Full-Time

Billing Specialist/Analyst

Posted on 6/18/2024

Virtus

Virtus

51-200 employees

Insurance brokerage offering tailored solutions

Consulting
Financial Services

Junior, Mid

Overland Park, KS, USA

Hybrid position based in Overland Park, KS.

Category
Financial Accounting
Financial Analysis
Management Accounting
Accounting
Required Skills
Data Analysis
Requirements
  • 2+ years of related experience.
  • 2–4-year College Degree in a finance/accounting-related field preferred.
  • Proficient knowledge in Microsoft Windows environment, including but not limited to Word, Excel, Power Point, and Outlook. Able to create, edit, and merge spreadsheets, convert PDF’s, etc.
  • Agency Management System experience desired but not required.
  • Detail oriented and well-organized; action results oriented.
Responsibilities
  • Collect, transact, reconcile and record/post insurance carrier commissions statements and payments.
  • Analyze, identify and record unearned commissions.
  • Review, research and resolve commissions not transacted and sitting in open activities.
  • Leverage software automation for process efficiency.
  • Analyze and identify trends to become subject matter expert within scope of duties.
  • Collaborate with Client Service team to resolve billing errors.
  • Build courteous and successful relationships with carriers and Client Service team to maintain efficient practices.
  • Promote teamwork, support, knowledge sharing and a positive attitude in the department and office.
  • Participate in training opportunities to remain current on industry information, new product development, and technology including professional development and continuing education.
  • Assist other departments and on special projects as assigned.

Virtus Insurance provides tailored insurance solutions for businesses, focusing on property and casualty insurance as well as employee benefits. The company employs experienced consultants who work closely with clients to assess their specific needs and risks, allowing them to create customized insurance strategies that help reduce risk and save money. Unlike many competitors, Virtus emphasizes building strong, long-term relationships with clients, which enables them to adapt insurance strategies as client needs evolve. Their Property and Casualty Unit is known for its meticulous risk assessment and execution of precise strategies, while the Employee Benefits Unit focuses on creative, data-driven approaches to enhance employee benefits. The goal of Virtus Insurance is to deliver effective insurance solutions that prioritize client needs and drive cost savings.

Company Stage

Private

Total Funding

N/A

Headquarters

Overland Park, Kansas

Founded

2013

Growth & Insights
Headcount

6 month growth

0%

1 year growth

0%

2 year growth

0%
Simplify Jobs

Simplify's Take

What believers are saying

  • Growing demand for cyber insurance presents new expansion opportunities for Virtus.
  • AI-driven underwriting can enhance Virtus's data-driven consulting services.
  • Increased focus on mental health benefits aligns with Virtus's employee benefits offerings.

What critics are saying

  • Competition from InsurTech startups may erode Virtus's market share.
  • Rising interest rates could affect insurance product pricing.
  • Stricter data privacy regulations may increase compliance costs for Virtus.

What makes Virtus unique

  • Virtus offers highly customized insurance strategies tailored to client needs.
  • The company focuses on building strong, long-term client relationships.
  • Virtus employs experienced consultants for precise risk assessment and innovative solutions.

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