World Insurance Associates, LLC.
Carrier Payable Analyst
Iselin, NJ - Full Time
Summary
World Insurance Associates is a unique insurance organization offering top products and services from major providers, combined with attentive service from local agents.
Founded in 2011, World is one of the fastest-growing insurance brokers in the U.S. with over 2,200 employees in over 260 offices across North America. We specialize in personal and commercial insurance lines, surety and bonding, employee benefits, financial and retirement services, and human capital management solutions.
Our rapid growth and market leading presence has created opportunities throughout the state and we offer top talent the choice to work from one of our multiple offices throughout the region.
Role and Responsibilities
Responsible for timely and accurate payment of net premiums and carrier fees according to Company guidelines and contract requirements; serves as middleman between Affinity and Markets in successfully resolving billing discrepancies, unpaid items and reconciliation problemsESSENTIAL DUTIES AND RESPONSIBILITIES include the following. Other duties may be assigned to meet business needs.
• Verifies invoicing against carrier documents and initiates resolution of any differences.
• Prepares, reconciles and initiates timely payment of selected company payables.
• Builds relationships with carrier representatives
• Maintains payment documentation according to workflows
• Ensures timely collection and recording of return premium from the carriers.
• Assists in providing documentation for carrier audits and acts as a resource during audits.
• Researches carrier questions upon request.
Qualifications
EDUCATION, SKILLS, AND EXPERIENCE:
• Bachelor of Science degree in Accounting or Finance or equivalent education/experience.
• Insurance industry experience preferred
• Proficiency in Excel
• Strong analytical and problem-solving skills
• Ability to prioritize heavy, time sensitive workloads with the ability to meet aggressive deadlines.
• High degree of professional communication and tactful negotiation skills.
• Knowledge of Velocity and/or Power BI software a plus.
OTHER SKILLS AND REQUIREMENTS:
- The preceding job description has been designed to indicate the general nature and level of work performed by Associates within this classification. It is not designed to contain or be interpreted, as a comprehensive inventory of all duties, responsibilities, and qualifications required of Associates assigned to this job.
Equal Employment Opportunity
At World Insurance Associates (WIA), we celebrate and support our differences. We know employing a team rich in diverse thoughts, experiences, and opinions allows our employees, our products, and our community to flourish. WIA is honored to be an equal opportunity workplace. We are dedicated to equal employment opportunities regardless of race, color, ancestry, religion, sex, national orientation, age, citizenship, marital status, disability, gender identity, sexual orientation, or Veteran status. In addition, WIA makes reasonable accommodations to known physical or mental limitations of an otherwise qualified applicant or employee with a disability, unless the accommodation would impose an undue hardship on the operation of our business.
TO EXECUTIVE SEARCH FIRMS AND STAFFING AGENCIES:
World does not accept unsolicited resumes from any agencies that have not signed a mutual service agreement. All unsolicited resumes will be considered World’s property, and World will not be obligated to pay a referral fee. This includes resumes submitted directly to Hiring Managers without contacting World’s Human Resources Talent Department.
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