Deposit Specialist

Brown & Brown; Daytona Beach (FL); On-site; USD 52,000 - 72,000; Full time

Job summary

Brown & Brown is seeking a Deposit Specialist to join our Daytona Beach team. You will manage direct bill reconciliations for the Retail offices, handling commissions statements, payments, and unearned commissions.

You’ll leverage AMS360 and MS Office, analyze trends, resolve billing errors with carriers and profit centers, and participate in training to stay current with industry developments.

Qualifications

• Working knowledge of financial accounting and state regulations where business is conducted.
• Proficient knowledge in Microsoft Windows environment, including Word, Excel, Power Point, and Publisher. Able to create, edit, and merge letters, spreadsheets, labels, etc.
• Proficient in Vertafore AMS360 products.
• Proficient knowledge use of office equipment (including but not limited to copy machines, printers, faxes, binding machine, etc.)
• 2+ year work experience in accounts payable in insurance industry.
• Preferred: College Degree in a finance-related field.

Responsibilities

• Collect, transact, reconcile and record insurance carrier commissions statements and payments.
• Analyze, identify and record unearned commissions.
• Review, research and resolve commissions not transacted and sitting in open activities.
• Leverage software automation for process efficiencies.
• Analyze and identify trends to become subject matter expert within scope of assigned carrier partner.
• Collaborate with profit centers to resolve billing errors.
• Build courteous and successful relationships with carriers and profit centers to maintain efficient practice.
• Promote teamwork, support, knowledge sharing and a positive attitude in the department and office.
• Participate in training opportunities to remain current on industry information, new product development, legislation, coverages, and technology including professional development and continuing education

Skills

Financial accounting

State regulations

MS Office suite

Office equipment

Accounts payable in insurance

Education

College Degree in a finance-related field

Tools

AMS360

Job description

Brown & Brown is seeking a Deposit Specialist to join our growing team in Daytona Beach, FL.

The Deposit Specialist is responsible for processing all phases of direct bill reconciliations for the offices within the Retail division in accordance with established company practices and timelines.

How You Will Contribute:

• Collect, transact, reconcile and record insurance carrier commissions statements and payments.
• Analyze, identify and record unearned commissions.
• Review, research and resolve commissions not transacted and sitting in open activities.
• Leverage software automation for process efficiencies.
• Analyze and identify trends to become subject matter expert within scope of assigned carrier partner.
• Collaborate with profit centers to resolve billing errors.
• Build courteous and successful relationships with carriers and profit centers to maintain efficient practice.
• Promote teamwork, support, knowledge sharing and a positive attitude in the department and office.
• Participate in training opportunities to remain current on industry information, new product development, legislation, coverages, and technology including professional development and continuing education

Skills & Experience to Be Successful:

• Working knowledge of financial accounting and state regulations where business is conducted.
• Proficient knowledge in Microsoft Windows environment, including but not limited to Word, Excel, Power Point, and Publisher. Able to create, edit, and merge letters, spreadsheets, labels, etc.
• Proficient in Vertafore AMS360 products.
• Proficient knowledge use of office equipment (including but not limited to copy machines, printers, faxes, binding machine, etc.)
• 2+ year work experience in accounts payable in insurance industry.
• Preferred: College Degree in a finance-related field.