Deposit Specialist

Brown & Brown, Inc.; Daytona Beach, Northern (FL, KY); On-site; USD 52,000 - 66,000; Full time

Benefits offered by this job

Health Benefits

401k

Tuition Reimbursement

Mental Health Services

Paid Time Off

Job summary

Brown & Brown, Inc. in Daytona Beach, FL is seeking a Deposit Specialist to join our growing Retail division. This role focuses on processing all phases of direct bill reconciliations in line with company practices and timelines.

You will collect and reconcile carrier commissions, analyze unearned commissions, and resolve stalled transactions. Proficiency with AMS360 and Microsoft Office supports automation, accuracy, and timely payments while promoting teamwork and learning.

Qualifications

• Strong background in financial accounting and knowledge of state regulations.
• Proficient with Microsoft Office (Word, Excel, PowerPoint, Publisher).
• Experience in accounts payable within the insurance industry.
• Familiarity with AMS360 and office equipment operation.

Responsibilities

• Process all phases of direct bill reconciliations for Retail division.
• 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.
• Collaborate with profit centers to resolve billing errors.
• Build courteous relationships with carriers and profit centers to maintain efficient practice.
• Participate in training opportunities and stay current on industry information.

Skills

Financial accounting

State regulations

MS Office proficiency

AMS360 knowledge

Office equipment operation

Accounts payable experience

Education

College degree in a finance-related field

Tools

AMS360 software

Job description

Built on meritocracy, our unique company culture rewards self-starters and those who are committed to doing what is best for our customers. 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.

Teammate Benefits & Total Well-Being

• Health Benefits: Medical/Rx, Dental, Vision, Life Insurance, Disability Insurance
• Financial Benefits: ESPP; 401k; Student Loan Assistance; Tuition Reimbursement
• Mental Health & Wellness: Free Mental Health & Enhanced Advocacy Services
• Beyond Benefits: Paid Time Off, Holidays, Preferred Partner Discounts and more.

Not reflective of all benefits. Enrollment waiting periods or eligibility criteria may apply to certain benefits. Benefit details and offerings may vary for subsidiary entities or in specific geographic locations.

The Power To Be Yourself As an Equal Opportunity Employer, we are committed to fostering an inclusive environment comprised of people from all backgrounds, with a variety of experiences and perspectives, guided by our Diversity, Inclusion & Belonging (DIB) motto, “The Power to Be Yourself”. We think of ourselves as a team, so we have teammates - not employees. We strive to attract people who are competitive, driven, and disciplined. Built on meritocracy, our unique company culture rewards self-starters and those who are committed to doing what is best for our customers.

Founded in 1939 as a small, two-partner firm, Brown & Brown (NYSE: BRO) and our team of companies have grown into one of the world’s largest insurance brokerages while staying true to our foundation of trust, resilience, and delivering results. With a team that is as connected locally as it is globally, our high-performing, highly collaborative team delivers innovative risk and insurance solutions. We look for individuals who embrace our culture, thrive in a collaborative environment, are driven to grow and succeed, and are committed to always doing what is right. With a unique culture built on integrity, superior capabilities and grit, we value teamwork, trust and courage. We think of ourselves as a team, so we have teammates—not employees, and leaders—not managers. Everything we do is about the greater “WE”—never “me.”While diverse in abilities and experience, we are all connected through our core values, a commitment to our local communities and a shared mission—always doing what is best for our customers.