Acknowledger

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Insurance Operations Executive

bengaluru / bangalore
posted 24 Oct 2024

closes 30 Nov 2024

job details

Summery

  • Acknowledger First Pvt Ltd
  • permanent

Bachelor’s Degree

reference number
: AFPL/VeARC/IOE009

Job Description

VeARC is a Centre for Excellence for Long Arc Capital (LAC) in India. LAC provides growth capital to businesses with a sustainable competitive advantage and a strong management team with whom we can partner to build a category leader. We focus on North American and European companies where technology is transforming traditional business models in the Financial Services, Business Services, Technology, Media, and Telecommunications sectors.

We are invested in a portfolio of fast-growing SaaS platform businesses that are leaders in their respective segments across Industry segments. 

The ideal candidate is someone looking for a fast-paced, high-growth environment in a growing company.

Apply to:
hr@acknowledgerfirst.com

  1. Bachelor’s Degree
  2. 1+ years insurance experience (United States)
  3. P&C Insurance
  4. Proficiency in Microsoft Word, Excel and Outlook
  5. Excellent Communication Skills (Verbal & Written)
  • Billing and accounting in insurance process
  • Preferable – AMS360, EPIC, EZLynx, Image Right, and carrier online rating systems experience would be an added advantage.
  1. Maintain the internal dashboard to ensure timely collection of missing/uncollected carrier
  2. Review policies by agency to identify and rectify any discrepancies in the agent’s management system.
  3. Update the dashboard with status information and generate well-formatted reports in
  4. Invoice direct bill carrier statements in the IVANS internal dashboard, meticulously code each statement, and ensure proper reconciliation.
  5. Handle both downloaded and manual statement processing with
  6. Identify and clear unapplied checks in our Pass-through account, running reports from our AMS GL for proper identification.
  7. Thoroughly review each unidentified check, determine appropriate account setup in AMS for application, and promptly notify internal team members of any invoicing needs or missing
  8. Apply payments in AMS via Journal Entries from the GL to the insured accounts, ensuring accurate financial records.
  1. Regularly balance the GL in AMS, proactively identifying and addressing outstanding payments or carrying them forward to the new month.
  2. Compose and send professional emails on behalf of internal
  3. Submit accurate application information for quotations and collaborate with the Placement team.
  4. Monitor submission target dates, taking ownership of tasks and coordinating with internal teams and carrier representatives to meet deadlines.
  5. Utilize carrier online rating systems for in-house rating
  6. Ensure operational accuracy and agility to maximize
  7. Under minimal supervision, this position requires an individual that is self-starting, has an eagerness to learn, and the ability to function as a resource in multiple areas. Work may be performed independently or jointly with team members and subject matter experts. The ability to communicate clearly and effectively to a variety of business partners and stakeholders is also strongly desired. Solid organizational skills are a plus. Must work effectively with others and have a desire to succeed in a virtual/physical team atmosphere.
  8. Reporting and Documentation