Accounts Payables - Premium payables.

Role and Skill: Accounts Payables - Premium payables.

Experience: 4 years to 6 years

Job Location: Pune

Shift: 24x7

Job Qualification:- B.com, M.com, MBA or equivalent

Responsibilities :-

• Strong understanding of producer and broker payable operations, ensuring accurate and timely completion of commission and bonus payments. Demonstrates ability to provide guidance or training to another employee.
• Monitor, review and approve producer and broker payable transactions, including commissions, bonuses, and other related payments.
• Collaborate with internal departments, such as accounting, sales, and human resources, to gather necessary information and resolve any payment-related issues.
• Completes a higher volume of tasks and demonstrates ability to navigate complex processes.
• Accurate and timely receipt, posting, and reconciliation of direct bill commissions from insurance companies on a daily, weekly, and monthly basis
• Process corrections and changes to broker commission rates as necessary.
• Track direct bill commission information not limited to carrier name, date check received, commission amount, and date processed and completed. Ensure all changes are noted.
• Frequently coordinate and correspond with other internal departments.
• investigate and resolve issues not limited to commission discrepancies, and follow up on outstanding items
• Ensure all correspondence and requests are documented and attached to the appropriate file in the appropriate systems

Skills & Experience :-

• Bachelor of Science degree in accounting, finance, or a business-related field.
• 1-6 years of relevant accounting experience in the insurance brokerage industry or P&C insurance is preferred.
• Working knowledge of various insurance agency management systems (AMS) such as Benefit Point Applied EPIC is preferred.
• Proficient with MS Office Suite.
• Ability to maintain a high level of confidentiality.
• Strong analytical and organizational skills with attention to detail .
• Ability to execute transactions as per prescribed guidelines and timelines in order to meet the SLA and quality standards.
• Willingness to work in US shift hours (CST hours).