
Accounts Receivable Specialist
1 day ago
Job Title: Accounts Receivable Specialist
Description:We are seeking a highly skilled Accounts Receivable Specialist to join our team. The ideal candidate will have experience in managing accounts receivable balances, making regular outbound calls to insurance companies and policyholders, and resolving payment discrepancies.
The successful candidate will be responsible for monitoring and managing accounts receivable balances related to insurance premium collections and claim reimbursements. They will also make regular outbound calls to insurance companies, brokers, and policyholders to follow up on outstanding invoices and payments.
To succeed in this role, the candidate must have excellent communication and negotiation skills, as well as proficiency in MS Excel and accounting/ERP software. A bachelor's degree in commerce, finance, accounting, or a related field is required.
Key Responsibilities:
- Monitor and manage accounts receivable balances related to insurance premium collections and claim reimbursements.
- Make regular outbound calls to insurance companies, brokers, and policyholders to follow up on outstanding invoices and payments.
- Resolve payment discrepancies and coordinate with internal teams to clarify billing issues.
- Maintain accurate records of communication, commitments, and payment status in the system.
- Reconcile customer accounts and update ledgers with received payments.
- Generate aging reports and escalate delinquent accounts as needed.
- Ensure compliance with company policies, IRDAI guidelines, and audit requirements.
- Support month-end closing processes related to revenue and receivables.
- Build and maintain strong relationships with clients and insurance partners to ensure prompt resolution of queries.
Requirements:
- Bachelor's degree in commerce, finance, accounting, or a related field.
- 1-3 years of experience in accounts receivable, preferably within the insurance or financial services sector.
- Proven experience in calling/following up for collections or coordination with clients/insurance partners.
- Excellent verbal and written communication skills in English (regional language is a plus).
- Proficiency in MS Excel and accounting/ERP software (e.g., Tally, SAP, or similar).
- Strong analytical, negotiation, and time management skills.
- Ability to work independently and as part of a team under tight deadlines.
Benefits:
- 5 Days working
- US Shift (5:30 PM - 2:30 AM IST)
Key Skills:
- Account Receivable
- Account Payable
- Insurance
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