Insurance Accounting Specialist

Location: Houston, TX

Job Functions

Duties include: entering insurance data and maintaining commissions and marketing database; collecting outstanding commissions from carriers; preparing third-party commission and/or marketing fee reports; preparing check requests; resolving differences; questions and issues with insurance carriers; reconciling selected balance sheet accounts; performing analyses and drafting and distributing communications and other documentation. Position involves preparing selected monthly journal entries and responding to management and audit inquiries.

Essential responsibilities:

• Enter commissions’ data and maintain accuracy and completeness of third-party commissions and marketing fees database and spreadsheets using information provided by various parties.
• Prepare monthly, quarterly and annual reports for third parties, including check requests for derived payments to same third parties.
• Resolve issues and questions with insurance carriers regarding commissions.
• Reconcile commissions per database to commission per bank statement.
• Record bank service charges for Empyrean Insurance Services, Inc. (“EIS”)
• Maintain insurance bonus/override plan details by insurance carrier and propose business opportunities to increase bonuses and/or overrides.
• Reconcile third party data (e.g. TAG transactions) for customer billings (COBRA, FSA, retiree) to bank statements and verify submitted ACH/wire transfer requests payable to customers for amounts processed and collected on their behalf.
• Prepare selected monthly journal entries, reconcile selected balance sheet accounts and maintain accounting files and documentation.
• Review and assist in updating commissions and marketing fee database and other internal processes.
• Analyze data and prepare analyses and accounting/financial reports for management and other parties.
• Match disbursement advices to invoices and file.
• Recommend and execute process improvements.
• Prepare, review and deliver a variety of financial reports and other internal documentation and external communications.
• Assist in preparation of annual budgets based upon database information and other analyses.
• Participate in special projects, including preparation of year end audit work papers.

Qualifications

• High school diploma
• Prior basic, general accounting experience (minimum of 2 years preferred)
• Proficient with analysis and mathematical equations
• High level of proficiency in Microsoft Office products such as Excel, Word and PowerPoint
• Knowledge of Microsoft Excel pivot tables and reports, including prior experience with the application of pivot tables and reports
• Knowledge of Microsoft Access a plus
• Self-motivated individual with excellent interpersonal and communication skills
• High level of proficiency with English language
• Detail-oriented with strong analytical skills
• Ability to meet deadlines and work effectively in a multi-tasking environment

To apply, please send your resume to careers@empyreanbenefits.com