Applied Warranty & Insurance Services
Accounting and Reconciliation Specialist
Applied Warranty & Insurance Services, Miami, Florida, us, 33222
Accounting and Reconciliation Specialist
The Accounting & Reconciliation Specialist is responsible for ensuring the accuracy and integrity of financial data related to insurance and warranty operations. This role includes reconciling policy files submitted by clients, financial transactions from policy sales, and preparing journal entries for monthly financial activity. The specialist will also create reports that will assist management in reviewing the company’s financial performance and identifying trends and improvements.
Key Responsibilities
Reconcile policy-level data submitted by clients against internal systems, carrier reports, and bank deposits to ensure accuracy in premium and commission recognition.
Perform reconciliations for policy sales, ensuring that all receipts and disbursements match policy and accounting records.
Handle processing and investigation of chargeback cases, ensuring resolution by communicating with customers, merchants, banks, and credit card companies to resolve disputes.
Verify the proper recording and allocation of funds received from payment processors, credit card gateways, and third‑party sales platforms.
Prepare monthly journal entries for insurance and warranty revenue, commissions, refunds, and other program activity.
Perform monthly and quarterly account reconciliations, including premiums payable/receivable, commission accruals, and producer settlements.
Support cash flow tracking and analysis to ensure accurate reporting of premium collections and claims or refund disbursements.
Collaborate with operations, underwriting, and IT to resolve data discrepancies in transaction files.
Create and maintain reports to assist management in reviewing monthly results, identifying trends, variances, and improvement opportunities.
Maintain documentation to support internal controls, external audits, and regulatory reporting requirements.
Perform other duties as assigned.
Qualifications
Bachelor’s degree in Accounting, Finance, or related discipline.
2–5 years of experience in accounting or reconciliation; insurance, warranty, or fintech industry experience strongly preferred.
Proven ability to reconcile high‑volume financial transactions from multiple systems or payment platforms.
Working knowledge of merchant settlement processes, payment processors, and chargeback handling.
Attention to detail, ability to work and complete tasks independently, analytical mindset, and ability to meet deadlines in a fast‑paced environment.
Preferred Skills
Experience with policy administration, bordereaux reporting, and MGA reporting systems.
Familiarity with insurance accounting principles (premium recognition, commission accruals, trust accounting).
Ability to interpret and analyze merchant settlement reports from Stripe, PayPal, or similar processors.
Seniority level Entry level
Employment type Full-time
Job function Accounting/Auditing and Finance
Industries Insurance
Location & Salary Miami, FL
– Salary: $82,500.00 – $110,000.00
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Key Responsibilities
Reconcile policy-level data submitted by clients against internal systems, carrier reports, and bank deposits to ensure accuracy in premium and commission recognition.
Perform reconciliations for policy sales, ensuring that all receipts and disbursements match policy and accounting records.
Handle processing and investigation of chargeback cases, ensuring resolution by communicating with customers, merchants, banks, and credit card companies to resolve disputes.
Verify the proper recording and allocation of funds received from payment processors, credit card gateways, and third‑party sales platforms.
Prepare monthly journal entries for insurance and warranty revenue, commissions, refunds, and other program activity.
Perform monthly and quarterly account reconciliations, including premiums payable/receivable, commission accruals, and producer settlements.
Support cash flow tracking and analysis to ensure accurate reporting of premium collections and claims or refund disbursements.
Collaborate with operations, underwriting, and IT to resolve data discrepancies in transaction files.
Create and maintain reports to assist management in reviewing monthly results, identifying trends, variances, and improvement opportunities.
Maintain documentation to support internal controls, external audits, and regulatory reporting requirements.
Perform other duties as assigned.
Qualifications
Bachelor’s degree in Accounting, Finance, or related discipline.
2–5 years of experience in accounting or reconciliation; insurance, warranty, or fintech industry experience strongly preferred.
Proven ability to reconcile high‑volume financial transactions from multiple systems or payment platforms.
Working knowledge of merchant settlement processes, payment processors, and chargeback handling.
Attention to detail, ability to work and complete tasks independently, analytical mindset, and ability to meet deadlines in a fast‑paced environment.
Preferred Skills
Experience with policy administration, bordereaux reporting, and MGA reporting systems.
Familiarity with insurance accounting principles (premium recognition, commission accruals, trust accounting).
Ability to interpret and analyze merchant settlement reports from Stripe, PayPal, or similar processors.
Seniority level Entry level
Employment type Full-time
Job function Accounting/Auditing and Finance
Industries Insurance
Location & Salary Miami, FL
– Salary: $82,500.00 – $110,000.00
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