Collections Representative
American International Group - Berkeley Heights, NJ

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Collector would be responsible for ‘owning’ an assigned territorial region within AIG’s Commercial Insurance Group’s’ risk management loss sensitive business sector. They would be accountable for all premium collection and cash allocation for an approximate monthly forecasted premium of $35M. This includes deposit premiums, guaranteed cost audits and retrospective adjustment premiums. This is their primary function since this collection aspect feeds into our Controllers investment opportunities, so a minimum of an 85% success rate of satisfaction and accuracy is expected for their territorial population on deposit premium and approximately 65% collection rate on audits and adjustments. Success will be determined by our metrics reporting and management reviews.
Their job expectations may also include other tasks as deemed necessary within the collection process, such as collecting cash security, escrow and claims payment funds, initiating disbursements, processing reclass vouchers to balance the inflow and outflow from AIG’s different general ledgers, and reconciling outstanding receivables in our receivable system. They are expected to deal and communicate with various professionals and business partners, such as underwriters, brokers, insureds, and regional service coordinators who are the backbone of the collection function. Updating of various reports and meeting deadlines are a critical aspect of the departmental expectations.

We are looking for an assertive and dedicated individual with a slant towards detail and accuracy.
Knowledge of SAP, Microsoft Excel and Microsoft Access is a definite PLUS. Good verbal and communication skills are essential.

Position Requirements

American International Group - 2 years ago - save job - copy to clipboard
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American International Group, Inc. (AIG) is a holding company which, through its subsidiaries, is engaged in a range of insurance and...