What are the responsibilities and job description for the Reinsurance Treasury Associate position at Total Warranty Services?
The Reinsurance Treasury Associate will be responsible for creating payment requests, conducting payment reconciliations, calculating available funds, and troubleshooting any banking concerns that arise. They will also be responsible for conducting monthly cession reviews as part of the reinsurance team and miscellaneous projects.
ESSENTIAL DUTIES & RESPONSIBILITIES
Processing Payment Requests
· Reviewing for accuracy/confirming no prior payment
· Create, distribute and track payment requests
· Obtaining necessary approvals
· Working with the bank/vendors to confirm payment
· Save monthly bank statements
Overall Bank Management
· Making sure all parties have access to new accounts
· Ensuring accounts are properly closed
· Acting as the main contact for any bank inquiries
· Day to day management of all accounts
· Calculate monthly surplus distributions
Monthly Payment Reconciliation Reports
Projects
· Automating Statement Downloads
· Implementing Standing Authorization Letters
· Automating Transaction Reporting
· Misc. Reconciliations as needed.
Monthly Cession Reporting
· Reviews
· Email distribution