Senior Insurance Accounting Analyst

Location: Southfield, MI Job Type: Full-Time, Direct Hire Position Summary Our client is seeking an experienced Senior Insurance Accounting Analyst to support its insurance brokerage and risk management operations. This position plays a key role in maintaining accurate financial records, managing premium trust account activity, coordinating with an outsourced bookkeeping provider, and ensuring compliance with insurance fiduciary and accounting requirements. The Senior Insurance Accounting Analyst will oversee the reconciliation of the agency management system (AMS) with the company's ERP/general ledger system, review financial reporting, coordinate carrier payments and commission releases, and support monthly financial close activities. This is an excellent opportunity for an accounting professional with insurance agency accounting, trust accounting, or brokerage financial operations experience who is comfortable working independently in a highly detail-oriented and compliance-focused environment. Key Responsibilities Treasury & Payment Processing Receive and deposit incoming premium payments into applicable premium trust accounts.Review and execute carrier payment instructions and premium remittances.Review commission release requests and initiate appropriate transfers between trust and operating accounts.Process electronic payments and ACH transactions to carriers and other authorized recipients.Monitor bank accounts for incoming deposits and outgoing payments.Reconcile cash activity and ensure appropriate trust account balances are maintained.Maintain accurate documentation of deposits, payments, and other financial transactions. Agency Management System & Bookkeeping Coordination Serve as the primary internal contact for an outsourced bookkeeping/accounting provider.Coordinate bookkeeping activities and ensure transactions are recorded accurately and timely in the agency management system (AMS).Review agency-billed and direct-billed transactions, premium receivables, payables, and commission activity.Reconcile transactions between the AMS and ERP/general ledger system.Identify and resolve discrepancies between systems.Coordinate the transition of accounting processes as the AMS becomes the primary transaction system.Ensure carrier invoices, statements, and other supporting documentation are properly maintained within the AMS.Monitor customer accounts receivable and premium payable reports and follow up on outstanding balances.Review producer commission statements and related accounting activity. General Ledger & Financial Reporting Review monthly financial statements, including:Balance sheetIncome statementAccounts receivable agingPremium payable detailProducer commission payable detailReconcile operating bank accounts to the general ledger.Manage monthly close activities and ensure financial information is complete and accurate.Prepare, review, and/or post summarized journal entries from the AMS into the ERP/general ledger system.Maintain accurate reconciliations between the AMS and ERP systems.Apply GAAP accounting principles applicable to insurance brokerage operations.Support management and corporate financial reporting requirements. Fiduciary Compliance & Governance Monitor premium trust account activity and cash flows.Ensure accounting records meet applicable state insurance and fiduciary requirements.Maintain complete records of insurance transactions, including premiums, receipts, disbursements, insured information, insurer information, policy/binder numbers, and risk descriptions.Ensure required records are maintained and readily available for regulatory examination.Assist with preparation and submission of applicable surplus lines filings, affidavits, and regulatory reports.Maintain appropriate controls surrounding premium trust funds, carrier payments, commission releases, and related transactions.Protect confidential client, policy, financial, and company information. Required Qualifications Bachelor's degree in Accounting, Finance, Business, or a related field.3+ years of experience in insurance agency accounting, trust accounting, insurance brokerage accounting, or related financial operations.Experience with premium trust accounts, carrier payments, commission accounting, and/or insurance fiduciary requirements strongly preferred.Working knowledge of Agency Management Systems (AMS) and insurance accounting workflows.Understanding of agency-billed and direct-billed transactions, trust accounting ledgers, bank reconciliations, and commission accounting.Knowledge of insurance fiduciary requirements or the ability to quickly develop knowledge of applicable regulations.Experience with SAP or another ERP/general ledger system preferred.Experience working with outsourced bookkeeping or accounting providers preferred.Proficiency with online banking platforms, ACH origination, and electronic payment processing.Strong understanding of accounting principles and financial reporting.Exceptional attention to detail and commitment to accuracy.Strong organizational and time-management skills.Excellent written and verbal communication skills.Ability to work independently while maintaining strict financial controls and compliance standards.High level of integrity and discretion when handling confidential financial and client information. Work Environment Full-time, professional office environment in Southfield, Michigan.This position requires a high degree of accuracy, confidentiality, and compliance with applicable insurance and financial regulations.The role works closely with internal management, accounting personnel, an outsourced bookkeeping provider, insurance carriers, and other business partners.Occasional travel may be required based on business needs. Why Consider This Opportunity? This is a direct-hire opportunity with an established organization offering the opportunity to take ownership of important insurance accounting, treasury, financial reporting, and fiduciary compliance functions. The successful candidate will have the opportunity to serve as a key accounting resource within the organization and play an important role in improving and maintaining efficient insurance accounting processes. Equal Opportunity Employer: We are committed to providing equal employment opportunities to all qualified applicants and prohibit discrimination based on any legally protected status.