Accounts Payable Associate

Responsibilities

• Review premium invoices for policyholders to ensure alignment with policy terms and coverage guidelines.
• Conduct regular reconciliations of premium receipts with bank deposits and accounting records.
• Generate comprehensive reports on premium collections, outstanding balances, and aging receivables.
• Manage and resolve inquiries from policyholders regarding billing discrepancies and premium invoices.
• Process premium payments via checks, electronic transfers, and credit card transactions.
• Monitor payment collections and proactively address overdue accounts through necessary follow-up procedures.
• Maintain precise records of policyholder information, premiums, and payments within the company database.
• Ensure strict adherence to insurance regulations, accounting standards, and internal billing policies.
• Coordinate policy administration tasks including data entry, policy issuance, and updates.

Requirements

• Bachelor’s degree required; Finance, Accounting, or Business Administration preferred.
• Ability to maintain high precision in premium calculations and adherence to regulatory requirements.

Preferred Qualifications

• Minimum of 2 years of experience in premium accounting or accounting within the insurance industry.
• Certified Public Accountant (CPA) certification is a plus.

About the Company

Ryan Specialty is a leading provider of innovative solutions for insurance brokers, agents, and carriers. Recognized as one of the most loved workplaces, we are home to some of the brightest talent in the insurance industry, dedicated to delivering excellence to our clients and trading partners.