Collections Officer

1 month ago


Melbourne, Victoria, Australia FM Global Full time
Job Title: Collections Officer

FM Global is seeking a highly skilled and experienced Collections Officer to join our APAC Finance team in Melbourne. As a key member of our team, you will be responsible for performing all collection activities in compliance with clearly defined policies and procedures to support efficient cash flow and ensure timely payment of premiums from customers, brokers, or co-insurers.

Responsibilities:
  • Monitor, expedite, and finalize collection of all premiums due, focusing on items where effective collections can take place, bad debt provision items, and unallocated cash.
  • Support the efforts of the Operations' Account Teams in the resolution of outstanding premiums.
  • Collaborate with the Account Teams to ensure that invoices are issued, and premiums are paid within specified time frames.
  • Maintain accurate records on incoming payments and report results to the local Manager, Finance on a weekly basis.
  • Support local Manager, Finance with other duties as may from time to time be deemed appropriate.
  • Participate in meetings with Operations Account Teams regarding Key Accounts, Pre-Renewal discussions, and/or Captive or Reinsurance panel involvement.
  • Review and reconcile complex bordereaux payments and/or payment histories for brokers, insureds, and work with Accounts Receivable for accurate allocation.
  • Independently arrive at decisions on day-to-day issues in the absence of the local Manager, Finance and/or corporate Supervisor/Manager, Collections.
Qualifications:
  • Associates Degree in Business, or A-level diploma, or equivalent, as a minimum.
  • Minimum 2 years of experience in an insurance industry, preferable or in financial services.
  • Knowledge of and experience in Collections, Accounts Receivable, or commercial insurance policy processing.
  • Ability to work independently within specific timeframes and deadlines.
  • Possess critical thinking and problem-solving skills and attention to detail.
  • Excellent interpersonal and communication skills.
  • Excellent organisational skills, and ability to recognize and schedule priorities.
  • Proficiency in Microsoft Outlook, Excel, and Word, and PeopleSoft/Oracle or other accounting packages preferred.
What is on offer:
  • Career development and training opportunities.
  • Supportive and collaborative team environment.
  • Tuition reimbursement.
  • Rich health and well-being programs.
  • Volunteer days and so much more.

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