Deposit Specialist

Built on meritocracy, our unique company culture rewards self-starters and those who are committed to doing what is best for our customers.

Brown & Brown is seeking a Deposit Specialist to join our growing team in Minneapolis, MN!

The Deposit Specialist is responsible for processing all phases of direct bill reconciliations for the offices within the Retail division in accordance with established company practices and timelines.

How You Will Contribute:

• Collect, transact, reconcile and record insurance carrier commissions statements and payments.

• Analyze, identify and record unearned commissions.

• Review, research and resolve commissions not transacted and sitting in open activities.

• Leverage software automation for process efficiencies.

• Analyze and identify trends to become subject matter expert within scope of assigned carrier partner.

• Collaborate with profit centers to resolve billing errors.

• Build courteous and successful relationships with carriers and profit centers to maintain efficient practice.

• Promote teamwork, support, knowledge sharing and a positive attitude in the department and office.

• Participate in training opportunities to remain current on industry information, new product development, legislation, coverages, and technology including professional development and continuing education

Skills & Experience to Be Successful:

• Working knowledge of financial accounting and state regulations where business is conducted.

• Proficient knowledge in Microsoft Windows environment, including but not limited to Word, Excel, Power Point, and Publisher. Able to create, edit, and merge letters, spreadsheets, labels, etc.

• Proficient in Vertafore AMS360 products.

• Proficient knowledge use of office equipment (including but not limited to copy machines, printers, faxes, binding machine, etc.)

• 2+ year work experience in accounts payable in insurance industry.

• Preferred: College Degree in a finance-related field.

Pay Range

$17.00 - $20.00 Hourly

The pay range provided above is made in good faith and based on our lowest and highest annual salary or hourly rate paid for the role and takes into account years of experience required, geography, and/or budget for the role.

Teammate Benefits & Total Well-Being

We go beyond standard benefits, focusing on the total well-being of our teammates, including:

• Health Benefits: Medical/Rx, Dental, Vision, Life Insurance, Disability Insurance  
• Financial Benefits: ESPP; 401k; Student Loan Assistance; Tuition Reimbursement 
• Mental Health & Wellness: Free Mental Health & Enhanced Advocacy Services
• Beyond Benefits: Paid Time Off, Holidays, Preferred Partner Discounts and more. 

Not reflective of all benefits. Enrollment waiting periods or eligibility criteria may apply to certain benefits. Benefit details and offerings may vary for subsidiary entities or in specific geographic locations. 

Recruiting Vendor Disclosure Statement

Brown & Brown does not accept unsolicited resumes from external recruiters, recruitment vendors or employment agencies ("Recruiting Vendors"). Recruiting Vendors must have a valid written agreement and received prior written authorization from an authorized Brown & Brown representative before submitting candidates for any publicly posted role. Any unsolicited resumes submitted to Brown & Brown or its employees become the property of Brown & Brown, and no fees will be paid for such submissions. Additional information regarding this policy can be found on our careers page.

The Power To Be Yourself  

As an Equal Opportunity Employer, we are committed to fostering an inclusive environment comprised of people from all backgrounds, with a variety of experiences and perspectives, guided by our Diversity, Inclusion & Belonging (DIB) motto, “The Power to Be Yourself”.