Accounts Payable Specialist

Role Name: Accounts Payables - Premium payables.Job Location: PuneResponsibilities: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. 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.Accurate and timely receipt, posting, and reconciliation of direct bill commissions from insurance companies on a daily, weekly, and monthly basisProcess corrections and changes to broker commission rates as necessary.Track direct bill commission information not limited to carrier name, date check received, commission amount, and date processed and completed. Ensure all changes are noted.Frequently coordinate and correspond with other internal departments.investigate and resolve issues not limited to commission discrepancies, and follow up on outstanding itemsEnsure all correspondence and requests are documented and attached to the appropriate file in the appropriate systemsTechnical SkillsBachelor'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 preferredWillingness to work in US shift hours (CST hours)Skills & Experience.Bachelor of Science degree in accounting, finance, or a business-related field.1-6 years of relevant accounting experience in the insurance brokerage industry or P&C insurance is preferred.Working knowledge of various insurance agency management systems (AMS) such as Benefit Point Applied EPIC is preferred.Proficient with MS Office Suite.Ability to maintain a high level of confidentiality.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.Willingness to work in US shift hours (CST hours).

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