Premium Receivables Specialist

Berkley•Boston, MA

1d•$60,000 - $90,000

About The Position

The Premium Receivable Specialist is responsible for managing receivables for our excess transportation business, ensuring timely and accurate collection of premiums, resolving broker account issues, and maintaining clean receivables aging. In addition, this role conducts premium audits by coordinating with insureds, calculating audit premium, and preparing audit results for underwriting review. The position also offers the opportunity to grow into more advanced accounting responsibilities as the employee demonstrates strong performance, capability, and professionalism.

Requirements

Bachelor’s degree in accounting or similar
2–4 years of experience in accounts receivable, collections, or related financial operations.
Strong verbal and written communication skills for engaging with brokers and insureds.
General technology proficiency, including the ability to learn and work effectively within enterprise financial systems (e.g., Oracle/PeopleSoft general ledger) and the internally developed billing platform.
Proficiency in Microsoft Excel (aging management, reconciliations, basic formulas).
Ability to analyze financial data, research discrepancies, and resolve issues independently.
Strong organizational skills with the ability to manage multiple follow‑ups and deadlines

Responsibilities

Monitor and manage aging of receivables; identify and prioritize accounts requiring follow‑up.
Respond to payment inquiries and resolve discrepancies promptly.
Perform proactive collection outreach (email/phone) to brokers on past‑due balances and document all follow‑up activity.
Apply cash receipts accurately to policy‑level receivables using the internal billing system; resolve misapplied or unidentified payments.
Collaborate with underwriting on payment issues or cancellation notice processes when required.
Reconcile receivable accounts and prepare aging analyses to support month‑end close and management reporting.
Prepare routine AR‑related journal entries and perform balance sheet account reconciliations as needed.
Initiate premium audit requests to insureds after policy expiration.
Perform follow‑ups with insureds when audit information is incomplete, inaccurate, or overdue.
Calculate final audit premium using internal formulas and automated templates.
Prepare completed audit results and hand off to underwriting for review, approval, and billing.
Track audit completion status, monitor non‑responsive accounts, and support efforts to reduce non‑compliant audit rates.
Maintain Excel‑based aging reports, audit tracking lists, and follow‑up schedules.
Assist with AR reporting and provide visibility to leadership on delinquent accounts, audit completion rates, and collection trends.
Perform reconciliations between receivables, internal billing systems, and the general ledger.