06 Oct
|
FinAcct Technologies
|
Hyderabad
06 Oct
FinAcct Technologies
Hyderabad
We are looking for an AMS 360 Insurance Accounting Specialist with 14 years of hands-on experience in AMS 360 and US insurance accounting.
The ideal candidate should have practical experience in commission accounting, Direct Bill commissions, bank reconciliation, insurance invoicing, billing, three-way reconciliation, General Ledger (GL), and Sub-Ledger accounting.
The role involves tracing insurance transactions from policy and billing activities through sub-ledger/GL accounting and payment reconciliation, while ensuring accuracy and timely resolution of discrepancies.
Key Responsibilities
- Perform day-to-day insurance accounting activities in AMS 360.
- Maintain accurate customer, policy, billing, transaction, and accounting records.
- Review AMS 360 transaction postings and investigate discrepancies.
- Perform General Ledger (GL) and Sub-Ledger reconciliations.
- Review GL coding and identify missing, duplicate, incorrect, or misclassified entries.
- Process and reconcile agency and producer commissions.
- Reconcile Direct Bill commission statements with AMS 360 records.
- Compare expected vs. received commissions and investigate variances.
- Perform bank reconciliations, including deposits, receipts, withdrawals, and unidentified transactions.
- Prepare and process insurance invoices and billing transactions.
- Verify premiums, fees, taxes, commissions, and other applicable charges.
- Perform three-way reconciliation/matching between policy transactions, billing/invoices, and payments/bank or carrier transactions.
- Support month-end close and reconciliation activities.
- Prepare reconciliation reports, maintain exception logs, and document resolution of variances.
- Required Skills & Experience
- Experience in US Property & Casualty (P&C;) / Commercial Insurance.
- Strong understanding of insurance accounting and transaction flows.
- Working knowledge of General Ledger (GL) and Sub-Ledger accounting.
- Hands-on experience in GL-to-Sub-Ledger reconciliation.
- Experience with commission accounting and Direct Bill commissions.
- Good understanding of bank reconciliation, invoicing, billing, and payment reconciliation.
- Knowledge of three-way reconciliation / three-way matching.
- Strong analytical and problem-solving skills.
- Valuable attention to detail and ability to identify accounting discrepancies.
- Good written and verbal communication skills.
📌 AMS 360 Insurance Accounting Specialist (Hyderabad)
🏢 FinAcct Technologies
📍 Hyderabad