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Requisition Number 19-0027
Post Date 4/30/2019
Title Premium Billing Specialist
City Oklahoma City
State OK

CompSource Mutual is seeking a highly analytical and detail-oriented professional for the position of Premium Billing Specialist. This position is responsible for performing specialized premium billing, accounting, and technical work related to the maintenance and reconciliation of policyholder premium accounts and other related insurance specific transactions.

FLSA Classification: Non-exempt
Pay Range: $14.43 to $17.90 per hour
Reports to: Premium Billing Supervisor
Supervisory Duties: No


  • Prepares, maintains, posts, and/or adjusts premium billing records including payroll reports and final audits within assigned authority. 
  • Reviews and processes monthly or quarterly payroll reports and reviews and approves final audits through reconciliation of codes and figures for processing.
  • Responds to premium billing inquiries and assists or advises policyholders, co-workers, agents, and others concerning billing actions and other information including billing transactions, discrepancies, or changes in a courteous, friendly, and helpful manner.
  • Initiates action for disbursement of payments.
  • Reviews, analyzes, and processes daily reports concerning payments received for insurance premiums and other fiscal transactions related to policyholders accounts. 
  • Researches causes of discrepancies and takes corrective action in coordination with supervisors and/or other affected departments.
  • Prepares various reports, worksheets, statements, and other documents including monthly reports to Underwriting Administration.
  • Prepares, processes, and monitors payment plans and promissory notes to ensure monies owed are timely paid. Monitors EFT (Electronic Fund Transfer).
  • Initiates or requests policy cancellations and/or reinstatements.


  • Customer Focus
  • Quality
  • Decision Making
  • Teamwork

Education and Experience

  • High school diploma or GED required.
  • Advanced education may be considered in lieu of work experience.
  • 2 years of business office or accounting experience required.
  • Experience in the maintenance, analysis and reconciliation of insurance premium billing or underwriting of insurance experience preferred.

Other Requirements

This position requires the physical ability to perform extensive repetitive motions in using a computer and the routine use of other office equipment.  Work is typically performed while sitting and does not require heavy lifting.  Must be willing and able to perform all job-related travel.

This job description does not imply an employment contract.  This is an employment-at-will position.

Salary is commensurate with experience within the range listed above. Applicants must be willing and able to fulfill all job-related travel.

CompSource Mutual offers competitive compensation and a comprehensive benefits package. Employees receive a benefits package that includes Medical, Dental, and Vision, Life and AD&D Insurance, at a minimal cost to the employee. We also offer a Company Match 401(k) Plan for employees who elect to participate. CompSource Mutual is excited to offer personal time off (PTO), wellness leave, and parental leave as part of the paid time-off options.

An Equal Opportunity Employer

  • Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities.
  • Please view Equal Employment Opportunity Posters provided by OFCCP here.
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An Equal Opportunity Employer