About the job
We are looking for a meticulous and proactive Accounting & Administrative Specialist to join our team. This role is pivotal in supporting our insurance accounting operations, facilitating commission reconciliations, overseeing carrier payments, and preparing month-end financial reports. You will play an essential role in ensuring precise reconciliations for direct bill and agency bill, tracking commissions, managing trust accounting, and delivering financial reporting.
The ideal candidate will have a strong background in insurance accounting (preferred), demonstrate proficiency in using EPIC, and be adept at managing intricate workflows with carriers, brokers, producers, vendors, and finance partners.
Key Responsibilities
Direct Bill Reconciliation
Download Reconciliation
- Validate commission amounts against received payments
- Confirm PR/BR commission percentages
- Import transactions into EPIC for reconciliation
- Accurately associate carrier payments
Non-Download Reconciliation
- Retrieve carrier statements from portals or email
- Confirm receipt of carrier payments
- Document statements in reconciliation logs
- Link payments in EPIC
- Attach statements to carrier records in EPIC
- Archive copies of statements in the Commission folder
Receipts & Trust Accounting
- Document carrier payments based on bank register activities
- Monitor and record vendor and client payments
- Maintain trust account activity using Excel
- Document financial funding as CFIN on client accounts
- Update trust Excel sheets for all funding activities
Disbursements
- Log carrier, vendor, and client disbursements
- Identify and record any missing disbursements (e.g., auto-payments) using bank registers
Payroll Entries
- Prepare payroll journal entries on the 7th and 22nd of each month, including:
- Salaries
- Payroll taxes
- Insurance
- 401(k) contributions
Finance Contracts
- Issue new and renewal finance contracts for Marketing and Senior Account Managers
- Submit signed contracts for funding
- Request payment processing for finance contracts
- Attach signed finance contracts and follow up with finance companies for funding
Agency Bill & Client Invoicing
- Generate client invoices based on carrier invoices and quotes
- Assist in agency bill and RP invoicing workflows
- Collaborate with Senior Account Managers on billing items
- Prepare agency bill reconciliations for CPA review
