Accounts Payable and Accounts Receivable

Greetings from Navayuga Consultancy!!!

We're hiring for an Top Indian MNC, Might be interested to apply??

Role Name: Accounts Payables - Premium payables - Transaction / Recon

Responsibilities:

• Payable accounts experience, running pay cycle as per pay terms, vendor statement reconciliation, processing refunds, handling foreign currency payment, ensure payment is as per invoices
• 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.
• Tracking Insurance premium payable, reconciliation of premium, payment of insurance premium to Insurance company. Having exposure to EPIC application,
• 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.

Technical Skills

• Bachelor's degree in accounting, finance, or a related field (preferred)
• 2 years of insurance accounting experience in processing payments or commissions to sales individuals
• Excellent knowledge of insurance products, sales processes, and commission structures as well as knowledge of producer and broker payment processes, including commissions and bonus calculations.
• Working knowledge of various insurance agency management systems (AMS) such as Benefit Point Applied EPIC is preferred
• Willingness to work in US shift hours (CST hours)

2. Role Name: AR Billing/Cash Application

Responsibilities

• Generate agency and direct-bill invoices for new policies, endorsements, renewals, and cancellations
• Preparing invoices for clients based on the services availed, identifying and resolving the billing error, issuance of credit notes with proper authorization, resolving customer disputes on billing, ensuring all income is accrued and accounted, sending the invoices to the customer
• 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. investigate and resolve issues not limited to commission discrepancies, and follow up on outstanding items
• Coordinate with servicing and producers for missing or incorrect billing data.
• Investigate and resolve billing discrepancies with clients or carriers
• Maintain accurate documentation and compliance with regulatory and internal standards.

Skills and Experience

• Graduate 1-5 years of billing/accounting experience in the insurance or financial services industry.
• Familiarity with agency management systems (Applied Epic, AMS360, etc.) is preferred.
• Basic knowledge of insurance terms and billing cycles.
• Proficient in Excel and other MS Office tools.
• Strong analytical, problem-solving, and communication skills.
• High attention to detail and time management
• Willingness to work in US shift hours (CST hours)

# If Interested, Kindly share Resume to

Mega- HR Executive

Email: mega.navayuga@gmail.com / WhatsApp: 9843603553