Job Description
Reporting to the Assistant Manager - Operations the Cash Technician 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
• 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
Our people are our most valuable resource and core to our success. This is a fast-paced business environment, demanding a strong work ethic and a results-oriented approach. We offer competitive compensation and benefits, a comprehensive talent development program, and a reward system in which employees share in the success of the company. We are an engaged member of the communities in which we live and work and have a locally-led giving philosophy with generous employee matching program, global and local community grants and employee volunteerism.We seek diversity, create equity, and practice inclusion. Our people are at the heart of everything we do. We are an equal opportunity employer. We provide equal opportunity to all qualified individuals regardless of race, color, religion, national origin, sex, sexual orientation, gender identity, marital status, pregnancy, disability, military status or other legally protected categories.
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