Location Designation: Hybrid
When you join New York Life, you’re joining a company that values career development, collaboration, innovation, and inclusiveness. We want employees to feel proud about being part of a company that is committed to doing the right thing. You’ll have the opportunity to grow your career while developing personally and professionally through various resources and programs. New York Life is a relationship-based company and appreciates how both virtual and in-person interactions support our culture.
GBS
This position primarily involves a hybrid work schedule – working remotely: Monday & Friday / on site: Tuesday, Wednesday and Thursday. Under certain circumstances, will consider a remote option.
Role Summary:
This role will be primarily responsible for addressing all internal and external business partner inquiries via email and phone regarding the NYL Group Benefit Solutions billing administration process. This incumbent will need to have a broad understanding of all functional areas with Revenue Management and committed to delivering a high quality level of customer service.
Responsibilities:
- Provides daily internal and external customer service and inquiry resolution with key business partners.
- Acts as client’s primary point of contact for billing/remittance related inquiries.
- Responsible for ensuring client is comfortable with the self-administered process and for calculation of premiums
- Develops a broad understanding of all Revenue Management functions in order to address all client inquiries appropriately. This includes but not limited to premium validations, client onboarding, annual policy information reporting, commissions and delinquency processes.
- Reviews, researches and supports the timely and accurate allocation and reconciliation of premium.
- Conducts premium reconciliation as required and resolves premium receipt discrepancies.
- Recognize and act on premium remittance inconsistencies to ensure that clients are in compliance to the billing administration process.
- Identifies and raises awareness of (and implements as applicable) process improvement initiatives.
- Interprets the billing administration and payment guidelines based on each types of policy and demonstrates proficiency in the understanding of policy difference of each as it relates to addressing client specific questions.
- Make recommendations for improvements and training based on trends.
- Conduct billing administration training calls.
- Review and educate clients on proper remittance support needed to accurately and timely process their payments.
- Navigates our associated banking platforms to research payments.
Qualifications:
- College Degree in Business or Accounting and/or equivalent work experience
- Strong verbal/written communication skills
- Analytical and problem solving ability
- Basic accounting skills
- Strong organizational skills and attention to detail
- Multi-task oriented
- Good interpersonal skills with the ability to work in a team environment: customer focused
- Ability to adapt to change
- PC proficiency with strong knowledge of Windows based software, Outlook ,Word and Excel
This position primarily involves a hybrid work schedule – working remotely: Monday & Friday / on site: Tuesday, Wednesday and Thursday. Under certain circumstances, will consider a remote option.
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Salary range: $42,500-$62,500
Overtime eligible: Nonexempt
Discretionary bonus eligible: Yes
Sales bonus eligible: No
This position is eligible for health and wellness benefits including but not limited to paid vacation, health care insurance and flexible spending accounts, 401K match, and tuition assistance/student loan repayment program.
Recognized as one of Fortune’s World’s Most Admired Companies, New York Life is committed to improving local communities through a culture of employee giving and volunteerism, supported by the Foundation. We’re proud that due to our mutuality, we operate in the best interests of our policy owners. We invite you to bring your talents to New York Life, so we can continue to help families and businesses “Be Good At Life.” To learn more, please visit LinkedIn, our Newsroom and the Careers page of www.NewYorkLife.com.
Job Requisition ID: 86835