What are the responsibilities and job description for the Cash Analyst-Insurance position at Perennial Resources International?
THIS ROLE WILL BE ONSITE 5 DAYS PER WEEK.
We are seeking a Cash Analyst for our White Plains, NY office. The Cash Analyst is responsible for booking and allocating cash in the sub-ledger system of record and assist with maintaining the Cashbook Bank Reconciliations. The Cash Analyst will also assist with Aged Debt reporting by contacting our brokers for collection of past due premiums as well as any ad-hoc project requests. The Cash Analyst will report into the Manager, Billing & Collection and will interact with both internal and external clients.
Responsibilities include:
• Ensures timely payments and receipts of broker invoices regarding insurance contracts
• Maintain Sub-ledger to Bank Reconciliation files
• Develop strong relationships with Brokers to facilitate timely and accurate cash receipts & disbursements
• Develop strong relationships with our internal Underwriting Units to ensure quality service
• Follow up with brokers regarding overdue balances to reduce Accounts Receivables
• Achieve qualitative and granular understanding of accounts and reported balances
• Support development, maintenance and distribution of concise and accurate reporting of balances
• Work with our Third Party Collection Agency to submit, track, and report trends regarding policies placed with the Agency
• Provide Information for all EV Audit Requests, premium confirmation letters and support for all requested balances.
• Ability to work on and resolve complex problems, and partner with Claims, IT, Accounting, Underwriting and Operations departments when necessary
• Troubleshoot data reconciliation and variance issues with operations, and resolving unallocated cash issues
• Experience calculating profit commissions preferred
• Strong Analytical ability, and detail oriented with the ability to work on high volume of daily transactions
• Support the bank reconciliation process and intercompany transfer process
• Ad-hoc project requests
Desired Skills & Experience
• 3 years of Accounts Receivable and Cash Accounting experience
• Bachelor's degree Accounting/Finance
• Must have proficiency with Microsoft Office Suite, Expert Level Excel Skills Required (Pivot Tables, V-Lookups, etc.)
• SAP/CD experience preferred
• Basic understanding of accounting procedures, internal and external reporting and variance analysis
• Knowledge of Insurance principles preferred
• Excellent verbal and written communication skills
• Detail oriented, organized, and strong problem solver with Analytical abilities and have a high level of accuracy
• Ability to work in a fast paced, high volume team environment with rapidly changing priorities and demands
• Desired personal qualities include: energetic, resourceful, hardworking, self-motivated, highly organized and able to prioritize