Collections Associate RI
Company: FM Global
Location: North Kingstown
Posted on: May 8, 2024
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Job Description:
FM Global is a leading property insurer of the world's largest
businesses, providing more than one-third of FORTUNE 1000-size
companies with engineering-based risk management and property
insurance solutions. FM Global helps clients maintain continuity in
their business operations by drawing upon state-of-the-art
loss-prevention engineering and research; risk management skills
and support services; tailored risk transfer capabilities; and
superior financial strength. To do so, we rely on a dynamic,
culturally diverse group of employees, working in more than 100
countries, in a variety of challenging roles.
Summary:
Reporting to the Transactional Accounts Receivable (AR) &
Collections Supervisor, the position will be responsible for
performing all collection activities in compliance with defined
policies and procedures to support optimal cash flow and ensure
timely payment of premiums from customers, brokers, coinsurers or
WRP companies. This will include working with account teams
worldwide to pursue collection of all receivables. The position
will be required to take initiative to improve collections,
reporting, methodologies, and reconciliations. This position may be
required to prepare analysis in support of improving collection
efficiency.
Schedule & Location:
This non-exempt (37.5 hours per week) position is based in
Johnston, RI and follows a hybrid work model. Employee is required
to work on-site four days per week with the option to work one day
per week from a home office.
The first month of employment is expected to be on-site 5 days per
week 8:30 AM to 4:30 PM.
Monitoring and collection of all premium due with focus on
collections within specified due dates to minimize penalty to
surplus.
Timely follow-up and communication with the account teams and/or
customer (internal/ external) for any delinquent payments.
Support the effort of operations for resolution of outstanding
premium.
Review and reconcile bordereaux payments for brokers, insureds,
and/or WRP companies communicating results to AR associates.
Initiate and maintain accurate and timely communication within the
ERP system.
Provide supporting documentation for queries on invoicing and
collections questions, potentially coordinating between cross
functional groups and international offices.
Required Education:
Bachelor's degree in finance/accounting preferred, or equivalent
education and experience.
Required Work Experience:
1+ year in collections or accounts receivable.
Highly Preferred Work Experience:
2+ years in collections or accounts receivable.
Experience in the insurance industry.
Required Skills:
Excellent interpersonal and communication skills with both internal
and external customers.
Excellent organizational skills and the ability to recognize and
schedule priorities.
Ability to work independently within specific timeframes and
deadlines.
Proficiency in Microsoft Outlook, Excel, and Word.
Possess critical thinking and problem-solving skills with attention
to detail.
Knowledge of and experience in Collections and Accounts
Receivable.
Work collaboratively across disciplines to share knowledge with
others.
Highly Preferred Skills:
PeopleSoft experience is preferred.
Understanding and hands on experience working with different
currency.
The hiring range for this position is $55,400 to $79,700. The final
salary offer will vary based on individual education, skills, and
experience. The position is eligible to participate in FM Global's
comprehensive Total Rewards program that includes an incentive
plan, generous health and well-being programs, a 401(k) and pension
plan, career development opportunities, tuition reimbursement,
flexible work, time off allowances and much more.
FM Global is an Equal Opportunity Employer and is committed to
attracting, developing, and retaining a diverse workforce.
#FMG
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Keywords: FM Global, Warwick , Collections Associate RI, Accounting, Auditing , North Kingstown, Rhode Island
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