Philadelphia, PA
3 days ago
Assistant Manager

The Assistant Manager role on the reinsurance team requires extensive knowledge of reinsurance accounting, contracts, and procedures. The candidate will use this knowledge to unravel complex reinsurance issues by identifying the technical issues and completing detailed reconciliations that provide a resolution. 

Responsibilities:

Prepare, disburse, and settle monthly/quarterly accounts in accordance with the contract agreements Review and approve monthly/quarterly settlements Preparation of monthly and quarterly ceded reinsurance financial reports. Provide commentary on various reports for senior management Work internally and with third parties to verify receipt of billings, initiate collection of open balances in accordance with established procedures, respond to queries, resolve receivable and payable discrepancies, and elevate unresolved collection issues Monthly review of the reinsurance premium and loss sub ledger to ensure accurate account balances for the Reinsurance Services team. Formulating action plans in order to resolve aged balances Resolve any issues or answer queries regarding the reinsurers’ statements, certificates or related entries in the reinsurance premium and loss systems Ad hoc requests from internal and external customers Bachelor’s degree – Accounting, Finance, Business, or related degreeInsurance designations (such as ARe / CPCU) desired5 to 7 years of reinsurance accounting experienceAbility to analyze large data sets to identify and resolve complex issuesAbility to work effectively in a fast paced environmentProven ability to work independently and take ownership of responsibilitiesExcellent oral and written communication skills requiredProficiency in Microsoft Excel and Microsoft Word is preferredFIRST and PeopleSoft knowledge is a plus
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