Receivable Account Analyst - Loss Sensitive Billing

Who Are We?

Taking care of our customers, our communities and each other. That’s the Travelers Promise. By honoring this commitment, we have maintained our reputation as one of the best property casualty insurers in the industry for over 170 years. Join us to discover a culture that is rooted in innovation and thrives on collaboration. Imagine loving what you do and where you do it.

Finance and Accounting, Operations

Compensation Overview

The annual base salary range provided for this position is a nationwide market range and represents a broad range of salaries for this role across the country. The actual salary for this position will be determined by a number of factors, including the scope, complexity and location of the role; the skills, education, training, credentials and experience of the candidate; and other conditions of employment. As part of our comprehensive compensation and benefits program, employees are also eligible for performance-based cash incentive awards.

Salary Range

$52,600.00 - $86,800.00

1

Under direct supervision, incumbents are responsible for managing routine accounts to include those with automated billing exhibits and invoicing, some manual invoicing and manual system charges, per claim charges and cash collateral. The assigned accounts are handled from the time the deal is sold and documented through the entire cash flow process. Resolves issues/disputes or escalates to the proper level. Responsible for the setup and preparation of billing packets, maintenance of assigned accounts, and proactively developing a strategy for servicing accounts and the collection of receivables. Provides quality customer service on all assigned accounts. Reconciles accounts to maintain financial integrity.

What Will You Do?

• In this job, the incumbent is being trained and developing experience in:
• Review and interpretation of Loss Sensitive and Guaranteed Cost insurance legal agreements.
• Account setup in billing systems including all account information, formulas, calculations and bill presentation for all Guaranteed Cost, Retrospective, Deductible and Self-insured plan types.
• Achieve and consistently maintain established productivity and quality standards.
• The incumbent is being trained and developed in how to:
• Produce installment, paid loss, valuation and guaranteed cost audit billings within appropriate billing schedules to meet company and client needs.
• Produce claim data out of loss systems for all billings which support the billing exhibits produced.
• Reconcile and balance accounts assigned to the agreements made and the payments received from customers.
• Apply all payments received. Research discrepancies and process return and commission checks. Complete payment reconciliations.
• Collect amounts billed