Settings

Sr. Premium Payables Analyst

📁
Finance
📅
48141 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 III reports directly to the Accounts Payable Supervisor within the Gallagher Global Division (GGB).  The Analyst III role functions as a subject matter for agency bill premium projects, process improvement and leads a team of analyst.  This analyst position identifies trends in data and implements business process improvements that will lead to a positive impact on operation effectiveness.  Serve as project lead on premium insurance projects from planning stage through the implementation.  Provide guidance to lower-level Analyst for resolution of complex issues.

Primary Responsibilities:

Build rapport among insurance markets, developing and maintaining improved and value-added working relationship.

Analyze information gathered from multiple sources to manage special programs and premium calculations to mitigate risk.

Evaluate and research upward trends to identify the underlying reason to make the appropriate recommendations that will reduce future liabilities.

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

Continually monitor process to ensure procedures and goals are being met. 

Execute root causes analysis and address findings with onshore and offshore teams

Serve as key contact between markets and internal production teams, ensuring prompt resolution of premium discrepancies, disputes, and unreconciled items.

Develop effective reporting tools to audit and monitor various agency systems to determine if Key Performance Indicators (KPIs) are being met and ensure we are complainant within the documented Key Controls. 

Become the subject matter expert that will allow the ability to lead projects and demonstrate a strong sense of urgency and ability to effectively communicate in a fast pace environment.

Coach and train lower Conduct training Create training documents and Conduct training and 

Perform high level testing in coordination with the system regression testing by quality assurance teams.

Organize and lead department meetings surrounding new system integration and new process procedure.

Ensure balance sheet variances are resolved within scheduled deadlines. 

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

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

Oversee pre-month-end close processes by ensuring all tasks are complete. 

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.  

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

Required Competencies, Knowledge, and Skills: 

Trend Analysis

Critical thinker and strong analytics 

Problem Solver

Self-starter

Cross-function Team Player

Project Management

Change Management

Time Management

Strong Customer Service skills

SOX Compliance

Account Reconciliation

Create and Manage Ad hoc reporting

Professional Oral and Written Communication

Risk Analysis & Control

Strong technical skills

Job Requirements

Bachelor’s Degree in Business or Finance or Insurance Designation

Minimum 5 years analyst or similar accounting process experience.  

Minimum 2 years of insurance brokerage accounting experience.  

Proficient in Excel, Word and Presentation. 

Agency management system experience strongly desired.

Occasional travel. 

Working Conditions 

Ability to work additional hours as needed to meet individual, team and department goals.

 
Required:
  • High School Diploma or equivalent
  • Three or more years of related work experience
Desired:
  • Associates Degree

Work Traits:

  • Emerging expert in a specific skill set, business area or product but remains focused primarily on daily execution.

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