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For Companies At a Glance
- Tasks: Manage billing and collections for entertainment insurance with a focus on customer support.
- Company: Dynamic entertainment insurance firm with a hybrid work model.
- Benefits: Competitive salary, flexible working, and opportunities for professional growth.
- Why this job: Join a vibrant team and enhance your financial skills in a fun industry.
- Qualifications: Detail-oriented with experience in finance and customer service.
- Other info: Great chance to develop your career in a supportive environment.
The predicted salary is between 30000 - 40000 £ per year.
The Billing and Collection Specialist is responsible for managing the receivables, payables, and trust account compliance for a designated group of programs. They must have the discipline to adhere to deadlines while providing excellent support to customers to resolve any issues they may present regarding the billing and finance aspects of the business. The ideal candidate will have an analytical mind for the financial aspects of the job.
Key Responsibilities
- Apply payments received from billing vendor and reconcile any discrepancies between payments received and due.
- Generate reports to carriers and brokers that accompany monthly payments and initiate payments to these companies.
- Respond/follow up to inquiries from insureds, brokers and carriers regarding invoicing and/or payment information.
- Oversee the accuracy of nightly data feeds to the billing vendor and resolve any rejected transactions.
- Monitor receivables to minimize the instances of cancellations and follow collection procedures for overdue items.
- Understand and adhere to the carriers' requirements for each program regarding all financial aspects of the program, such as receivable reporting, collection from insureds/brokers, payment to the carrier, commission levels and parameters for disposition of audit balances for collections.
Key Requirements/Skills/Expertise
- Have a natural inclination toward financial detail.
- Be a self-starter who enjoys completing tasks with an eye toward potential efficiencies.
- Associate degree in business related field; bachelor's degree preferred.
- Insurance carrier, Broker or MGA employment experience expected.
- Intermediate in Excel spreadsheets and analytics.
- Experience in a customer service-related position or role with customer service responsibilities.
- Strong organisational and communication abilities.
Billing & Collection Specialist in City of London employer: Asset Resourcing
Contact Detail:
Asset Resourcing Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Billing & Collection Specialist in City of London
✨Tip Number 1
Network like a pro! Reach out to your connections in the insurance and finance sectors. We all know that sometimes it’s not just what you know, but who you know. Attend industry events or join online forums to meet potential employers.
✨Tip Number 2
Prepare for interviews by practising common questions related to billing and collections. We suggest role-playing with a friend or using mock interview tools. The more comfortable you are, the better you’ll perform when it counts!
✨Tip Number 3
Showcase your analytical skills! Bring examples of how you've resolved discrepancies or improved processes in previous roles. We want to see your problem-solving abilities in action, so be ready to share those success stories.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who take the initiative to connect directly with us.
We think you need these skills to ace Billing & Collection Specialist in City of London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your experience in billing and collections, especially any roles related to insurance. We want to see how your skills match the job description, so don’t be shy about showcasing your analytical mind and customer service experience!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you’re the perfect fit for the Billing & Collection Specialist role. Share specific examples of how you've tackled financial challenges or improved processes in previous jobs. We love a good story!
Show Off Your Excel Skills: Since the role requires intermediate Excel skills, make sure to mention any relevant experience you have with spreadsheets and analytics. If you’ve created reports or managed data feeds before, let us know! We’re keen on those details.
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it shows us you’re proactive and ready to take the next step in your career!
How to prepare for a job interview at Asset Resourcing
✨Know Your Numbers
Brush up on your financial knowledge, especially around billing and collections. Be ready to discuss how you've managed receivables and payables in the past, and prepare examples of how you've resolved discrepancies or improved processes.
✨Showcase Your Customer Service Skills
Since this role involves a lot of interaction with customers, think of specific instances where you've provided excellent support. Highlight your communication skills and how you’ve handled inquiries or issues effectively.
✨Excel is Your Best Friend
Make sure you're comfortable with Excel, as it's crucial for this position. Prepare to discuss any reports you've generated or data analyses you've performed. If you have any tips or tricks for using Excel efficiently, share those too!
✨Understand the Industry
Familiarise yourself with the entertainment insurance sector and the specific requirements of the role. Research the company’s programs and be prepared to discuss how you can contribute to their success in managing financial aspects.
