Global is one of the most respected names in aviation and aerospace insurance. We offer many types of coverage like General Aviation, Aerospace Manufacturers, Unmanned Aircraft Systems, Space & Satellite, and much more. This hybrid role is located in Morris Plains, NJ. Our state-of-the-art office has a gym, cafeteria, and recreational activities (basketball and pickleball). Furthermore, we offer a very strong benefits package and you can wear jeans to work every day!
This role is responsible for claiming and recording cash, responding to inquiries and collections for Vertical co-insurers, monthly billing of bordereau, and for reporting or exhibits required by management and outside companies. Further duties & responsibilities are listed below.
- Daily entry of cash to Receivable System: Clear receivables
- Post advances received on specific claims, notify claims department of funds received
- Release payments on Slow Pay queue in Nexus where applicable
- Post revolving funds received on specific policies
- Answer co-insurers’ inquiries with reference to the bordereau or problems regarding Vertical Line accounts.
- Create monthly bordereau billings and revolving fund billings to co-insurers.
- Send refund checks on overpayments, credits due on Bordereau and adjustment of funds requested.
- Report receivables to meet other Global departments’ special requests.
- Revolving fund analysis and recommendations made monthly for upcoming policy renewals.
- Complete corrections for out of balance accounts when monthly reconciliations of General Ledger to Vertical System balances are presented.
Qualifications
Education:
- Associate’s or four-year degree in Accounting or Finance preferred.
Skills/Experience:
Required:
- 2-4 years of Accounts Receivable experience.
- P&C Insurance accounting and/or understanding of Insurance financial concepts and data a plus.
- General understanding of Accounting Principles and processes.
- Strong mathematical and problem-solving skills and the ability to resolve billing, collections, allocation and data issues.
- Strong analytical and accounting skills.
- Ability to collaborate with a diverse group of constituents, both internal and external and prioritize tasks.
- Proficiency in Microsoft Office (Excel, Word, and Outlook).
- Team player as well as ability to work independently.
- Excellent interpersonal and communication skills both written and oral.
Pay Range
Anticipated Pay Range For This Role Is:
$55,000 – $70,000
This pay range represents the base annual full-time salary for this position. Individual compensation packages are based on various factors unique to each candidate including but not limited to relevant experience, education, geography and skill set. All full-time positions are eligible to participate in Global’s profit-sharing plan program in addition to the base pay range listed above.
Great Benefits
We take pride in our comprehensive mix of pay and benefits – our benefits include:
Affordable medical, prescription, dental and vision plan options, a 401(k) plan (including matching company contributions), and a defined contribution plan with an annual company contribution of your base salary.
- No-cost programs including wellness screenings and programs, life and accidental death insurance, short term disability, identity theft protection and an employee assistance program
- Paid time off, Floating Holidays, parental leave, tuition assistance, and many other benefits depending on eligibility.
- Voluntary Benefits (e.g. pet insurance)
Benefits:
- 401(k)
- 401(k) matching
- Dental insurance
- Disability insurance
- Employee assistance program
- Flexible spending account
- Health insurance
- Health savings account
- Life insurance
- Paid time off
- Parental leave
- Tuition reimbursement
- Vision insurance
- Work from home
Application Question(s):
- Would you require our company to sponsor you for any type of work visa either now or in the future?
Work Location: Hybrid remote in Morris Plains, NJ 07950
