Compare your current skills to what this opportunity needs—we'll show you what you already have and what could strengthen your application.
Job Description
At SterlingRisk, our employees are the driving force behind our success. We take pride in going the extra mile to support our employees, reinforcing our commitment to being a Great Place to Work and a Fortune Best Workplace. We foster a culture where new ideas and diverse perspectives are not just encouraged but valued. Our Values Blueprint, centered on Integrity, Innovation, Collaboration, Care & Respect, and Excellence, shapes our daily operations, making us a leader in the insurance industry.
Position Summary:
This position involves day-to-day responsibilities that require independent judgment and discretion, contributing to the department's ongoing success.
Essential Functions & Basic Duties:
(This job specification may not include all the duties listed, nor do the examples cover all the duties that may be performed.) Manage and oversee the daily operations of the Premium Accounting group which is responsible for the timely, accurate payment of all carrier payables; monitoring of accounts receivables and application of cash collected and collaboration with insurance servicing employees. Collaborate with the other department managers to support overall company and department goals and objectives. Support Controller and CFO with special projects and workflow process improvements Active participant in the operations of the department. Exercise discretion and independent judgment when assigning work and ensuring that tasks have been completed by his or her staff.
Premium Carrier/Payables:
Manage the timely and accurate payment to all insurance carriers and brokers. Respond to Account Executives and Carrier requests and inquiries. Distribute monthly client statements to Account Executives and Producers for collections. Process, track, and monitor collection of any premiums advanced on behalf of clients. Oversee company receivable and payable accounts and monitor collections activity. Prepare ad hoc account analyses for clients regarding their premiums and payments. Overall responsibility for timely and accurate collection of premiums from brokers/clients. Continuous follow up with service staff for collection of overdue balances. Maintain and manage all items referred to outside debt collections firm. Maintain and manage all legal collections activity. Oversee management of Program AR/AP processing monthly for each individual program (RPG Fee processing, BDX processing, Deposit Premium utilization, etc).
Financial Reporting & General Ledger:
Review AR/AP balances to ensure agreement to GL balances Assist with the auditors review of AR and AP balances Monitor customer advances process (approval, disbursement, collection) and follow-up on uncollected items Monitor special client payment plans. Reconcile with VIP clients on periodic basis
Supervisory Duties:
This job has a high level of supervisory responsibilities. Supervision includes but is not limited to: Manage and oversee the daily operations of the Premium Accounting group General supervision of two staff positions to include monitoring workload, planning for vacations/backup coverage to ensure that all financial deadlines are met
Knowledge, Skills, & Abilities:
Proficiency at intermediate level in Outlook, Word, and all Microsoft Office applications, specifically Excel Comprehensive knowledge of AR/AP functions Excellent interpersonal and managerial skills Strong accounting and insurance knowledge including understanding of both general ledger and relationship of premiums and commissions Strong organizational and communication skills Detail oriented with special attention to accuracy and timeliness Ability to foster teamwork within the department and strong working relationships outside the departmentv Ability to recognize problems and correct process issues In-depth knowledge of Internal Controls Exceptional organizational skills Ability to exercise effective judgment
Team-oriented Education and Work Experience:
Bachelor's Degree, combined with a minimum of 5 years' experience managing AR/AP and insurance industry experience, OR 10 years' experience managing AR/AP and insurance industry experience The statements above are intended to describe the general nature and level of work being performed. They are not intended to be construed as an exhaustive list of all responsibilities, duties, and skills required of personnel so classified. SterlingRisk is an Equal Opportunity Employer. EOE/AA/M/F/V/D/SO or any other characteristics protected by law. Neither this job description nor any other written or verbal communications are intended to create a contract of employment or a promise of long-term employment. Employment-at-will may be terminated with or without cause and with or without notice at any time by the Employee or by SterlingRisk. To learn more about us and the other career opportunities available at SterlingRisk, please visit our website at www.sterlingrisk.com . Why SterlingRisk? We are a dedicated team of professionals, committed to upholding our five core values and delivering excellence in all we do. Our expertise spans across Commercial Lines, Personal Lines, Employee Benefits, Surety, Life Insurance, Claims & Risk Management Services, Environmental, Aviation, Construction, and Real Estate. Find your path to success with SterlingRisk! We offer competitive salaries and a comprehensive benefits package, including health, dental, and vision coverage, short-term and long-term disability, life insurance, and a 401K plan with an employer match. Additionally, we offer a competitive and generous PTO package. Our commitment to your growth doesn't stop there-benefit from licensing support, continuing education reimbursement, and numerous learning and development opportunities.
Salary:
The estimated base salary range for this full-time position is $90,000 - $105,000 annually, plus benefits, and can vary based on location. The salary of the finalist selected for this role will be set based on a variety of factors, including but not limited to departmental budgets, qualifications, experience, education, licenses, specialty and training. The hiring range represents the company's good faith and reasonable estimate of the range of possible compensation at the time of posting. Apply Today to join a leading insurance broker with a history of over 90 years and is part of a nationally ranked top 15 insurance brokerage.
Contact Information:
Interested applicants, please email a resume with salary requirements to joinus@sterlingrisk.com . Please include a daytime number where you can be contacted should a position become available.
