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Ascot

Global specialty insurer and reinsurer.

Head of Billing and Collections

Accounts Payable/ReceivableConfirmed live in the last 24 hours
Full-time

About the Job

Requirements

  • A bachelor's degree in Accounting, Finance, Business Administration, or a related field is required; equivalent relevant experience may be considered.
  • At least 10 years of progressive experience in accounts receivable, billing, collections, finance operations, insurance accounting, or a related discipline, including people leadership experience.
  • Deep knowledge of billing operations, collection strategies, receivables management, cash application, internal controls, reconciliations, and financial reporting.
  • Ability to analyze complex account issues, identify root causes, and implement practical, well-controlled solutions.
  • Success leading process improvement, automation, reporting, and operational transformation initiatives.
  • Ability to influence effectively across functions and with external partners.
  • Written and verbal communication skills, including explaining complex issues clearly to senior leaders and business partners.
  • Ability to manage competing priorities in a fast-paced, collaborative environment while remaining organized and detail-oriented.
  • Experience with accounting, billing, collections, ERP, workflow, or reporting platforms.
  • Experience serving as a business subject-matter expert or functional lead on billing-system implementations, including requirements, process design, data conversion, user acceptance testing, training, and adoption.
  • Ability to build trusted relationships with Finance, Operations, Underwriting, Claims, Reinsurance, Treasury, Technology, brokers, clients, and external service providers.
  • Success building and developing high-performing teams and fostering accountability, collaboration, customer service, and continuous improvement.
  • A positive, self-motivated, customer-centric leadership style and commitment to developing people and improving outcomes.

Responsibilities

  • Lead the end-to-end Billing and Collections function, including invoicing, cash application, payment reconciliation, collections, dispute management, unapplied cash resolution, and related receivables activities.
  • Define and execute the Billing and Collections strategy, operating model—including direct, agency, and deductible billing—and target-state roadmap in support of growth, customer experience, controls, and financial objectives.
  • Establish policies, procedures, controls, service standards, and performance metrics for timely, accurate, compliant, and scalable execution.
  • Own receivables and working-capital performance, improving collection effectiveness, cash conversion, aging, unapplied cash, and cash-flow outcomes.
  • Develop risk-based collection strategies that maximize cash realization while preserving relationships with brokers, clients, reinsurers, coverholders, and other partners.
  • Optimize the operating model across automation, outsourced or offshore resources, and internal teams to achieve service, control, quality, and cost objectives.
  • Manage outsourced billing and collections providers and hold them accountable for contractual commitments, service-level agreements, controls, and key performance indicators.
  • Use data, analytics, and predictive monitoring to identify collection risks, prioritize recovery efforts, strengthen cash-flow forecasting, and support proactive decisions.
  • Oversee analysis and resolution of aged receivables, past-due balances, unapplied cash, payment discrepancies, returned payments, disputes, and other complex account issues.
  • Develop executive reporting and dashboards covering aging, collections effectiveness, cash-application timeliness, dispute trends, working capital, cash flow, operational quality, receivables risk, and service performance.
  • Partner with Underwriting, Claims, Reinsurance, Treasury, Finance, Operations, Technology, Legal, Compliance, and business leaders to resolve systemic issues and improve performance.
  • Serve as the senior escalation point for complex broker, client, reinsurer, and internal stakeholder matters involving billing, collections, payment application, and account status.
  • Drive continuous improvement, automation, and standardization, including leadership in the Guidewire billing implementation and use of data, technology, and AI-enabled tools.
  • Support month-end, quarter-end, and year-end close by ensuring accurate receivables reporting, reconciliations, documentation, controls, and timely issue resolution.
  • Build, lead, coach, and develop a high-performing team with clear expectations, strong capabilities, career development, and accountability.
  • Model The Ascot Way through inclusive collaboration, ownership, and commitment to an engaged, high-performing culture.

Desired Qualifications

  • Experience in insurance, reinsurance, financial services, specialty insurance, workers’ compensation, or another complex, transaction-intensive environment is strongly preferred.
  • Guidewire BillingCenter or comparable Guidewire experience is strongly preferred.

About the Company

Ascot

Global specialty insurer and reinsurer.

Ascot Group is a global specialty insurer and reinsurer providing property and casualty coverage through Lloyd’s and Bermuda platforms. In the United States, it offers specialized insurance for small and mid-sized businesses and provides underwriting services to carrier and syndicate partners, while worldwide it underwrites risk and issues policies and reinsurance. Its approach combines international market access with a dedicated SME focus and capacity-building services for partners. The goal is to deliver a wide range of property and casualty protection with strong underwriting discipline and reliable claims service for clients and partner markets.

Company size
1,001-5,000
Company stage
Debt Financing
Total funding
$350M
Headquarters
Hamilton, Bermuda
Founded
2001

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