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Premium Payables Senior Associate At HUB International

Location: Riverside, California

Job Description

About HUB International Limited

HUB International Limited (“HUB”) is the 6th 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 to the Premium Payables Supervisor, functions as a team lead and performs 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 systems, G/L systems and any additionally acquired systems. The Premium Payables Senior Specialist is responsible for ensuring premiums are remitted to the carriers according to carrier market terms and ensuring broker commissions are paid to external brokers in accordance with company policies.

Essential Duties and Responsibilities:

  • Function as the primary contact with assigned insurance markets
  • Focus on expedient resolution of billing discrepancies and 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
  • In conjunction with the Premium Payables Manager and Supervisor, review daily disbursement packages for completeness and accuracy
  • 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
  • Assist team members in handling complex items in a timely pro-active manner that ensures compliance with procedures and guidelines
  • Prepare analysis of aged open payables on a periodic basis
  • Analyze, research and resolve complex problems
  • Support and implement process efficiencies
  • Build and maintain positive working relationships with client service operations team and markets
  • Provide training and mentorship to other team members
  • 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 and college courses in accounting required
  • At least 3 years of experience in the accounting field
  • At least 1 year of supervisory experience
  • Experience in a shared services accounting environment preferred
  • Insurance brokerage experience preferred
  • Excellent written and verbal communication skills
  • Intermediate/advanced Word and Excel skills required
  • Strong analytical and problem solving skills
  • Ability to work under pressure to meet 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-SK

Department Accounting & Finance

Required Experience: 2-5 years

Required Travel: Negligible

Required Education: High school or equivalent

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 .

EEOAA Policy

E-Verify Program

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.