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W. R. Berkley Corporation · 13 hours ago

Accounting Technician

Naperville, IL

Full-time

Onsite

Entry, Mid Level

$28.20/hr - $38.46/hr

2+ years exp

W. R. Berkley Corporation is one of the largest commercial lines property and casualty insurers in the United States, having grown significantly since its founding in 1967. The Accounting Technician role involves staff-level bookkeeping, focusing on premium receivables and accounts payable processes while supporting general accounting functions with minimal supervision.

Auto InsuranceFinancial ServicesHealth InsuranceInsuranceLife InsuranceProfessional ServicesProperty Insurance

No H1B

Responsibilities

Staff level bookkeeping position performing duties related mostly to premium receivable and accounts payable processes and limited assistance to general accounting functions

This position is expected to operate with a minimum level of supervision, is expected to problem solve, interact and communicate with outside customers (i.e. premium receivables) and interact directly with the business units we support

Areas of concentration include direct billing and collecting utilizing Berkley Billing, accounts payable utilizing PeopleSoft, general journal entries using PeopleSoft, and cash flow monitoring

All functions focus on accurate and timely completion that is determined on a day-to-day basis. This is dependent on the volume of receivable activity (i.e. applying cash, taking phone calls, processing claim checks, etc.)

Premiums Receivable (100% of time). Utilizing the Berkley Billing system:

Apply cash received to insured’s accounts; follow up with insureds/agents regarding any discrepancies between billed and received amounts; inform business unit management of developing collection problems while they can still be contained

Process refunds resulting from endorsements, cancellations, etc; verify refunds are due and discuss with business unit management prior to processing

Reconcile Berkley Billing to the general ledger and contact insureds and agents regarding overdue receivables

Manage the aging receivables to ensure any over-due items are resolved

Monitor daily cash flow and prepare cash flow report

Prepare General Journal Entries that relate to the cash inflows received daily

Active pursuit of continuous process improvement and progress measurement (metrics)

Other duties as assigned