documents the claim file with deductible details
• Handles assigned claims following company guidelines and industry best practices
• Oversight responsibilities for a TPA to add value and deductible expertise
• Maintains a diary system that assures each assigned deductible recoverable that assures each will get the ongoing attention needed
• Uses the claims system to accurately document recovery process and post recoveries
• Closely manages referrals sent to collection agency to ensure recovery expectations are met
• Meet with other departments to discuss deductible details and general recovery issues
• May be designated key contact and be asked to be involved in the following: preparing and attending claims reviews, analyzing recovery data and meeting with other employees to discuss account status, meeting and making presentations to other departments

Qualifications:

• Bachelor’s Degree in accounting or finance; demonstrated understanding of accrual- based accounting requirements.
• 3-5 years of related experience in a general accounting role; prior accounts receivable experience a must.
• Demonstrated proficiency in Microsoft Office; Excel proficiency required.
• Experience with subrogation is preferred.

* *This is not available as a fully remote employment. Interested candidates must be willing to work out of our Morristown, NJ office on a hybrid work schedule**

Salary range specific to for this role : $55,000-$70,000 + discretionary incentive bonus + benefits depends on various factors including, without limitation, individual and organizational performance. The offered rate of compensation will be based on individual education, experience, and qualifications. In addition, employees are eligible for standard benefits package including paid time off, medical, dental and retirement.

Equal Opportunity Employer Coaction is an Equal Employment Opportunity employer. Coaction’s policy is not to discriminate against any applicant or employee based on race, color, religion, national origin, gender, age, sexual orientation, gender identity or expression, marital status, mental or physical disability, and genetic information, or any other basis protected by applicable law. Coaction also prohibits harassment of applicants or employees based on any of these protected categories. If your application is selected, you will receive an email directly from the Coaction Recruiting Team at [e-mail] asking you to contact a member of the Coaction Recruiting Team. Any other method of contact may be fraudulent.

Coaction Specialty Insurance Group (Coaction) is a privately-owned, specialty property and casualty (P&C) insurance company headquartered in Morristown, New Jersey, with additional offices in Glendale, California, and New York City. Founded in 2009 as ProSight, the company completed a go-private transaction with investment management firm, TowerBrook Capital Partners (TowerBrook), and private-equity firm, Further Global Capital Management (Further Global), in August of 2021. Today, Coaction is a full specialty underwriter across five major product verticals: property, casualty, entertainment, executive liability, and multi-line. Through these verticals, Coaction provides a range of coverages to customers across the U.S. via both open brokerage and delegated underwriting authority platforms. Coaction’s authentic, collaborative, and results-oriented culture is reflected in the focused approach the company takes to fulfilling the needs of each individual customer by combining product, analytics, and underwriting capabilities with strong industry knowledge and partnerships to develop real-world solutions. Through data-driven insights and collaboration with partners, the company coacts with customers and partners to rationally manage risk so businesses and communities can build a more ambitious, confident, and sustainable future.

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