Senior Premium Accounting Lead

Position Summary: The Senior Premium Accounting Lead is responsible for reviewing premium invoices, ensuring compliance with policy terms and regulatory standards, and resolving policyholder inquiries to maintain customer satisfaction. The role manages premium payment processing, conducts reconciliations, and monitors collections to address overdue accounts efficiently. They coordinate policy administration tasks, maintain accurate records, and ensure adherence to insurance regulations. Location: London - UK - Fenchurch What will your job entail? Job Responsibilities: • Reviews premium invoices for policyholders and ensures alignment with policy terms and coverage guidelines. Ensures precision in premium calculations, upholding adherence to accounting standards and regulatory requirements. • Conducts regular reconciliations of premium receipts with bank deposits and accounting records to ensure accuracy and integrity. Generates comprehensive reports on premium collections, outstanding balances, and aging receivables for thorough management review. • Manages and resolves inquiries from policyholders regarding premium invoices and billing discrepancies, ensuring high-quality customer service. • Processes premium payments via multiple methods, including checks, electronic transfers, and credit card transactions, while meticulously reconciling payments with invoices. • Monitors payment collections and proactively addresses overdue accounts, implementing necessary follow-up procedures as required. • Maintains up-to-date and precise records of policyholder information, premiums, and payments within the company's database or management system. • Ensures strict adherence to insurance regulations, accounting standards, and internal policies and procedures governing premium accounting and billing practices. • Identifies opportunities for process enhancement and optimization in premium accounting procedures, including automation and system improvements. • Coordinates policy administration tasks such as data entry, policy issuance, policy updates and maintenance of accurate records. • Remains informed about changes in regulatory requirements and industry best practices relevant to premium accounting and collections. Work Experience and Education: • Bachelor’s degree required; Finance, Accounting and Business Administration, preferred. Any other related discipline or commensurate work experience considered. • Minimum of 2 years of experience in premium accounting or accounting in Insurance Industry is preferred. Disclaimer Ryan Specialty is an Equal Opportunity Employer. We are committed to building and sustaining a diverse workforce throughout the organization. Our vision is an inclusive and equitable workplace where all employees are valued for and evaluated on their performance and contributions. Differences in race, creed, color, religious beliefs, physical or mental capabilities, gender identity or expression, sexual orientation, and many other characteristics bring together varied perspectives and add value to the service we provide our clients, trading partners, and communities. This policy extends to all aspects of our employment practices, including but not limited to, recruiting, hiring, discipline, firing, promoting, transferring, compensation, benefits, training, leaves of absence, and other terms, conditions, and benefits of employment. A multi-time winner of Newsweek’s Most Loved Workplaces and Insurance Business’s Top Insurance Employers, Ryan Specialty is home to some of the brightest talent in the insurance industry. Join our team and help provide innovative solutions for insurance brokers, agents and carriers. Talent Network Not seeing the right job opening? To learn more about future opportunities Introduce yourself and join our talent network Benefits Curious about Ryan Specialty’s benefits? Explore our employee benefits here! Ryan Specialty, LLC and its affiliates (“Ryan Specialty”) do not accept unsolicited resumes or candidate profiles submitted by any staffing agencies, placement services or professional recruiters (“Agencies”), including any submissions made through our website or to email accounts of Ryan Specialty employees. Agencies must be registered in Ryan Specialty’s agency portal and have a fully executed contract for service between Ryan Specialty and the Agency. Agency fee agreements will only be valid if provided in such fully executed contract between Ryan Specialty and the Agency. Any unsolicited resume or candidate profile received from an Agency without prior approval from Ryan Specialty’s HR department and in compliance with Ryan Specialty’s candidate submission process shall be considered unsolicited, gratuitous and property of Ryan Specialty for recruiting purposes and, as such, is not subject to payment of any Agency fees.