Insurance Premium Reconciliation Analyst

23 hours ago

Mandaluyong City, National Capital Region, Philippines Bonifacio Insurance Broker Corporation Full time ₱20,000 - ₱25,000 per year

Job Summary: The Insurance Premium Reconciliation Analyst will be assigned in reviewing and reconciling insurance policies with payment and booking records. The position plays an important role in the accuracy of premiums billings, identifying and documenting discrepancies while coordinating with the concerned units. The analyst will mainly support to resolve the premium billings backlog from 2023 and below and assist with documentation and reporting.

Key Responsibilities:

· Premium Reconciliation:

  • Review and reconcile insurance policies against payment and booking records across multiple accounts and insurers, focusing on 2023 and below premium billings.

· Discrepancy Management:

  • Tag and accurately document all discrepancies identified during the reconciliation process.

· Coordination & Resolution:

  • Coordinate actively with account officers, finance, and insurers to resolve premium payment status discrepancies.

· Reconciliation Tracker:

  • Maintain and regularly update the reconciliation tracker, ensuring data integrity and accessibility.

· Document Support:

  • Support document retrieval and encoding efforts as needed to facilitate reconciliation and reporting.

· Reporting Assistance:

  • Assist in generating monthly reports related to premium reconciliation and outstanding items.

Qualifications:

  • Experience in accounting, finance, or insurance back-office operations, particularly with reconciliation.
  • Strong attention to detail and accuracy in data review.
  • Proficiency in using Microsoft Excel (filters, pivot and basic formula)
  • Ability to manage and prioritize multiple tasks effectively.
  • Familiarity with insurance premium billing processes is a plus.

Job Type: Fixed term

Contract length: 6 months

Pay: Php20, Php25,000.00 per month

Education:

  • Bachelor's (Preferred)

Experience:

  • Account reconciliation: 2 years (Preferred)

Work Location: In person

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