Capital Market || TL|| Thane
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Job Summary
About the client:
We are seeking a detail-oriented Accounts Payable professional with experience in accounting operations reconciliations and insurance-related financial processes. The candidate will be responsible for processing and reconciling direct bill commissions resolving discrepancies and ensuring accurate financial records while adhering to quality and compliance standards.
Accurately receive post and reconcile direct bill commissions from insurance carriers on a daily weekly and monthly basis.
Process broker commission rate changes adjustments and corrections as required.
Maintain and track commission-related information including carrier details payment dates commission amounts processing status and audit trails.
Investigate and resolve commission discrepancies payment variances and outstanding items.
Coordinate with internal stakeholders and business teams to obtain required information and ensure timely issue resolution.
Maintain complete and accurate documentation of transactions correspondence and requests in designated systems.
Ensure compliance with SLA quality standards and internal control requirements.
Support month-end reconciliation and reporting activities as required.
16 years of experience in Accounts Payable Accounting Operations Reconciliation Insurance Accounting or Financial Services.
End-to-end understanding of Accounts Payable processes.
Experience in Insurance Brokerage P&C Insurance Insurance Accounting or Commission Accounting is preferred.
Knowledge of insurance agency management systems such as Applied EPIC BenefitPoint AMS or similar platforms is an advantage.
Strong analytical reconciliation and problem-solving skills.
High attention to detail and ability to handle confidential information.
Good communication and stakeholder management skills.
Proficiency in MS Excel Word and PowerPoint.
BBA BBM or equivalent Finance & Accounting degree.
Minimum 15 years of regular full-time education (1023).
Required Skills:
16 years of experience in Accounts Payable Accounting Operations Reconciliation Insurance Accounting or Financial Services. End-to-end understanding of Accounts Payable processes. Experience in Insurance Brokerage P&C Insurance Insurance Accounting or Commission Accounting is preferred. Knowledge of insurance agency management systems such as Applied EPIC BenefitPoint AMS or similar platforms is an advantage. Strong analytical reconciliation and problem-solving skills. High attention to detail and ability to handle confidential information. Good communication and stakeholder management skills. Proficiency in MS Excel Word and PowerPoint.
Required Education:
BBA BBM or equivalent Finance & Accounting degree.
