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Premium Payables Associate

Company: HUB International
Location: Riverside
Posted on: February 16, 2020

Job Description:

Join a Winning Team at HUB InternationalWhen you join the team at HUB International, you become part of the 5th largest global insurance broker, providing a broad array of property, casualty, risk management, life and health, employee benefits, investment and wealth management products and services. Becoming a part of HUB means that you thrive in an entrepreneurial and fast paced team environment supported by over 12,000 professionals in 450 offices across North America. You will be able to actively contribute to our track record of year over year growth fueled by innovative new products and services, mergers and acquisitions, and a great team of people. As part of our talent engine, you will exemplify our strong core values which drive our unique corporate culture. HUBs entrepreneurial spirit is evident in our people, products and philanthropic initiatives and we are passionate about our talent!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.Basic Qualifications:
    • 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 requiredDepartment Accounting & FinanceRequired Experience: 1-2 years of relevant experienceRequired Travel: NegligibleRequired Education: High school or equivalentHUB 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 .EEOAA Policy at https://hubinternational.jobs/eeo/E-Verify Program at https://hubinternational.jobs/e-verify/We endeavor to make this website accessible to any and all users. If you would like to contact us regarding the accessibility of our website or need assistance completing the application process, please contact the US Recruiting Team toll-free at (844) 300-9193 or USRecruiting@hubinternational.com . This contact information is for accommodation requests only; do not use this contact information to inquire about the status of applications.

Keywords: HUB International, Riverside , Premium Payables Associate, Other , Riverside, California

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