Insurance Accounting Specialist

Job Title

Insurance Accounting Specialist (US Retail Insurance Agency Operations)

Location

Navi Mumbai / India

Experience

4 to 10 Years

Job Summary

We are looking for an experienced Insurance Accounting Specialist with hands-on experience in US Retail Insurance Agency Accounting, Bookkeeping, and Reconciliation processes. The ideal candidate should have worked directly with a US Insurance Agency/Brokerage or a third-party service provider supporting US insurance agencies. The role requires expertise in policy-related accounting activities, premium trust accounting, commission processing, and agency management systems.

Key Responsibilities

Perform Direct Bill and Agency Bill Reconciliations.

Handle Carrier Statement Reconciliations and resolve discrepancies.

Manage Premium Trust Account Reconciliations in compliance with US fiduciary regulations.

Process and reconcile Producer Commissions and Compensation.

Review and validate insurance premium transactions.

Monitor outstanding balances and investigate accounting variances.

Prepare accounting reports and reconciliation summaries.

Ensure adherence to US insurance accounting standards and agency accounting procedures.

Collaborate with carriers, brokers, producers, and internal stakeholders to resolve accounting issues.

Maintain accurate financial records and documentation.

Required Skills & Experience

Mandatory

Experience working with a US Retail Insurance Agency, Brokerage, or BPO supporting US Insurance Agencies.

Strong knowledge of

Direct Bill Reconciliation

Agency Bill Reconciliation

Carrier Statement Reconciliation

Commission Accounting

Producer Compensation Processing

Premium Trust Account Reconciliation

Understanding of US insurance accounting and fiduciary regulations.

Experience handling insurance premium accounting transactions.

Excellent reconciliation and analytical skills.

Systems Experience

Hands-on experience with one or more Agency Management Systems

Applied EPIC

AMS360

BenefitPoint (Preferred)

Agency Matrix (Good to Have)

Preferred Qualifications

Bachelor's Degree in Commerce, Accounting, Finance, or related field.

Experience supporting Property & Casualty (P&C) Insurance Agencies.

Understanding of Agency Management Workflows and Insurance Brokerage Operations.

Exposure to month-end accounting and financial reporting activities.

Key Keywords for Sourcing

US Retail Insurance Agency, Insurance Bookkeeping, Insurance Accounting, Insurance Brokerage Accounting, Agency Bill Reconciliation, Direct Bill Reconciliation, Carrier Statement Reconciliation, Producer Compensation, Commission Accounting, Premium Trust Reconciliation, Fiduciary Accounting, Applied EPIC, AMS360, Agency Accounting, Insurance Operations, P&C Accounting, Insurance Financial Reconciliation.

Ideal Candidate Profile

Candidate should have worked in an operational insurance accounting environment supporting US retail insurance agencies and should demonstrate hands-on experience in reconciliations, trust accounting, commission administration, and agency management platforms such as Applied EPIC or AMS360.

Job Types

Full-time, Permanent, Fresher

Pay

₹50,000.00 - ₹65,000.00 per month

Benefits

Flexible schedule

Health insurance

Paid sick time

Paid time off

Provident Fund

Experience

Insurance Accounting

1 year (Required)

Language

English (Preferred)

Location

Mumbai, Maharashtra (Required)

Work Location

In person