Account Administrator

Simply put, we are one of the nation's largest independent, privately held firms specializing in employee benefits, retirement plans, and all their associated compliance needs. Since 2008, we have grown by acquiring over 60 local and national firms that have been trusted members of their communities for decades. We hold the coveted "Best Places to Work - USA," certification and serve more than 22,000 employer groups and 3.6 million plan participants nationally.

Daybright Financial also operates a dedicated independent divisional team,
Daybright Broker Solutions
, to further enhance the services, support, and marketing resources to grow the businesses of benefits brokers and consultants and enable professional employer organizations (PEOs) to bring more to the table for their clients - through the seamless delivery of Fortune 500-level health and financial wellness solutions.

For more information on Daybright Financial, visit . Follow Daybright on Linked In
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Daybright is currently seeking an Account Administrator to join our Broker Solutions Segment located in Owings Mills, MD
. Be part of a team of thought leaders and seasoned benefits and retirement planning professionals.

The Account Administrator processes payroll deducted premiums received from employer groups/clients and remits to corresponding insurance carriers within mandated contractual deadlines; and notes when over or underpayments have been made and investigates causes, resolving as needed. The Account Administrator builds a relationship with the client's payroll department and serves as an administrative liaison for client and insurance carrier.

This position works on regularly scheduled tasks under some supervision with access to resources to which issues may be escalated. Additional duties and responsibilities may be assigned or reassigned to this job at any time.

• Learn and become proficient using internal premium accounting software.
• Run Daily Account Balance report.
• Balance debit and credit transactions
• Research & resolve when out of balance
• Escalate complex issues to Team Lead or Management
• Review and process payroll deductions and resolve discrepancies. Upload and download reports and premium deduction for processing.

• Work with internal departments (Customer Service & New Business) to make corrections prior to submitting additions, terminations, and change reports to clients.
• Send discrepancy report to clients after account reconciliation.
• Work with clients to resolve deduction discrepancies in a timely manner.
• Process carrier payments, cancellations, terminations, premium corrections, refunds

• Work/Reconcile group reports weekly or monthly to standards defined by management as assigned.
• Generate, review, and send monthly carrier payment detail reports.
• Audit carrier invoices when requested.

• Respond timely to internal and external emails and phone calls May require extensive research for resolution.
• Contribute to the success of the team by assisting with procedure development, testing, and cross training with other roles in the group.

• Microsoft Office proficiency, required with strong focus in Excel.
• Must be able to prioritize and effectively manage multiple priorities under deadlines without losing accuracy.
• Excellent oral and written communication skills to effectively relay information to coworkers and external clients, insurance carriers, and vendors.
• Must be well-organized and detail-oriented while adhering to scheduled duties and deadlines.
• Critical thinking and keen problem-solving skills, with the ability to recognize anomalies from reports and anticipate potential issues that may result.
• Team player with the ability to get along with others at all levels of the company, with good listening skills and professional behavior.
• Punctuality, reliability, and consideration for team, and how your role affects the group.

• Business/Accounting certificates, associate degree or higher in Business, Accounting, or related field. College credit hours required, or High…