Accounting Operations Associate

Maury Donnelly & Parr Inc; Cockeysville (MD); Hybrid; USD 50,000 - 70,000; Full time

Benefits offered by this job

Paid parental leave

Health benefits

Dental benefits

Vision benefits

401(k) with immediate vesting

Job summary

Maury, Donnelly, & Parr, Inc. is seeking an Accounting Operations Associate to manage the shared inbox, payment processing, and internal communications within the Accounting Department from our Cockeysville, MD office. This full-time, in-person role starts with 90 days and may transition to a hybrid schedule.

Ideal candidates hold an AA or have 6 months to 1 year of related experience, with insurance industry exposure and strong Excel skills. Compensation ranges from $50,000 to $70,000 per year.

Qualifications

• AA or equivalent from a two-year college or technical school or 6 months to 1 year related experience
• Insurance broker or insurance company experience preferred
• Strong Microsoft Excel data analysis skills

Responsibilities

• Manage the Accounting inbox and communications with carriers and finance companies
• Process carrier and vendor checks, ACHs and wires daily
• Review premiums and commissions for multi-policy invoices
• Import and reconcile files including positive pay
• Support billing accuracy and remittance to carrier partners (10+ daily)
• Collaborate with Account Executives to resolve billing discrepancies
• Advise service teams on proper billing procedures and resolutions
• Ensure taxes are paid accurately (MDP vs carrier)
• Return premiums to insureds

Job description

Be part of a winning team that leads the way as a Best Practices Agency in Insurance!

The Opportunity

This full-time Accounting Operations Associate is central to the Maury, Donnelly, & Parr, Inc. (MDP) enterprise. Based out of the Cockeysville, MD office- the individual in this role will manage the high-volume shared inbox, overall internal communication, payment processing, & business flow of the Accounting Department.

*This position is considered full-time, in-person for the 1st 90 days/ probationary period and then there's opportunity to transition to a hybrid schedule*

DUTIES AND RESPONSIBILITIES:

• Manage Accounting inbox
• Manage payment related communications with carriers and finance companies
• Process carrier and vendor checks, ACHs and wires daily
• Pay carriers with multiple policies, review their premiums and their commission
• Review and import positive pay files
• Ensure accurate reconciliation and prompt remittance to carrier partners (up to 10+ a day)
• Work with Account Executives to address and correct billing discrepancies
• Advise Service teams on proper billing procedures and resolutions
• Ensure taxes are paid accurately (MDP Paid vs. Carrier paid)
• Return premiums to insureds

QUALIFICATIONS:

• Associate's Degree (AA) or equivalent from a two-year college or technical school, or six months to one-year related experience and/or training, or equivalent combination of education and experience
• Ideal prior insurance broker or insurance company experience
• Exceptional technology skills, which include but are not limited to: sorting through system reports, along with analyzing data in Microsoft Excel

POSITION EXPECTATIONS:

• Ability to work in a fast-paced environment and manage priorities
• Thorough, accurate and detail-oriented
• Self-starter and comfortable working independently and managing multiple prioritiesMaintaining trust and accountability in all financial activities
• Ability to communicate by phone, teams, email and in person
• Work with the Accounting team to support the overall firm

PHYSICAL DEMANDS AND WORK ENVIRONMENT:

• Occasionally required to stand/walk; frequently required to sit; continually required to utilize hand and finger dexterity and to talk or hear. Normal office environment.

PAY RANGE:

• $50,000-$70,000

AVAILABLE BENEFITS:

Our agency offers a collegial work environment, exciting opportunities for professional growth, and generous benefits, including paid parental leave (after 1 year of work), family health, vision, and dental benefits. 401(k) plan with immediate vesting PLUS many additional company perks.

The wage range for this role takes into account the wide range of factors that are considered in making compensation decisions including but not limited to skill sets; experience and training; licensure and certifications; and other business and organizational needs. At MDP, it is not typical for an individual to be hired at or near the top of the range for their role and compensation decisions are dependent on the facts and circumstances of each case. A reasonable estimate of the current range is presented within this posting.

You may also be eligible to participate in a discretionary annual bonus program, subject to the rules governing the program, whereby an award, if any, depends on various factors, including, without limitation, individual and organizational performance.

The above is intended to describe the general content of and requirements for the performance of this job. It is not an exhaustive statement of requirements. Nothing in this job description restricts management’s right to assign or reassign duties and responsibilities to this job at any time. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Visit our website to learn more about our organization: https://www.mdpins.com/