Premium Accounting Coordinator

Overview

The Premium Accounting Coordinator is responsible for generating accurate premium invoices, processing payments through multiple methods, and ensuring adherence to underwriting guidelines. This role supports the management and analysis of premium-related financial transactions, reconciles premium payments, and ensures accurate coverage and billing processing. The position also supports audit activities by reviewing required documentation and applying accounting principles to ensure the validity of audit results.

Location

Remote — United Kingdom

Responsibilities

• Assist in the management and analysis of premium-related financial transactions, compiling relevant coverage and financial documents.
• Generate premium invoices for policyholders based on policy terms and coverage; ensure accuracy in premium calculations and adherence to underwriting guidelines.
• Receive premium payments from policyholders, generate reports on premium collections, outstanding balances, aging receivables, and follow up on overdue accounts.
• Maintain accurate and up-to-date records of policyholder information, premiums, and payments in the company database or management system.
• Support the team in reviewing records and client data in systems.
• Handle policyholder inquiries related to premium invoices and billing discrepancies.
• Reconcile premium payments received with policy records in the company database to ensure accuracy and identify discrepancies.
• Identify and investigate discrepancies or irregularities in premium accounting records and take appropriate corrective actions.
• Perform administrative tasks such as data entry, policy issuance, and modify policy information while ensuring alignment with industry standards and regulations.
• Identify opportunities to improve efficiency and effectiveness in premium accounting processes (e.g., automation, system enhancements, workflow optimizations).
• Support internal and external audits by providing documentation, reconciliations, and explanations related to premium accounting activities.

Requirements

• Minimum 6 months of experience in premium accounting or accounting in the Insurance Industry is preferred.

Equal Opportunity

The employer is an Equal Opportunity Employer and is committed to building and sustaining a diverse workforce. Employment practices include recruiting, hiring, discipline, firing, promotion, transfer, compensation, benefits, training, leaves of absence, and other terms, conditions, and benefits of employment.