Full-Time

Insurance Accounting Associate

Posted on 11/15/2024

HUB

HUB

5,001-10,000 employees

Data & Analytics
Consumer Software
Fintech

Entry, Junior

Oakville, ON, Canada

Requires onsite presence in Oakville, Ontario for three days per week.

Category
Bookkeeping
Cost Accounting
Financial Accounting
Accounting
Required Skills
Excel/Numbers/Sheets
Requirements
  • Required a minimum of 1 year in Accounting/ Finance field
  • Proven experience in managing AP process
  • High school diploma/GED required (Bachelor’s degree in Accounting/Finance is preferred)
  • Excellent attention to detail and accuracy in supporting processing functions
  • Strong organizational skills and ability to prioritize tasks effectively
  • Demonstrated proficiency working with Microsoft Excel and basic computer skills
Responsibilities
  • Prepare AP worksheet, review Outstanding AP and send summary
  • Process payments and set up EFT’s, Wires and send payment notifications
  • Process broker refunds and claims cheques and reconcile claims
  • Close accounting month and post journal entries including AFDA, expense accruals, SoA Reclasses, Trust position and other adjustments
  • Prepare revenue reports and reconcile income statement against production
  • Balance Sheet accounts reconciliation and bank reconciliation
  • Communicate with carriers on discrepancies and assist Operations team for production inquiries
  • Monitor bank transactions and verify flagged issues
  • Prepare sales tax

Company Stage

N/A

Total Funding

N/A

Headquarters

Chicago, Illinois

Founded

N/A

Simplify Jobs

Simplify's Take

What believers are saying

  • HUB's strategic leadership appointments, like Tim DeSett and Lauren Melzer, indicate a strong focus on growth and innovation.
  • The company's continuous expansion through acquisitions suggests robust financial health and a commitment to broadening its service offerings.
  • HUB's emphasis on personalized solutions, such as the clinical informatics resources for employee benefits, enhances its appeal to a diverse client base.

What critics are saying

  • Frequent acquisitions may lead to integration challenges and potential cultural clashes within the organization.
  • The competitive insurance brokerage landscape requires HUB to continuously innovate to maintain its market position.

What makes HUB unique

  • HUB International's aggressive acquisition strategy, including recent purchases of Wade Associates and WestStar Insurance, positions it as a dominant player in the insurance brokerage market.
  • The introduction of HUB Infused Analytics™ Data Suite for personalized employee benefits showcases HUB's commitment to leveraging data analytics for client advantage.
  • HUB's expansion into niche markets, such as aviation risk advisory services for affluent clients, differentiates it from traditional insurance brokers.

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