Bachelor's degree in Accounting or a related field of study
This position suits candidates with at least 3 years as a Supervisor/Coordinator or in a similar position in the insurance industry as well as work related responsibilities.
Good knowledge in insurance Finance/Accounting and Collections processes
Willing to Collaborate with stakeholders to identify reporting needs and developing custom reports to meet those needs.
Capacity to analyze and interpret data to identify trends, opportunities, and risks.
Proficient in using Power BI, MS Office, advance Excel (macros) – a must; Access, Data mining
CRM software experience
Financial Insurance Analysis related to collections
Strong customer service and client relationship building skills
Ability to lead and develop the team
English level knowledge: advanced.
General understanding of accounts receivable and billing processing.
Committed, organized and analytical.
Excellent communication and negotiation abilities.
Efficient time management.
Persistent, proactive, resilient and engagement are essential
Excellent interpersonal skill
Strong problem-solving skills.
Willing and able to adapt to change.
Ability to perform multiple tasks and work under pressure.
Full description
Who we are?
American International Group, Inc. (AIG) is a leading global insurance organization. Building on 100 years of experience, today AIG member companies provide a wide range of property casualty insurance, life insurance, retirement solutions, and other financial services to customers in more than 80 countries and jurisdictions. These diverse offerings include products and services that help businesses and individuals protect their assets, manage risks, and provide for retirement security.
Get to know the business:
General Insurance is a leading provider of insurance products and services for commercial and personal insurance customers. It includes one of the world’s most far-reaching property casualty networks. General Insurance offers a broad range of products to customers through a diversified, multichannel distribution network.
About the role - What you need to know:
Collection Supervisor is responsible for Reporting and Analysis: Preparing regular reports on key operational metrics and presenting them to senior management. Additionally, this role analyzes data and provides insights to support strategic decision making and drive operational improvements. The supervisor must ensure that financial information is delivered in a timely manner to the corporate, through the finance center or accounting area. It will also respond to requirements from local authorities and/or internal or external audits.
This position will collaborate with other departments, such as Distribution, Finance, and Lines of business, to ensure seamless coordination and alignment of operational activities with broader organizational goals.
The role will support other collection’s areas overseeing and managing the team with the review of open accounts, identifying issues attributing to account delinquency and discussing them with the line business manager; design and deliver KPI on collections performance, providing regular updates to the Local Collections leader. In addition, will collaborate with other departments to solve complex collection issues, as well as assisting projects related to the Collections processes.
This role also include:
Team Leadership: Providing effective leadership, conducting regular performance evaluations, fostering a positive work environment and development of people.
Develop and implement strategies to optimize collections management.
Reviewing, approving and signing off accounting records related to collections
Relationship Management: Building and maintaining strong relationships with our clients (internal and external)
Provide customer service, resolve situations presented by producers, insured and internal clients, related to premium payments, such as attention to unrecognized charges, duplicate charges and other collection questions
Performance Monitoring: monitoring the performance of collections team, tracking key metrics, such as aging reports, Bad debt reserve and recovery ratios. Analyze data to identify trends, areas for improvements and implement new strategies to enhance overall performance.
Follow up of premium receivables / paid premiums, monitoring the monthly cash budget.
Process Improvement: Continuously assessing and improving collections process to enhance efficiency and effectiveness. Streamline and optimize operational processes across different departments, ensuring maximum productivity.
Training Producers and Distribution teammates
Reporting and Analysis: Generating regular reports and KPI
Compliance: ensuring compliance with regulations and company policies in all collections activities.
Working with the best practices and regulatory changes, implementing necessary adjustments to maintain legal collections practices.
What we’re looking for:
Bachelor's degree in Accounting or a related field of study
This position suits candidates with at least 3 years as a Supervisor/Coordinator or in a similar position in the insurance industry as well as work related responsibilities.
