Accounting & Billing Manager
Role: Full Time
Location: Remote, New York, NY preferred
Team: MAP
Who We Are
We’re a group of hard working, intellectually curious, and creative individuals disrupting the $120 Billion small commercial insurance industry. Why? Because we believe enabling small commercial businesses to obtain insurance coverage is a BIG deal.
Independent insurance agents have been hungry for a solution like our breakthrough marketplace platform and the nation’s most established insurance carriers have a strong appetite for it as well.
We need to find the right people for the right roles to help our team keep up with the market demand that we have been among the first to tap into. Come join our rapidly growing team! We are well-funded by reputable investors including 01A, D.E. Shaw & Co, and Nephila.
About this role
You’ll be joining our Market Access team as an Accounting & Billing Manager to keep track of spending, and general accounting. You’ll create and process invoices for individual agencies and our larger partners as well as serve as our key contact for our accounting team to make sure our books are balanced. You’ll work alongside our Market Access Operations Manager to create and ensure a seamless process for invoicing and receiving payment from our clients. Our ideal candidate is an experienced premium accountant who is looking for a greater challenge.
You will:
- Create and process invoices for our Market Access team and our agency partners
- Handle paying carriers, pay commissions to agents, and manage collections
- Analyze current and past financial data and performance to guide strategic decision making
- General ledger account reporting and maintenance
- Use data to efficiently report on and forecast financial performance
- Reconcile and balance premium accounting on a daily basis
You’re well qualified for this position if:
- You have a background in insurance premium accounting, including:
- surplus lines tax filings
- agency commissions
- managing agency bill/direct bill/premium financed insurance transactions
- comfort with using an agency management system, Nexsure preferred (AMS)
- You have a Bachelor’s degree in finance or accounting or equivalent experience
- 2-5 years of insurance premium accounting experience
- You’re tech savvy and are excited and able to learn new platforms easily
- Knowledge of Excel is a must
- Knowledge of the insurance industry is essential
- Monitor open balance to make sure all outstanding premiums have been accounted for in the collection’s timeline.
- Submit delinquent accounts to AFM for formal collections.
- Process Carrier payables on fully paid receivables to keep the policies in good standing.
- Process Direct bill commission payables to retail agencies on a monthly cadence.
- Process past due notices for delinquent open receivables.
- Process return premium to the finance companies and retail agents.
- Service all agency inquiries regarding billing.
- Pull daily ledger from the bank account and allocate the cash in Nexsure.
- Pull monthly bank statement and reconcile/ close the month in Nexsure.
- Perform continued audits internally, as needed, to ensure all GL’s are clean and all transactions are accounted for.
- Provide revenue and income reports to upper management.
- Review all AP reports prior to disbursement to eliminate erroneous and duplicate transactions.
- Process PFA quotes for underwriting upon request.
What We Offer:
- Competitive Compensation: $70,000-$90,000 salary
- Stock Options: Offered on a one-year cliff and four-year vesting period
- Growth Opportunity: Ground floor opportunity as an early member of the Semsee team
- Our Culture: An inclusive company culture that is being built intentionally to foster stimulating, healthy, meaningful and long lasting work relationships.
- Hybrid Distributed Workplace: Office in Manhattan as well as Remote Team Members
- Vaccinated Workplace: Must provide proof of COVID-19 vaccination to be in-office, travel and safely attend company funded events.
- Time Off: 4 weeks (20 Days) + 9 company observed holidays; Total 29 Days/Year
- Benefits: 70% Funded Medical/Vision/Dental; 100% Funded Life Insurance; 401k, Roth IRA; Generous 12 Weeks Paid Baby Bonding Leave, + more
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What We Do
Where agents go to quote small commercial risks and renewals. Semsee is a technology company in the commercial insurance space. We are a startup incubated and funded by two large investors in the reinsurance space. Our product digitizes what has until recently been a slow and manual process of getting commercial insurance for small- to medium-sized business. In using Semsee, independent insurance agents and brokers experience orders of magnitude improvements in their sales processes, resulting in higher productivity and ultimately, client satisfaction.
