Accounts Payable Analyst

Integrated Personnel Services; Nagpur District; On-site; INR 5,00,000 - 8,00,000; Full time

Job summary

A financial services firm is seeking a candidate in Nagpur with strong insurance accounting experience, particularly in managing payables and commission calculations. The role requires collaboration with various departments and attention to detail. Candidates should hold a Bachelor's degree in accounting or finance and be willing to work US shift hours. Familiarity with insurance management systems is preferred.

Qualifications

• 2 years of insurance accounting experience in processing payments.
• Excellent knowledge of insurance products and sales processes.
• Willingness to work in US shift hours (CST hours).

Responsibilities

• Manage payable accounts and run pay cycles as per terms.
• Reconcile vendor statements and process refunds.
• Monitor and approve producer and broker payable transactions.

Skills

Insurance accounting experience

Commission and bonus calculations

Collaboration with internal departments

Education

Bachelor's degree in accounting, finance, or related field

Tools

Benefit Point Applied EPIC

Job description

Location: Nagpur

Job Responsibilities

Payable accounts experience, running pay cycle as per pay terms, vendor statement reconciliation, processing refunds, handling foreign currency payment, ensure payment is as per invoices

• Strong understanding of producer and broker payable operations, ensuring accurate and timely completion of commission and bonus payments. Demonstrates ability to provide guidance or training to another employee.
• Tracking Insurance premium payable, reconciliation of premium, payment of insurance premium to Insurance company. Having exposure to EPIC application.
• Monitor, review and approve producer and broker payable transactions, including commissions, bonuses, and other related payments.
• Collaborate with internal departments, such as accounting, sales, and human resources, to gather necessary information and resolve any payment-related issues.
• Completes a higher volume of tasks and demonstrates ability to navigate complex processes.

Technical Skills

• Bachelor's degree in accounting, finance, or a related field (preferred)
• 2 years of insurance accounting experience in processing payments or commissions to sales individuals
• Excellent knowledge of insurance products, sales processes, and commission structures as well as knowledge of producer and broker payment processes, including commissions and bonus calculations.
• Working knowledge of various insurance agency management systems (AMS) such as Benefit Point Applied EPIC is preferred
• Willingness to work in US shift hours (CST hours)