Accounts Receivable, Accounts payable ,

Role & responsibilities

4. 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)

Role Name: AR Cash Applications

Responsibility

• Responsible for accurately processing and recording customer payments, reconciling accounts,

and handling payment discrepancies to ensure proper financial record-keeping, posting of cash

received

• Responsible for posting payments from various lockboxes to the customer accounts in a timely

manner

• Applying the payment received against commission, movement of funds from collection

account to corporate account and passing appropriate journal entry

• research and resolution of aged unidentified and unapplied cash receipts and accurate posting

to customer accounts

• Coordinate payments made by a lockbox ACH/Wire and other adjustments to customer

account for credits/debits and account write-offs

• Work with both internal/external stakeholders to resolve for unidentified cash
• Reconcile Cash - Balance Accounting system funds against bank deposits and daily/monthly

reconciliations

• Communicate effectively with customers and internal teams regarding required remittance or

cash application information

• Identify areas of improvement to streamline and automate the process
• Update process documentation that includes Standard Operating procedures / FMEAs / SIPOCs

and other Quality manuals as and when required.

• Supervises, coordinates, and directs the work activities of assigned employees

Skills Required

• Graduate with a minimum of 1 to 4 yrs of experience in Accounts Receivables (Cash

Applications preferred)

• Working knowledge of various insurance agency management systems (AMS) such as Benefit

Point Applied EPIC is preferred

• Prior experience in the insurance brokerage industry or P&C insurance
• Provide excellent Customer Service to internal and external customers
• Excellent verbal (oral) and written communication
• Proficient with MS Office - Microsoft Excel and Microsoft Outlook (Other system

experience is a plus)

• Strong analytical and organizational skills with attention to detail
• Ability to execute transactions as per prescribed guidelines and timelines in order to

meet the SLA and quality standards.

• Willing SLA and quality standards.
• Willingness to work in US shift hours (CST hours)