Director of Premium Accounting
The Director of Premium Accounting will report to the VP of Policy Administration. This position is responsible for oversight and overall management of all aspects of Premium Accounting and direct reports.
- Responsible for oversight and overall management of all areas of Premium Accounting (in conjunction with direct reports), including all aspects of payment processing, daily balancing and wires, account reconciliations, returned items, allotments, Worksite marketing, reinstatements, additional coverage requests, bank drafts, etc.
- Serve as the functional NACHA expert for the TMK organization. NACHA is the governing body that develops rules and standards that foster compatibility and integration across a range of payment systems. (ACH Network, EBT, EFT)
- Serve as the functional Premium Accounting process expert for any enterprise wide project or initiative.
- Manage all banking relationships specific to premium processing.
- Manage all third party relationships specific to premium processing.
- Primary point of contact for all Internal / External audit or regulatory requests.
- Escalation point of contact for Internal / External LNL Worksite Payment issues.
- T. Liaison for testing and implementation of projects related to Premium Accounting, Life Claims Audit Group, and Projects related to OKC business analyst group.
- Manage and oversee all operational aspects of the Life Claims Audit Group.
- Manage and oversee all operational aspects of the OKC Business Analyst Group.
- Manage and oversee all operational aspects of the Premium Item Processing Area.
- Ensure the completion of various daily, weekly, and monthly reports for senior management analysis and decision making.
- Responsible for completing performance appraisals of direct reports.
- Review and approve payroll and production for hourly employees.
- Identify system and process improvement opportunities. Make recommendations to senior management.
- Monitor cost per unit throughout the department and identify causes of increases and decreases.
- Review and submit invoices for payment.
- Provide development and coaching to direct reports.
- Some travel required.
Required Skills
- Advanced skills in Microsoft Office, particularly Excel
- Excellent problem solving and analytical skills
- Proficient in Accounting & Reconciliation concepts
- Ability to multitask
- Project Management
- In depth knowledge of remittance / payment systems
- Understanding of basic Audit protocol / procedure
- Ability to coordinate resources, processes, and projects across departments
- Excellent written and oral communication skills
- Previous leadership/management experience
Required Experience
- Bachelor’s degree in Business, Finance, Accounting, or related field
- Experience in remittance processing, insurance, and/or accounting preferred
- Experience in completing, analyzing, and summarizing reports
- Management experience