Senior Accountant

3 weeks ago


Mechanicsburg, Pennsylvania, United States Alera Group Full time
Senior Accountant Job Description

Alera Group, a leading insurance brokerage firm, is seeking a highly skilled Senior Accountant to join our team. As a key member of our financial operations team, you will be responsible for ensuring the timely and accurate processing of agency financial transactions, including commissions, agency billings, producer commissions, and accounts payable.

Key Responsibilities:
  • Process commissions and commission-related payments using agency commission processing systems to facilitate accurate and timely reporting to operations and financial stakeholders.
  • Administer and maintain commission processing systems, including setup of new customers, policies, lines of coverage, referral sources, producers, rate tables, subsidiaries, carriers, and related electronic remittance mappings/layouts for import, ensuring data integrity, accuracy, and population of key data fields.
  • Ensure accurate and timely posting of fees, commissions, reimbursements, and expenses to agency commission processing systems and reporting for general ledger posting.
  • Utilize commission reporting software to perform commission reconciliations and analyze payments, identifying missing carrier commissions, errors, and discrepancies for resolution in a timely and accurate manner.
  • Maintain payment records, including current banking information for direct deposits and ACH payments with carriers and referral sources.
  • Prepare and distribute commission statements for internal and external producers, including directly or through other delivery (e.g., maintenance of an agent portal).
  • Compile and submit bi-weekly payroll reports to Alera Group payroll team, including periodic commission and bonus payments, compensation adjustments.
  • Prepare monthly intercompany transactions as used by the Alera Group Accounting team for posting of referral payments.
  • Assist with monthly accounting close process at agency level to ensure accurate accounting records are maintained for agency as well as acquired business units.
  • Respond to inquiries from internal and external stakeholders, including Corporate Accounting Team.
  • Accounts Receivable:
    • Prepare and distribute invoicing to clients.
    • Monitor accounts to identify outstanding invoices and take actions by contacting clients to encourage timely invoice payments.
    • Reviews emails received in shared commission inboxes and following up on emails pending a response.
  • Carrier and Credential Management:
    • Sets up carriers and state apportionment paperwork as needed to facilitate carrier payments to the agency.
    • Seeks and effects implementation of efficiencies with processing of commissions, including but not limited to setup of electronic payments and remittances.
    • Manages credentialing and compliance, including providing licensure and evidence of insurance on an as needed basis.
  • Accounts Payable and Payments:
    • Review, submit, and code/tag all accounts payable processed via the Concur application or via manual check request.
    • Facilitate with Alera Corporate Accounts Payable team setup of new vendors in accounts payable systems to ensure timely and accurate processing and payment.
    • Facilitate timely processing of periodic premium payments to insurance carriers via ACH.

Alera Group offers a comprehensive benefits package, including medical, dental, life, and disability insurance, 401(k), generous paid time off, and more. We are an equal opportunity employer and welcome applications from diverse candidates.


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