Premium Accountant

Needham, MA

Employer:

Description

OVERVIEW

Kaplansky Insurance, an Alera Group company, is looking for a Premium Accountant for our Dorchester, MA office. Once trained, this will be a hybrid role.

Alera Group was founded in 2017 and has grown to become the 15th largest broker of US business. We are passionate about our clients' success in the areas of Employee Benefits, Property and Casualty Insurance, Retirement Plan Services, and Wealth Services. With a network of offices nationwide, our commitment to collaboration allows us to offer national resources combined with local service.

Since 1974, Kaplansky built and continues to establish ourselves as the agency that delivers an exceptional customer experience, choice, and reliability. At Kaplansky, we don't just sell insurance. We work closely with clients to help them make meaningful and informed decisions every day when it comes to protection and their future.

RESPONSIBILITIES

The Premium Accountant plays a vital role in the day-to-day management of payments to insurance brokers and carriers in an accurate and timely manner. In addition, this position will be responsible for assisting in the auditing of client transactions to ensure correct payment streams, collaborating with the Account Managers to research and respond to discrepancies with carrier statements. Transacting client premiums when bound by Account Manager. Identifying opportunities to improve workflow process and procedures. The Premium Accountant must communicate effectively with carriers to ensure minimal corporate financial risk related to payments and report to the Controller to create monthly accounts payable reports, develop action plans, and assist in training new employees regarding accounting processes and procedures.

Additional Responsibilities:

Responsible for ensuring that Agency Bill is handled in an efficient manner including transacting client premiums
Reviews all invoices for appropriate documentation and approval prior to payment
Responds to Account Manager/Company inquiries
Requests company refunds and documents files accordingly
Reconciles carrier statements, researches and corrects discrepancies
Ensures Agency Bill is paid by due date in accordance with Agency practices through company payment platforms, Agency Checks and ACH
Maintains Activities, files and documentation thoroughly and accurately in accordance with company policy and accepted accounting practices
Creates and maintains correspondence for disputes, revisions, overpayments and all exceptions between client transactions and company payable invoice/statement through Activity management
Immediate attention to Agency Bill audits
Special projects and other duties as assigned

QUALIFICATIONS

High School diploma or equivalent required
Minimum 2 years finance and accounting experience
Applied Epic and insurance accounting knowledge is strongly preferred
Knowledge of accounting rules, regulations, policies and procedures reflective of the financial service industry
Working knowledge of Microsoft applications, specifically Outlook Word and Excel
Working knowledge of rules and regulations associated with HIPAA
Must be detail oriented, organized and able to meet deadlines
Advanced interpersonal skills; strong oral and written communication
Willingness to adhere to all principles of confidentiality
Ability to work independently and be team oriented

BENEFITS

Alera Group offers comprehensive benefits to our colleagues, including medical, dental, life and disability insurance, 401k, generous paid time off and much more.

We're an equal opportunity employer. All applicants will be considered for employment without attention to race, color, religion, sex, sexual orientation, gender identity, national origin, veteran or disability status, or any other protected class.

If you're a California resident, please read the California Consumer Privacy Act prior to applying.

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