Billing Specialist – Morris Plains, NJ

This position will bill coinsurers and insureds for their respective shares of claim payments via bordereau, revolving funds, and SIR billings. In addition, to update contact information in the Vertical system, prepare deposit/withdrawal forms for revolving funds, respond to coinsurer/insured inquiries and to serve as a backup for cash application and other related tasks. Further duties and responsibilities are listed below:

 

  • Create and distribute monthly bordereau billings to coinsurers and insureds:
      • Update the Vertical policy shares tables using NACHA information
      • Create and update contact information using broker and underwriter emails
      • Complete the month end process to create monthly Vertical Plan statements
      • Complete monthly SIR billings
      • Distribute the Vertical Plan statements and SIR billings to coinsurers and insured
  • Create and distribute revolving fund billings:
      • Send initial revolving funds billings
      • Create top-up spreadsheets to account for revolving fund activity
      • Create deposit & withdrawal forms for revolving fund movement
      • Balance revolving funds prior to collection
      • Propose fund increases & decreases according to activity
      • Refund revolving funds when all claims are closed
  • Serving as back-up for the following functions:
      • Clearing receivables
      • Post advances received on specific claims, notify claims department of funds received
      • Post revolving funds received on specific policies
      • Release payments on Slow Pay queue in Nexus when necessary
      • Answer co-insurers’ and insureds inquiries regarding their billing and revolving fund status

 

Qualifications

Education:

  • Minimum of an Associate’s Degree

Skills/Experience:

Required:

  • Strong analytical and accounting skills
  • Excellent written/verbal, and interpersonal skills
  • Ability to work independently

Preferred:

  • Minimum 2 years of Accounting or Billing experience

 

Please send your resume to ushumanresources@global-aero.com with the subject line of XWEB-2012168.

 

We (Global Aerospace, Inc.) are an equal employment opportunity and affirmative action employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, sexual orientation, gender identity, disability, protected veterans’ status, age, or any other characteristic protected by law.