"Our Company provides a state of predictability which allows brokers and agents to act with confidence."

Founded in 1967, W. R. Berkley Corporation has grown from a small investment management firm into one of the largest commercial lines property and casualty insurers in the United States.

Along the way, we’ve been listed on the New York Stock Exchange, become a Fortune 500 Company, joined the S&P 500, and seen our gross written premiums exceed $10 billion.

Today the Berkley brand comprises more than 60 + businesses worldwide and is divided into two segments: Insurance and Reinsurance and Monoline Excess. Led by our Executive Chairman, founder and largest shareholder, William. R. Berkley and our President and Chief Executive Officer, W. Robert Berkley, Jr., W.R. Berkley Corporation is well-positioned to respond to opportunities for future growth.

 

The Company is an equal employment opportunity employer.

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.

• 2 – 5 years of experience in Accounts Receivable Department
• Some prior experience in accounts payable or general accounting
• Insurance company experience a plus
• Strong interpersonal skills
• Good Excel skills

 

Education Requirement

 

• College degree a plus but not required

Hourly Rate Range - $28.20/hour to $38.46/hour, dependent on experience, knowledge, etc.

Berkley is committed to offering comprehensive and competitive employee health benefits that help our employees stay healthy, feel secure and maintain a work/life balance. We offer Medical, Dental, Vision, Flexible Spending Account, Health Savings Account and a Health Reimbursement Arrangement. We support our employees in planning for their current and future security by offering Short & Long Term Disability, 401(k)/Profit Sharing/Employee Stock Purchase Plan, Life/Accidental Death & Dismemberment/Travel and Additional Life Insurance. We want our employees to live productive and fulfilling lives. We promote work-life balance and personal wellness by providing an Employee Assistance Program, Paid Time Off (Vacation/Sick/Holidays) and encouraging employees to participate in our groups wellness program. We take risk management excellence and your professional growth and ongoing development seriously by offering industry-related education and exams along with industry-related tuition assistance.

Sponsorship not Offered for this Role