Hub International Premium Payables Specialist in Riverside, California
About HUB International:
HUB International Limited (“HUB”) is the 7th largest global insurance and employee benefits broker, providing a broad array of property, casualty, risk management, life and health, employee benefits, investment and wealth management products and services. With over 10,000 employees in 450 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 directly to the Premium Payables Supervisor and functions as part of a team. The team is responsible for the Premium Payables and Broker commission payables process for the Property & Casualty, Benefits and Wholesale business in various Broker Management system(s), GL system(s) and any additionally acquired systems. Key responsibilities include ensuring premiums are remitted to the carriers accordingly to carrier market terms and broker commissions are paid to external brokers on a periodic basis timely and accurately in accordance with company policies.
Role Description & Responsibilities:
Function as primary contact with assigned insurance markets; focus on expedient resolution of billing discrepancies, obtain missing carrier invoices/statements from Insurance carriers and wholesalers in order 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.
Monitor timely resolution of billing discrepancies in order to achieve a three-way match status on or before payment due date.
Process return premium requests to clients and premium finance companies.
Prepare analysis of aged open payables on a periodic basis.
Analyze, research and resolve exceptions.
Build and maintain positive working relationships with client service operations team and markets.
Contribute to a cooperative team environment in which cross functions are assumed as necessary in order to meet department deadlines and goals.
Other duties as assigned.
Requires at least 2 years’ experience in accounting field.
Experience in a shared services accounting environment preferred.
Insurance Brokerage Experience preferred.
Must have excellent written and verbal communication skills
Intermediate Word and Excel Skills required
Strong analytical and problem solving skills
Work under pressure to 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.
High School Diploma or equivalent required and college courses in accounting required.
Location: United States, California, Riverside
Required Education: High school or equivalent
Required Experience: 1-2 years
Required Travel: No travel required
Date published: 5-Sep-2018
Department: Accounting & Finance
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 at http://www.dol.gov/ofccp/regs/compliance/posters/ofccpost.htm .
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