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More information about this job:
Overview:
Mutual Boiler Re, a division of FM Global, is seeking a full-time Accounting Specialist position in our Malvern, PA headquarters. For nearly 140 years, Mutual Boiler Re has been a leading provider of equipment breakdown reinsurance and today has more than 275 treaty partnerships across North America.
Responsibilities:
Responsible for processing all aspects of the Accounts Receivable function for Mutual Boiler Re. Responsibilities include Partner Company premium reconciliation, issuance and tracking of monthly producer/agent account current statements, claims payments, etc.
Track, post and reconcile all payments received for reinsurance policy premium.
Create discrepancy reports on reinsurance premium and claims payments.
Communicate effectively with agents and reinsurance accounting personnel to ensure that payments are made in a timely manner and that all necessary paperwork is rec’d.
Prepare monthly producer/agent account current statements and issue appropriate notices required for Monoline policies.
Prepare monthly reports on status of aging Accounts Receivable invoices.
Process cancellations on Monoline policies and issues credits.
Make recommendations for required procedural changes to ensure greater efficiency and effectiveness in overall accounting oversight.
Perform an active role as a servicing team member by participating, where directed, in each phase of the Partner Company Servicing Process, attending Partner Company Assessment meetings, and providing input and feedback as appropriate.
Qualifications:
Education: High School diploma or equivalent, some college preferred!
Experience: 5
years of general office experience.
Skill/Knowledge:
Overview:
Mutual Boiler Re, a division of FM Global, is seeking a full-time Accounting Specialist position in our Malvern, PA headquarters. For nearly 140 years, Mutual Boiler Re has been a leading provider of equipment breakdown reinsurance and today has more than 275 treaty partnerships across North America.
Responsibilities:
Responsible for processing all aspects of the Accounts Receivable function for Mutual Boiler Re. Responsibilities include Partner Company premium reconciliation, issuance and tracking of monthly producer/agent account current statements, claims payments, etc.
Track, post and reconcile all payments received for reinsurance policy premium.
Create discrepancy reports on reinsurance premium and claims payments.
Communicate effectively with agents and reinsurance accounting personnel to ensure that payments are made in a timely manner and that all necessary paperwork is rec’d.
Prepare monthly producer/agent account current statements and issue appropriate notices required for Monoline policies.
Prepare monthly reports on status of aging Accounts Receivable invoices.
Process cancellations on Monoline policies and issues credits.
Make recommendations for required procedural changes to ensure greater efficiency and effectiveness in overall accounting oversight.
Perform an active role as a servicing team member by participating, where directed, in each phase of the Partner Company Servicing Process, attending Partner Company Assessment meetings, and providing input and feedback as appropriate.
Qualifications:
Education: High School diploma or equivalent, some college preferred!
Experience: 5
years of general office experience.
Skill/Knowledge:
- Intermediate strong analytical skills
- Intermediate knowledge of MS Excel and Word
- Excellent oral and written communication skills
- Intermediate math skills
We offer our employees a wide range of benefits including career long learning opportunities, tuition reimbursement, 401 (k), pension, flexible schedules, rich health and well-being programs, generous time off allowances, volunteer days and so much more!
FM Global is an Equal Opportunity Employer and is committed to attracting, developing, and retaining a diverse workforce.
Please note that all FM Global visitors, including external candidates interviewing for open positions will be required to be vaccinated and should be prepared to provide proof of vaccination.
Estimated Salary: $20 to $28 per hour based on qualifications.
