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Regular or Temporary:

Regular

Language Fluency: English (Required)

Work Shift:

1st shift (United States of America)

Please review the following job description:

Responsible for all lines and types of insurance premiums and commissions, providing accurate accounting and reporting of transactions for insurance services, ensuring financial reporting is in full compliance with GAAP accounting principles. Working with line of business and insurance carriers, brokers and agents to provide timely payment and/or reconciliation of insurance premiums and commissions.

ESSENTIAL DUTIES AND RESPONSIBILITIES

Following is a summary of the essential functions for this job. Other duties may be performed, both major and minor, which are not mentioned below. Specific activities may change from time to time.

• Maintain and work within all appropriate controls to assure compliance with all Sarbanes Oxley requirements, including but not limited to, security in workflow, handling of checks and other funds, reporting of financial results.

• Responsible for timely premium accounting and/or commission processing/reconciling of all lines and types of insurance premiums and commissions.

• Research and resolve aged items due to/from insurance carriers, brokers and agents.

• Work with and resolve inquiries from third party service providers and LOB client service associates associated with these transactions.

• Provide support and documentation as requested.

• Ensure the timely, proper and accurate reporting of insurance accounting transactions in a manner consistent with GAAP accounting principles.

• Assist in special projects as needed.

Qualifications

Required Qualifications:

The requirements listed below are representative of the knowledge, skill and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• Associate degree or equivalent education and related training.

• Good organizational and interpersonal skills.

• Ability to communicate effectively with peers, and leaders within the Corporation as well as appropriate individuals external to the Corporation. Demonstrated proficiency in basic computer applications such as Microsoft Office software products.

• Ability to work without close supervision.

• General knowledge of insurance transactions and accounting.

• Two or more years in an accounting role.

Preferred Qualifications:

• Prior experience in an insurance accounting role.

• Experience running daily commission cycle including tying out totals and reports and obtaining proper approvals.

• Experience processing voided checks and stop-payments timely.

• Ability to respond to AP and Billing emails within a given timeframe.

• Experience preparing 1099 reporting.

• Ability to prepare and distribute all standard recurring monthly invoices as well any ad-hoc billings requested by the line of business.

• Experience reviewing the accounts receivable listing monthly and follow-up on outstanding invoices.

• Experience preparing billing related monthly journal entries and recording in the general ledger.

• Ability to prepare and record month end journal entries.

General Description of Available Benefits for Eligible Employees of Truist Financial Corporation: All regular teammates (not temporary or contingent workers) working 20 hours or more per week are eligible for benefits, though eligibility for specific benefits may be determined by the division of Truist offering the position. Truist offers medical, dental, vision, life insurance, disability, accidental death and dismemberment, tax-preferred savings accounts, and a 401k plan to teammates. Teammates also receive no less than 10 days of vacation (prorated based on date of hire and by full-time or part-time status) during their first year of employment, along with 10 sick days (also prorated), and paid holidays. For more details on Truist’s generous benefit plans, please visit our Benefits site (https://benefits.truist.com/)

. Depending on the position and division, this job may also be eligible for Truist’s defined benefit pension plan, restricted stock units, and/or a deferred compensation plan. As you advance through the hiring process, you will also learn more about the specific benefits available for any non-temporary position for which you apply, based on full-time or part-time status, position, and division of work.

Truist supports a diverse workforce and is an Equal Opportunity Employer that does not discriminate against individuals on the basis of race, gender, color, religion, citizenship or national origin, age, sexual orientation, gender identity, disability, veteran status or other classification protected by law. Truist is a Drug Free Workplace.

EEO is the Law (https://www.eeoc.gov/sites/default/files/2022-10/EEOC_KnowYourRights_screen_reader_10_20.pdf)

Pay Transparency Nondiscrimination Provision (https://www.dol.gov/sites/dolgov/files/OFCCP/pdf/pay-transp_%20English_formattedESQA508c.pdf)

E-Verify (https://e-verify.uscis.gov/web/media/resourcesContents/E-Verify_Participation_Poster_ES.pdf)