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Insurance Operations Specialist
Marsh & McLennan Companies
Austin, TX, United States
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Description
Marsh is a global leader in insurance broking and risk management. In more than 130 countries, our experts in every facet of risk and across industries help clients to anticipate, quantify, and more fully understand the range of risks they face. We work with clients of all sizes to define, design, and deliver innovative solutions to better quantify and manage risk. We offer risk management, risk consulting, insurance broking, alternative risk financing, and insurance program management services to businesses, government entities, organizations, and individuals around the world. To every client interaction we bring an unmatched combination of deep intellectual capital, industry-specific expertise, global experience, and collaboration. Since 1871, clients have relied on Marsh for trusted advice, to represent their interests in the marketplace, make sense of an increasingly complex world, and help turn risks into new opportunities for growth. Our more than 30,000 colleagues work on behalf of our clients, who are enterprises of all sizes in every industry, and include individuals, multinational organizations, and government entities worldwide. We embrace a culture that celebrates and promotes the many backgrounds, heritages and perspectives of our colleagues and clients. Visit www.marsh.com for more information and follow us on LinkedIn and Twitter @MarshGlobal
Marsh and its separately incorporated operating entities around the world are part of Marsh & McLennan Companies, a publicly held company (ticker symbol: MMC).
Marsh & McLennan Companies offers competitive salaries and comprehensive benefits and programs including: health and welfare, tuition assistance, 401K, employee assistance program, domestic partnership benefits, career mobility, employee network groups, volunteer opportunities, and other programs. For more information about our company, please visit us at: http://www.mmc.com/. We embrace a culture that celebrates and promotes the many backgrounds, heritages and perspectives of our colleagues and clients. For more information, please visit us at: www.mmc.com/diversity.
Marsh & McLennan Companies and its Affiliates are EOE Minority/Female/Disability/Vet/Sexual Orientation/Gender Identity employers
Summary
This position supports and executes the filing and payment of surplus lines taxes on behalf of Marsh clients and Marsh placing brokers. Individual must maintain working knowledge of surplus lines tax regulation for assigned state(s).
Responsibility
• Conducts compliance and quality review on insurance and invoicing documents associated to a Surplus Lines placement to ensure Marsh is in compliance with State Surplus Lines regulations
◦ If documents are not correct, coordinates with client service teams to make corrections
• Completes and files Surplus Lines affidavits for Marsh Licensee and Marsh Corporate license in assigned state(s); maintains record of corresponding Surplus Lines taxes reported throughout the state specified time period
◦ Accurately inputs filing information into the state filing website or state approved form
• Completes a Surplus Lines State tax return using approved state forms and creates corresponding check request for payment of Surplus Lines tax:
◦ Reviews all SL tax accounts payable transactions prior to submitting check request
◦ Creates check request based on filings made during the state filing period
◦ Reviews and approves surplus lines tax refund advances to client
◦ Maintains accurate record of checks and disbursement numbers for check requests
• Recruit and assign Surplus Lines Licensee to assist with each Surplus Lines Placement
◦ Obtains permission from and records licensee information in Clearinghouse Database
◦ Generates Pre & Post binding notices
◦ Returns Clearinghouse generated pre & post binding notices to requestor
• Re-calculate Surplus Lines Taxes on multi-state risks to comply with the Non-Admitted Reinsurance Reform Act (NRRA) Regulations
◦ Retrieve policy and tax information from Surplus Lines Data Extract Utility
◦ Perform recalculation using Surplus Lines tax recalculation tool •
◦ Produce timely modified invoice information for client team
• Special Projects as assigned
Requirements
• High School Diploma/GED
• Minimum 1 year tax experience
• MS Office
Preferred
• Insurance Industry Knowledge
Qualifications
Broker Licenses Required - Any