Settings

Premium Insurance Analyst II

📁
Finance
📅
48835 Requisition #
Apply for Job
Share this Job
Sign Up for Job Alerts

Arthur J. Gallagher & Co., one of the world's largest insurance brokers, provides a full range of retail and wholesale property/casualty (P/C) brokerage and alternative risk transfer services globally, as well as employee benefit brokerage, consulting, and actuarial services in the United States. We also offer claims and information management, risk control consulting, and appraisal services to clients around the world.

 

 

Arthur J. Gallagher Risk Management Services, Inc. is the U.S. retail property/casualty brokerage division of Arthur J. Gallagher & Co. Our advisors specialize by industry and coverage types—developing solutions uniquely tailored to individual client requirements. We deliver a full range of insurance and risk management products and services, including traditional and loss-sensitive coverages, captives, alternative risk solutions, and financial products to clients around the world. For additional information, please refer to Career Opportunities with Arthur J. Gallagher & Co.

Summary

The Premium Insurance Analyst II reports directly to the Accounts Payable Supervisor within the Gallagher Global Division (GGB).  The Analyst II role is a driven subject matter expert that manages agency bill premium to insurance markets, commission payments to brokers, return premiums to client, market relations, and other accounting functions.  This analyst position identifies trends in data and recommends business processes for internal improvement.  Partner with the offshore to ensure daily departmental transactions are action and resolve timely. This opportunity is for a candidate looking to progress to the next level. 

Primary Responsibilities:

·         Collaborate with insurance markets, internal and external clients to drive resolution on issues triggering a negative impact on operational processes.

·         Analyze premium history to identify variances; focus on expedient resolution of premium discrepancies, obtain documentation from insurance markets in order to achieve three-way-match status.

·         Monitor outstanding Key Performance Indicators (KPIs) as a guide to proactively work premium transaction to prevent aging items.

·         Ability to critically think that leads to making solid decisions

·         Oversee the offshore team in timely collections of return premium from insurance markets to prevent bad reserve expense.

·         Evaluate and approve the accuracy of offshore and onshore premium disbursements.

·         Assist in performing regression testing when implementing system updates and/or new system.

·         Demonstrate a strong sense of urgency and ability to clearly communicate instructions to onshore and offshore teams.

·         Become a subject matter expert of systems and ad hoc reporting.

·         Ensure the depart is intercompany compliant along with driving resolution

·         Design and document business processes and make appropriate suggestions that will positively impact operational effectiveness.

·         Analyze premium data trends to determine process improvement and identify market changes.

·         Assist in a number of key projects and be the subject matter expert on department processes.

·         Innovative individual with the ability to flourish in a fast-paced project environment.

·         Proficient in reconciling general ledger and client transactional detail.

·         Perform all duties in compliance with Sarbanes-Oxley, Corporate Financial Policy, BSD Policy and departmental Procedures 

·         Refine standard operating procedures and for new processes, thoroughly document end to end.

·         Complete pre-month-end and month-end processes, duties, exhibits and reports as assigned including but not limited to FPM required reports. 

·         Perform other duties as assigned.

Other Functions:

·         Contribute to a cooperative team environment in which cross functions are assumed as necessary in order to meet department deadlines and goals. 

·         Maintain accounting support files. 

·         Support and implement process efficiencies. 

·         Participate in tasks as assigned for conversion, merger and acquisition integration as they relate to the accounts payable process. 

Required Competencies, Knowledge, and Skills:

·         Self-starter

·         Cross-function Team Player

·         Trend Analysis

·         Analytical and Issue Resolution Expert

·         Strong Customer Service skills

·         Change Management

·         Time Management

·         SOX Compliance

·         Account Reconciliation

·         Ad hoc Reporting

·         Professional Oral and Written Communication

·         Strong technical skills



Required:
  • High School Diploma or equivalent
  • Proficient in Excel, Word and Presentation
Desired:
  • Minimum 2 year analyst or similar accounting process experience.
  • Minimum 2 years of insurance brokerage accounting experience.
  • Agency management system experience.
  • Occasional travel.

U.S. Eligibility Requirements:

  • Interested candidates must submit an application and resume/CV online to be considered
  • Must be 18 years of age or older
  • Must be willing to submit to a background investigation; any offer of employment is conditioned upon the successful completion of a background investigation
  • Must have unrestricted work authorization to work in the United States.  For U.S. employment opportunities, Gallagher hires U.S. citizens, permanent residents, asylees, refugees, and temporary residents. Temporary residence does not include those with non-immigrant work authorization (F, J, H or L visas), such as students in practical training status. Exceptions to these requirements will be determined based on shortage of qualified candidates with a particular skill. Gallagher will require proof of work authorization
  • Must be willing to execute Gallagher's Employee Agreement or Confidentiality and Non-Disclosure Agreement, which require, among other things, post-employment obligations relating to non-solicitation, confidentiality and non-disclosure

Gallagher offers competitive salaries and benefits, including: medical/dental/vision plans, life and accident insurance, 401(K), employee stock purchase plan, educational expense reimbursement, employee assistance program, flexible work hours (availability varies by office and job function) training programs, matching gift program, and more.  

 
Gallagher believes that all persons are entitled to equal employment opportunity and does not discriminate against nor favor any applicant because of race, color, religion, sex, age, veteran status, disability, national origin, or any other legally protected status.  Equal employment opportunity will be extended in all aspects of the employer-employee relationship, including, but not limited to, recruitment, hiring, training, promotion, transfer, demotion, compensation, benefits, layoff, and termination.  In addition, Gallagher will make reasonable accommodations to known physical or mental limitations of an otherwise qualified applicant with a disability, unless the accommodation would impose an undue hardship on the operation of our business.

#LI-KP2

Similar Listings

Rolling Meadows, Illinois, United States

📁 Finance

Requisition #: 46690

Rolling Meadows, Illinois, United States

📁 Finance

Requisition #: 48103

Rolling Meadows, Illinois, United States

📁 Finance

Requisition #: 47794