Accounts Receivable (AR) Executive – Insurance Sector

Accounts Receivable Executive

Key Responsibilities

• Receivables Management

  : Monitor and manage accounts receivable balances specifically related to

  insurance premium collections and claim reimbursements

  .

• Collection & Follow-up

  : Make regular outbound calls to insurance companies, brokers, and policyholders to follow up on outstanding invoices and payments.

• Discrepancy Resolution

  : Resolve payment discrepancies and coordinate with internal teams to clarify billing issues efficiently.

• Record Keeping

  : Maintain accurate records of all communication, commitments, and payment status within the system.

• Account Reconciliation

  : Reconcile customer accounts and promptly update ledgers with received payments.

• Reporting & Escalation

  : Generate aging reports and escalate delinquent accounts as needed to ensure timely resolution.

• Compliance

  : Ensure strict compliance with company policies,

  IRDAI guidelines

  , and audit requirements.

• Month-End Support

  : Support month-end closing processes related to revenue and receivables.

• Relationship Building

  : Build and maintain strong relationships with clients and insurance partners to ensure prompt resolution of queries and foster goodwill.

Required Skills & Qualifications

• Education

  : Bachelor's degree in commerce, finance, accounting, or a related field.

• Experience

  : 1-3 years of experience in accounts receivable, preferably within the

  insurance or financial services sector

  .

• Collections Expertise

  : Proven experience in calling/following up for collections or coordination with clients/insurance partners.

• Communication

  : Excellent verbal and written communication skills in English (knowledge of a regional language is a plus).

• Software Proficiency

  : Proficient in

  MS Excel

  and accounting/ERP software (e.g.,

  Tally, SAP, or similar

  ).

• Analytical Skills

  : Strong analytical, negotiation, and time management skills.

• Work Style

  : Ability to work independently and as part of a team under tight deadlines.

Preferred Qualifications

• Experience working with insurance companies (life, health, or general insurance).
• Knowledge of

  IRDAI regulations

  and the insurance documentation process.
• Familiarity with

  CRM tools or call management systems

  .