Insurance Accounting Senior AssociateBrentwood, TN
ABOUT US At HUB International , we are a team of entrepreneurs. We believe in empowering our clients, and we do so by protecting businesses and individuals in our local communities. We help businesses evaluate their risks and develop solutions tailored to their needs. We believe in empowering our employees. As a global firm, we offer employees resources in both technology and industry expertise, but we still maintain the local flavor of our offices. Our structure enables our teams to maintain their own unique, regional culture while leveraging support and resources from our corporate centers of excellence.HUB is the 5th largest global insurance and employee benefits broker, providing a boundaryless array of property, casualty, risk management, life and health, employee benefits, investment and wealth management products and services. With over 17,000 employees in more than 550 offices throughout North America, HUB has grown substantially, in part due to our industry leading success in mergers and acquisitions. About the Position This position reports to the Insurance Accounting Supervisor and is responsible for the Premium Payables and Broker Commission Payables process for the Property & Casualty, Benefits and Wholesale business in various Broker Management systems, G/L systems and any additionally acquired systems. This individual is responsible for ensuring premiums are remitted to the carriers timely and accurately according to carrier market terms, as well as ensuring broker commissions are paid to external brokers in accordance with company policies. Essential Duties and Responsibilities:
Focus on expedient resolution of billing discrepancies and obtain missing carrier invoices/statements from insurance carriers and wholesalers, to achieve three-way match status and timely disbursement
Prepare reconciliations in the Broker Management System in conjunction with invoices and/or statements received from markets in accordance with payment terms
In conjunction with the Supervisor, review daily disbursement packages for completeness and accuracy
Monitor timely resolution of billing discrepancies, to achieve a three-way match status on or before payment due date
Process return premium requests to clients and premium finance companies
Assist team members in handling complex items in a timely pro-active manner that ensures compliance with procedures and guidelines
Prepare analysis of aged open payables on a periodic basis
Analyze, research, and resolve complex problems
Support and implement process efficiencies
Build and maintain positive working relationships with client service operations team and markets
Provide training and mentorship to other team members
Contribute to a cooperative team environment in which cross functions are assumed as necessary to meet department deadlines and goals
Other duties as assigned Required Experience:
High school diploma or equivalent
At least 3 years of experience in the accounting field
Experience in a shared services accounting environment preferred
Insurance brokerage experience preferred
Excellent written and verbal communication skills
Intermediate/advanced Word and Excel skills required
Strong analytical and problem-solving skills
Ability to work under pressure to meet deadlines
High degree of accuracy with a good eye for detail
Self-motivated and proactive
Demonstrated ability to take initiative and achieve results in a fast-paced and changing environment
Must have some flexibility of work hours and have ability to potentially put in extra hours during peak times About Specialty Program Group: Specialty Program Group (SPG) is the wholesale & MGA division of HUB International (5th Largest Global Broker). SPG acts in a holding company capacity acquiring best in class underwriting businesses to operate independently under discrete brands (portfolio companies). JOIN OUR TEAM Do you believe in the power of innovation, collaboration, and transformation? Do you thrive in a supportive and client focused work environment? Are you looking for an opportunity to help build and drive change in a rapidly growing and evolving organization? When you join HUB, you will be part of a community of learners and doers focused on helping our leaders maximize the potential of their employees.
Additional Job Description Additional Job Description
Department Accounting & Finance
Required Experience: 1-2 years of relevant experience
Required Travel: No Travel Required
Required Education: High school or equivalent
HUB International Limited is an equal opportunity and affirmative action employer that does not discriminate on the basis of race/ethnicity, national origin, religion, age, color, sex, sexual orientation, gender identity, disability or veteran's status, or any other characteristic protected by local, state or federal laws, rules or regulations. The EEO is the Law poster and its supplement is available here athttp://www.dol.gov/ofccp/regs/compliance/posters/ofccpost.htm.
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Hi, we’re HUB.
In a rapidly changing world, we advise businesses and individuals on how to prepare for the unexpected.
When you partner with us, you're at the center of a vast network of experts who will help you reach your goals through risk services, claims management, and compliance support.
And this gives you the peace of mind that what matters most to you will be protected — through unrelenting advocacy and tailored insurance solutions that put you in control.
About HUB International
Headquartered in Chicago, Illinois, HUB International Limited (HUB) is a leading full-service global insurance broker providing property and casualty, life and health, employee benefits, investment and risk management products and services. From offices located throughout North America, HUB’s vast network of specialists provides peace of mind on what matters most by protecting clients through unrelenting advocacy and tailored insurance solutions. For more information, please visit hubinternational.com.