Business Analyst

6 months ago

Oakville, Canada HUB International Full time

ABOUT US

At HUB International, we are a team of entrepreneurs. We believe in empowering our clients, and we do so by protecting businesses and individuals in our local communities. We help businesses evaluate their risks and develop solutions tailored to their needs. We believe in empowering our employees. As a global firm, we offer employees resources in both technology and industry expertise, but we still maintain the local flavor of our offices. Our structure enables our teams to maintain their own unique, regional culture while leveraging support and resources from our corporate centers of excellence.

HUB is the 5th largest global insurance and employee benefits broker, providing a boundaryless array of property, casualty, risk management, life and health, employee benefits, investment and wealth management products and services. With over 17,000 employees in more than 550 offices throughout North America, HUB has grown substantially, in part due to our industry leading success in mergers and acquisitions.

**Essential Duties and Responsibilities**:
Function as primary contact with assigned insurance markets; focus on expedient resolution of billing discrepancies, obtain missing carrier invoices/statements from Insurance carriers and wholesalers in order to achieve three-way match status and timely disbursement

Prepare reconciliations in the Broker Management System in conjunction with invoices and/or statements received from markets in accordance with payment terms.

Monitor timely resolution of billing discrepancies in order to achieve a three-way match status on or before payment due date.

Process return premium requests to clients and premium finance companies.

Prepare analysis of aged open payables on a periodic basis.

Analyze, research and resolve exceptions.

Build and maintain positive working relationships with client service operations team and markets.

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

Monthly revenue reporting and variance analysis

Monthly Reconciliation of Revenue and balance sheet

Various metric reports

Customer data analysis by Division

Reporting retention by person

Provide managers with preliminary reports & analysis for month end review

**Other responsibilities**:
Daily review of direct bill tracker and/or deposits to identify balances that should be moved to other departments, regions or acquisitions. Coordinate posting of those reclassifications.

Follow up on delinquent $Activity requests to assist in resolution.

Retrieve Commission statements from carriers via mail

Match commissions statements to cash receipts.

Process direct bill commission download statements in Brokerage Management system(s)

Transact or Import and post non-download statements manually in Brokerage Management system(s)

Research and resolve Direct Bill suspense items on a periodic basis

Communicate with client service team to resolve exceptions.

Escalate unresolved items to supervisor per pre-determined aging timeline

May assist in other special projects as required

Research and resolve exceptions that occur in various workflows (unmatched, manual, import, download)

**Required Experience**:
At least 1-2 years’ experience in accounting field preferred.

Experience in a shared services accounting environment preferred.

Insurance Brokerage Experience preferred.

Must have excellent written and verbal communication skills

Intermediate Word and Excel Skills required

Strong analytical and problem solving skills

Work under pressure to deadlines

High degree of accuracy with a good eye for detail

Self-motivated and proactive

JOIN OUR TEAM

Do you believe in the power of innovation, collaboration, and transformation? Do you thrive in a supportive and client focused work environment? Are you looking for an opportunity to help build and drive change in a rapidly growing and evolving organization? When you join HUB, you will be part of a community of learners and doers focused on helping our leaders maximize the potential of their employees.

Department Accounting & Finance

**Required Experience**: 2-5 years of relevant experience

**Required Travel**: No Travel Required

**Required Education**: Bachelor's degree (4-year degree)

Hi, we’re HUB.

In a rapidly changing world, we advise businesses and individuals on how to prepare for the unexpected.

When you partner with us, you're at the center of a vast network of experts who will help you reach your goals through risk services, claims management, and compliance support.

And this gives you the peace of mind that what matters most to you will be protected — through unrelenting advocacy and tailored insurance solutions that put you in control.

About HUB International

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