Role: Associate
Required Qualification BA/ B. Com / BBA / M. Com / MBA (Finance) / Equivalent
Job Experience (duration): 1 – 5 Years
Desired Experience :(domain) Insurance (P&C, Employee Benefits and Broking)
Role Overview
We are looking for high-energy, detail-oriented professionals (1–5 years’ experience) to join our US Broking Finance & Premium Accounting team. The role focuses on executing high-volume financial transactions, ensuring accuracy in premium reconciliation, and supporting broker accounting processes.
Domain Experience
1.Relevant experience with Insurance having US Broking Industry and process exposure.
2. Knowledge of the insurance principles and applied experience
3. Adapt in interpreting information provided by the agency and client
4. Ability to comprehend scenarios related to the transaction
Good to have:
5. Exposure to US Insurance / Broking processes
6. Knowledge of premium reconciliation / broker accounting lifecycle
7. Familiarity with insurance terms: commissions, direct bill, agency bill, refunds
8. Experience in financial data validation or audit support
Required Skills & Competencies
1. Efficient handling of work and focused on delivering outcomes in a time bound process
2. Strong attention to detail and accuracy
3. Basic understanding of accounting principles (AR/AP/reconciliation)
4. Ability to handle high-volume transactional work with consistency
5. Good analytical and problem-solving skills
6. Effective communication skills (written and verbal)
7. Ability to work independently with ownership mindset
8. Proficiency in MS Excel (basic to intermediate)
Key Responsibilities
1. Perform premium accounting and reconciliation activities for US insurance broking clients
2. Handle agency bill and direct bill transactions, including invoicing, collections, and payables
3. Reconcile carrier/broker statements, premium entries, commissions, and refunds
4. Identify and resolve discrepancies, unmatched transactions, and aged balances
5. Prepare and maintain accurate financial records and supporting documentation
6. Ensure adherence to client SLAs, audit requirements, and compliance standards
7. Work on month-end activities, including reporting and balance validations
8. Collaborate with internal teams and stakeholders for issue resolution.
9. Maintain process documentation and follow standard operating procedures
