About the role
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 Premium Accounting Specialist to join our growing team in Tampa, Florida!
The Premium Accounting Specialist role is responsible for supporting the Functional Leader in execution of all transactions related to Premium Accounting. Teammates within this role will be responsible for managing and reconciling insurance premium transactions to ensure accurate financial reporting and smooth cash flow. The role manages the end to end accounts receivable and collections process, ensuring timely premium payments, accurate cash application, and exceptional service to internal and external stakeholders.
This role serves as the link between policy administration, billing, and other finance teams. The role will be required to research inquiries and meet processing deadlines with accuracy and timeliness.
How You Will Contribute:
- Reconcile, maintain, and analyze Accounts Payables (A/P), including suspense accounts and aging reports.
- Manage outstanding account balance communication and follow up via phone, email, and letters.
- Partner with outside collection agencies on unresolved balances.
- Communicate with insured, agents, and internal departments to resolve premium or billing issues.
- Manage and update clear customer records .
- Ensure accurate cash application of incoming payments to customer accounts and investigate discrepancies.
- Resolve cash application activities such as payment exceptions, unapplied cash issues, and returned payments.
- Issue and reconcile premiums payments, broker commission, state taxes, and credit refunds.
- Handle reissues, voids, stop payments, positive pay, and escheatments.
- Utilize Excel and financial systems to analyze data and support reconciliation and reporting activities.
- Support month-end close activities, including journal entries and account reconciliations/maintenance.
- Support departmental projects including system updates, process improvements, and migrations.
- Assist with internal and external audit requests.
- Escalate issues, trends, or control concerns to leadership when identified.
- Ensure company policies, audit requirements, and regulatory guidelines are followed.
- Collaborate with Underwriting and Operations to ensure efficient workflows and maintain process documentation.
- Serve as backup support to team members.
Skills & Experience to be Successful:
- High school diploma or general education degree (GED); or 1 - 3 years of experience of related experience and/or training.
- Strong analytical skills, with accuracy and attention to detail.
- ·Strong written and verbal communication skills.
- Ability to multi-task and prioritize a diverse portfolio of tasks while still consistently meeting deadlines.
- Excellent interpersonal skills and ability to work independently and as part of a team in a dynamic environment.
- Ability to investigate and resolve financial discrepancies.
- Proficient knowledge in Microsoft Office Suite, including but not limited to, Teams, Outlook, Word, and Excel.
Preferred:
- Insurance background.
Teammate Benefits & Total Well-Being
We go beyond standard benefits, focusing on the total well-being of our teammates, including:
- 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.
Recruiting Vendor Disclosure Statement
Brown & Brown does not accept unsolicited resumes from external recruiters, recruitment vendors or employment agencies ("Recruiting Vendors"). Recruiting Vendors must have a valid written agreement and received prior written authorization from an authorized Brown & Brown representative before submitting candidates for any publicly posted role. Any unsolicited resumes submitted to Brown & Brown or its employees become the property of Brown & Brown, and no fees will be paid for such submissions. Additional information regarding this policy can be found on our careers page.
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”.