Director, Fiduciary Accounting

About Us:

At HUB International, we are a team of entrepreneurs. We believe in protecting and supporting the aspirations of individuals, families, and businesses. We help our clients evaluate their risks and develop solutions tailored to their needs. We believe in empowering our employees to learn, grow, and make a difference. 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 business insurance, employee benefits, risk services, personal insurance, retirement, and private wealth management products and services. With over $5 billion in revenue and almost 20,000 employees in 600 offices throughout North America, HUB has grown substantially, in part due to our industry leading success in mergers and acquisitions.

Position Overview: We are seeking a highly skilled and experienced Fiduciary Accounting Leader to join our dynamic team at HUB International, a leading insurance broker. This role is pivotal in ensuring the accuracy and integrity of fiduciary accounts receivable (AR) and accounts payable (AP) calculations. The successful candidate will be responsible for establishing and maintaining robust internal controls and Sarbanes-Oxley (SOX) compliance around these calculations. Additionally, this role will oversee premium accounting and related components, ensuring seamless financial operations.

Key Responsibilities:

• Fiduciary AR and AP Management:

  • Oversee the calculation and reconciliation of fiduciary accounts receivable and accounts payable.

  • Ensure timely and accurate processing of fiduciary transactions.

  • Monitor and analyze fiduciary balances to identify discrepancies and implement corrective actions.

• Internal Controls and SOX Compliance:

  • Develop, implement, and maintain internal controls to safeguard fiduciary accounting processes.

  • Ensure compliance with SOX requirements, including documentation and testing of controls.

  • Collaborate with internal and external auditors to facilitate audits and address findings.

• Premium Accounting Oversight:

  • Manage premium accounting processes, including premium collection, allocation, and reconciliation.

  • Ensure accurate recording and reporting of premium-related transactions.

  • Work closely with underwriting and claims departments to resolve premium accounting issues.

• Financial Reporting and Analysis:

  • Prepare and review fiduciary accounting reports for management and regulatory purposes.

  • Conduct financial analysis to support decision-making and strategic planning.

  • Provide insights and recommendations to improve fiduciary accounting practices.

Qualifications:

• Bachelor’s degree in Accounting, Finance, or a related field; CPA or equivalent certification preferred.

• Experience with Fiduciary Accounting for Insurance intermediaries.

• Experience in premium accounting – cash flow for intermediaries.

• Experience with ACS 606, including an understanding of commissions, fees, contingent commissions, and cancellation constraints.

• Minimum of 7 years of experience in fiduciary accounting, preferably within the insurance industry.

• Strong knowledge of SOX compliance and internal control frameworks.

• Proficiency in accounting software and financial management systems.

• Excellent analytical, problem-solving, and communication skills.

• Proven leadership experience with the ability to manage and develop a high-performing team.

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 International, you will be part of a community of learners and doers focused on our Core Values: entrepreneurship, teamwork, integrity, accountability, and service.

Disclosure required under applicable law in California, Colorado, Illinois, Maryland, Minnesota, New York, New Jersey, and Washington states: The expected salary range for this position is $150,000 to $180,000 and will be impacted by factors such as the successful candidate’s skills, experience and working location, as well as the specific position’s business line, scope and level. If you beli