Good knowledge in insurance Finance/Accounting and Collections processes
Willing to Collaborate with stakeholders to identify reporting needs and developing custom reports to meet those needs.
Capacity to analyze and interpret data to identify trends, opportunities, and risks.
Proficient in using Power BI, MS Office, advance Excel (macros) – a must; Access, Data mining
CRM software experience
Financial Insurance Analysis related to collections
Strong customer service and client relationship building skills
Ability to lead and develop the team
English level knowledge: advanced.
General understanding of accounts receivable and billing processing.
Committed, organized and analytical.
Excellent communication and negotiation abilities.
Efficient time management.
Persistent, proactive, resilient and engagement are essential
Excellent interpersonal skill
Strong problem-solving skills.
Willing and able to adapt to change.
Ability to perform multiple tasks and work under pressure.
A look at our benefits:
At AIG, we have a 100-year legacy of working to make the world a better place. And that begins with our employees. We’re proud to offer a range of employee benefits and resources that help you protect what matters most – your health care, savings, financial protection, and wellbeing. We provide a variety of leaves for personal, health, family, and military needs. For example, The “Giving Back” program allows you to take up to 16 hours a year to volunteer in your community.
We also believe in fostering our employees’ development and offer a range of learning opportunities for employees to hone their professional skills to position themselves for the next steps of their careers. AIG also has a tuition reimbursement program for eligible employees to enhance their education, skills, and knowledge in areas that relate to their current position or future positions to which they may transfer or progress.
We are an Equal Opportunity Employer:
It has been and will continue to be the policy of American International Group, Inc., its subsidiaries and affiliates to be an Equal Opportunity Employer. We provide equal opportunity to all qualified individuals regardless of race, color, religion, age, gender, gender expression, national origin, veteran status, disability or any other legally protected categories. At AIG, we believe that diversity and inclusion are critical to our future and our mission – creating a foundation for a creative workplace that leads to innovation, growth, and profitability. Through a wide variety of programs and initiatives, we invest in each employee, seeking to ensure that our people are not only respected as individuals, but also truly valued for their unique perspectives
At AIG, we value in-person collaboration as a vital part of our culture, which is why we ask our team members to be primarily in the office. This approach helps us work together effectively and create a supportive, connected environment for our team and clients alike.
Enjoy benefits that take care of what matters
At AIG, our people are our greatest asset. We know how important it is to protect and invest in what’s most important to you. That is why we created our Total Rewards Program, a comprehensive benefits package that extends beyond time spent at work to offer benefits focused on your health, wellbeing and financial security—as well as your professional development—to bring peace of mind to you and your family.
Reimagining insurance to make a bigger difference to the world
American International Group, Inc. (AIG) is a global leader in commercial and personal insurance solutions; we are one of the world’s most far-reaching property casualty networks. It is an exciting time to join us — across our operations, we are thinking in new and innovative ways to deliver ever-better solutions to our customers. At AIG, you can go further to support individuals, businesses, and communities, helping them to manage risk, respond to times of uncertainty and discover new potential. We invest in our largest asset, our people, through continuous learning and development, in a culture that celebrates everyone for who they are and what they want to become.
Welcome to a culture of inclusion
We’re committed to creating a culture that truly respects and celebrates each other’s talents, backgrounds, cultures, opinions and goals. We foster a culture of inclusion and belonging through learning, cultural awareness activities and Employee Resource Groups (ERGs). With global chapters, ERGs are a cornerstone for our culture of inclusion. The talent of our people is one of AIG’s greatest assets, and we are honored that our drive for positive change has been recognized by numerous recent awards and accreditations.
AIG provides equal opportunity to all qualified individuals regardless of race, color, religion, age, gender, gender expression, national origin, veteran status, disability or any other legally protected categories.
AIG is committed to working with and providing reasonable accommodations to job applicants and employees with disabilities. If you believe you need a reasonable accommodation, please send an email to candidatecare@aig.com.