Billing Specialist

A busy company in the Morristown area is seeking a Billing Specialist to join their growing company. This Billing Specialist will get the chance to join a growing team that works well with each other and offers a flexible working schedule. The ideal Billing Specialist will ahve 2+ years of billing experience and have intermediate Excel capabilities. Responsibilities of this Billing Specialist will include but not be limited to:

Responsibilities:

• Accurately and efficiently carry out the processing of customer credit applications.
• Maintain precise records of customer credit.
• Resolve customer inquiries in a timely and detail-oriented manner.
• Monitor customer accounts and take necessary actions as required.
• Generate and distribute monthly bordereau billings to coinsurers and insureds.
• Update policy share tables and contact information as needed.
• Conduct the month-end process to create monthly Vertical Plan statements.
• Complete and distribute monthly Self-Insured Retention (SIR) billings.
• Administer the creation and distribution of revolving fund billings.
• Manage fund movement through the creation of deposit and withdrawal forms.
• Balance revolving funds prior to collection and propose fund increases & decreases according to activity.
• Refund revolving funds when all claims are closed and serve as a backup for clearing receivables.
• Post advances received on specific claims and revolving funds received on specific policies.
• Release payments on Slow Pay queue in Nexus when necessary and answer co-insurers’ and insureds inquiries regarding their billing and revolving fund status.

• Minimum of 2 years of experience in a billing role
• Proficiency in using billing software
• Excellent mathematical skills
• Strong attention to detail and high level of accuracy
• Ability to handle confidential and sensitive information with discretion
• Excellent organizational skills, ability to prioritize tasks effectively
• Strong communication skills, both verbal and written
• Proficient in Microsoft Office Suite, particularly Excel
• Familiarity with generally accepted accounting principles (GAAP)
• Ability to work well under pressure and meet tight deadlines
• Associate's or bachelor's degree in finance or related field preferred.