Receivables Management Associate

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O'Fallon, MO
In-Office
Financial Services
The Role

With a company culture rooted in collaboration, expertise and innovation, we aim to promote progress and inspire our clients, employees, investors and communities to achieve their greatest potential. Our work is the catalyst that helps others achieve their goals. In short, We Enable Possibility℠.

RESPONSIBILITIES AND ACCOUNTABILITIES

•    Communicating outstanding premium balances to brokers
•    Issuing cancellation notices for non-payment of premium
•    Creation, printing, and mailing of regulatory documents
•    Reconciliation of outstanding balances
•    Troubleshoot discrepancies involving premium, commission and payment differences
•    Requesting disbursements for return premium balances
•    Unapplied cash resolution
•    Maintain proper account of collection efforts
•    Work to clarify the resulting final audit and remove any doubt the insured may have disputing the amount owed
•    Provide Collection Agency Support preparing and submitting account documentation necessary for direct collection
•    Provide Legal Support by compiling account documentation necessary for litigation
•    Assist with various collection activities, projects, and processes, as necessary

REQUIRED SKILLS AND ABILITIES
•    Excellent written and verbal communication 
•    Strong mathematical and analytical skills
•    Strong interpersonal and organizational skills
•    Ability to multi-task and prioritize work 
•    Must be detail-oriented and have the ability to adapt to change

DESIRED SKILLS AND ABILITIES
•    Understanding of Insurance and Accounting are a plus

EDUCATION/EXPERIENCE
•    High School Diploma required; bachelor’s degree – preferably in Business, Accounting, or Finance, preferred
•    Minimum 1-3 years of clerical/office experience required; 1 year+ Billing and Collections, Insurance Operations, or Accounts Receivable experience preferred
•    Advanced knowledge of Microsoft Office Products – Excel, Word, and PowerPoint

#LI-AT1

#LI-hybrid

Do you like solving complex business problems, working with talented colleagues and have an innovative mindset? Arch may be a great fit for you. If this job isn’t the right fit but you’re interested in working for Arch, create a job alert! Simply create an account and opt in to receive emails when we have job openings that meet your criteria. Join our talent community to share your preferences directly with Arch’s Talent Acquisition team.

14400 Arch Insurance Group Inc.

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The Company
HQ: White Plains, NY
285 Employees
Year Founded: 2001

What We Do

Arch Capital Group Ltd. (Arch Capital or ACGL), a Bermuda public limited liability company, writes insurance and reinsurance on a worldwide basis through operations in Bermuda, the United States, Canada, Europe and Australia, with a focus on specialty lines. Arch Capital Services LLC is owned by ACGL and provides corporate, legal and other support services to Arch Capital.

ACGL provides insurance, reinsurance and mortgage insurance on a worldwide basis through operations in Bermuda, the United States, Canada, Europe, Australia and Hong Kong.

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