Location: New York,NY, USA
Premier, global reinsurance firm seeking an Operations Assistant - Cash.
I have been supporting this client for 20+ years and I can sincerely say they have the best, most employee centric, corporate culture of any client I ve worked with. Their global team shares a passion for solving their customers problems through a collaborative and entrepreneurial culture that empowers employees and rewards creative thinking.
This position is a 4days per week in office role in midtown NYC very close to all major transportation hubs.
POSITION SUMMARY
The Sr. Operations Assistant - Cash will be responsible for all aspects of cash management for the reinsurance transactions in our risk and accounting systems for all books of business written across multiple balance sheets.
RESPONSIBILITIES
Working closely with the Underwriting and Finance as part of the Operations team:
Reconciliation of Broker/Cedant Statement of Accounts.
Booking and applying/matching of cash receipts and disbursements in reinsurance accounting system
Processing of all financial account messages
Working with technical/claims teams to resolve issues whereby cash cannot be allocated to accounts
Monitor accounts receivable and reports for overdue accounts (e.g. 60, 90 and 120 days) and follow up on all overdue accounts on a timely basis.
Review cash in suspense balances and follow up on a timely basis
Preparation and analysis of AR gross up
Liaise with brokers/coverholders and clients to resolve aged debt issues.
Maintenance of documentation of anticipated receipts, cash disbursements and broker queries/follow-ups.
Management of all intercompany payments and receipts.
Provide regular updates to team and manager
Assist in creating efficiencies and value creation (review existing processing and propose updates/changes as appropriate)
Participate in any special projects or ad hoc tasks that may be required by either Internal or external parties.
Ensure all functions are carried out with a high degree of quality, in a timely manner.
QUALIFICATIONS, SKILLS & EXPERIENCE
High School diploma required; University degree preferred
5+years of related experience
Strong computer skills (Excel, Word)
Strong organizational skills with the ability to handle a variety of duties in a timely and accurate manner
Strong problem-solving skills and ability to analyze and process complex accounts and transactions
Strong communication skills.
Insurance experience preferred
Team player