Accounts Payable Specialist-Premium
About HUB:
Hub International is a top 10 global insurance broker providing a broad array of property, casualty, risk management, life and health, employee benefits, investment and wealth management products and services. Our regional offices throughout North America are dedicated to helping individuals and businesses evaluate and manage their risks and insurance needs.
Position Overview:
The position reports directly to the Accounts Payable (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.
Essential Duties and
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
Required
Experience:
- High School Diploma or equivalent required and college courses in accounting required
- 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
#LI-NL
Estimated Salary: $20 to $28 per hour based on qualifications.
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