Job Title: Insurance Accounting Specialist (US Retail Insurance Agency Operations)

Location

Navi Mumbai / India

Experience

4 to 10 Years

Job Summary

We are looking for an experienced Insurance Accounting Specialist with hands-on experience in US Retail Insurance Agency Accounting, Bookkeeping, and Reconciliation processes. The ideal candidate should have worked directly with a US Insurance Agency/Brokerage or a third-party service provider supporting US insurance agencies. The role requires expertise in policy-related accounting activities, premium trust accounting, commission processing, and agency management systems.

Key Responsibilities

- Perform Direct Bill and Agency Bill Reconciliations.
- Handle Carrier Statement Reconciliations and resolve discrepancies.
- Manage Premium Trust Account Reconciliations in compliance with US fiduciary regulations.
- Process and reconcile Producer Commissions and Compensation.
- Review and validate insurance premium transactions.
- Monitor outstanding balances and investigate accounting variances.
- Prepare accounting reports and reconciliation summaries.
- Ensure adherence to US insurance accounting standards and agency accounting procedures.
- Collaborate with carriers, brokers, producers, and internal stakeholders to resolve accounting issues.
- Maintain accurate financial records and documentation.

Required Skills & Experience

Mandatory

- Experience working with a US Retail Insurance Agency, Brokerage, or BPO supporting US Insurance Agencies.
- Strong knowledge of:
- Direct Bill Reconciliation
- Agency Bill Reconciliation
- Carrier Statement Reconciliation
- Commission Accounting
- Producer Compensation Processing
- Premium Trust Account Reconciliation




- Understanding of US insurance accounting and fiduciary regulations.
- Experience handling insurance premium accounting transactions.
- Excellent reconciliation and analytical skills.

Systems Experience Hands-on experience with one or more Agency Management Systems:

- Applied EPIC
- AMS360
- BenefitPoint (Preferred)
- Agency Matrix (Good to Have)

Preferred Qualifications

- Bachelor's Degree in Commerce, Accounting, Finance, or related field.
- Experience supporting Property & Casualty (P&C;) Insurance Agencies.
- Understanding of Agency Management Workflows and Insurance Brokerage Operations.
- Exposure to month-end accounting and financial reporting activities.

Key Keywords for Sourcing US Retail Insurance Agency, Insurance Bookkeeping, Insurance Accounting, Insurance Brokerage Accounting, Agency Bill Reconciliation, Direct Bill Reconciliation, Carrier Statement Reconciliation, Producer Compensation, Commission Accounting, Premium Trust Reconciliation, Fiduciary Accounting, Applied EPIC, AMS360, Agency Accounting, Insurance Operations, P&C; Accounting, Insurance Financial Reconciliation.

Ideal Candidate Profile

Candidate should have worked in an operational insurance accounting environment supporting US retail insurance agencies and should demonstrate hands-on experience in reconciliations, trust accounting, commission administration, and agency management platforms such as Applied EPIC or AMS360.

Job Types: Full time, Permanent, Fresher

Pay: ₹50,000.00 - ₹65,000.00 per month

Benefits

- Flexible schedule
- Health insurance
- Paid sick time
- Paid time off
- Provident Fund

Experience:
- Insurance Accounting: 1 year (Required)

Language:
- English (Preferred)

Location:
- Mumbai, Maharashtra (Required)

Work Location: In person

📌 Insurance Accounting Specialist (Mumbai)
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