Responsible for all lines and types of insurance premiums and commissions, providing accurate accounting and reporting of transactions for insurance services, ensuring financial reporting is in full compliance with GAAP accounting principles. Working with line of business and insurance carriers, brokers and agents to provide timely payment and/or reconciliation of insurance premiums and commissions. This role will require 4 days in the office (Mon-Thur) in our Manhattan location. Essential Dut... more details
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Regular or Temporary:
Regular
Language Fluency: English (Required)
Work Shift:
1st shift (United States of America)
Please review the following job description:
Responsible for all lines and types of insurance premiums and commissions, providing accurate accounting and reporting of transactions for insurance services, ensuring financial reporting is in full compliance with GAAP accounting principles. Working with line of business and insurance carriers, brokers and agents to provide timely payment and/or reconciliation of insurance premiums and commissions.
This role will require 4 days in the office (Mon-Thur) in our Manhattan location.
Essential Duties and Responsibilities
Following is a summary of the essential functions for this job. Other duties may be performed, both major and minor, which are not mentioned below. Specific activities may change from time to time.
Maintain and work within all appropriate controls to assure compliance with all Sarbanes Oxley requirements, including but not limited to, security in workflow, handling of checks and other funds, reporting of financial results. Responsible for timely premium accounting and/or commission processing/reconciling of all lines and types of insurance premiums and commissions. Research and resolve aged items due to/from insurance carriers, brokers and agents. Work with and resolve inquiries from third party service providers and LOB client service associates associated with these transactions. Provide support and documentation as requested. Ensure the timely, proper and accurate reporting of insurance accounting transactions in a manner consistent with GAAP accounting principles. Assist in special projects as needed.
Qualifications
Required Qualifications:
The requirements listed below are representative of the knowledge, skill and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Associate degree or equivalent education and related training. Good organizational and interpersonal skills. Ability to communicate effectively with peers, and leaders within the Corporation as well as appropriate individuals external to the Corporation. Demonstrated proficiency in basic computer applications such as Microsoft Office software products. Ability to work without close supervision. General knowledge of insurance transactions and accounting. 2 or more years in an accounting role.
Preferred Qualifications:
Prior experience in an insurance accounting role.
The annual base salary for this position is $70,000 - $75,00. The starting hourly wage for this position is $33.00/hr - $36.06/hr.
General Description of Available Benefits for Eligible Employees of TIH:
All regular teammates (not temporary or contingent workers) working 20 hours or more per week are eligible for benefits, though eligibility for specific benefits may be determined by the division of TIH Insurance Holdings, LP (TIH) offering the position. TIH offers medical, dental, vision, life insurance, disability, accidental death and dismemberment and tax-preferred savings accounts, along with other voluntary benefits. All regularly scheduled teammates (not temporary or contingent workers), regardless of the number of scheduled hours, can contribute to a 401(k) savings plan and you become eligible for Company matching contributions after one year of service and attainment of age 21. Teammates also receive no less than 10 days of vacation (prorated based on date of hire and by full-time or part-time status) during their first year of employment, along with 10 sick days (also prorated), and paid holidays. For more details on TIH’s generous benefit plans, please visit our Benefits site. Eligible employees may have the opportunity to participate in a deferred compensation plan and/or have an ownership interest in TIH in the form of profits interest or capital interest. As you advance through the hiring process, you will learn more about the specific benefits available for any non-temporary position for which you apply, based on full-time or part-time status, position, and division of work.
This position is part of TIH.
Truist Financial Corporation has completed the sale of Truist Insurance Holdings (TIH). As a result, TIH is a separate company from Truist Bank as of May 6, 2024. Refer to the news release for details.
TIH Insurance Holdings, LP (TIH) supports a diverse workforce and is an Equal Opportunity Employer that does not discriminate against individuals on the basis of race, gender, color, religion, citizenship or national origin, age, sexual orientation, gender identity, disability, veteran status or other classification protected by law. TIH is a Drug Free Workplace.
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