Accounts Analyst-Insurance Accounting

Company: Partnership Employment
Location: New York
Posted on: November 19, 2024

Job Description:

THIS ROLE IS ONSITE 3 DAYS PER WEEK IN NYC.

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COMPANY OVERVIEW

Company is an employee-owned, independent reinsurance intermediary committed to achieving our mission by reinvesting in our firm. We deliver responsive account services, customized and proprietary analytics and global access to our clients. Our commitment to employee development, diversity, financial stability and integrity has helped us recruit and retain top talent, attract new business and develop trusting, decades-long relationships with satisfied clients.

A consistent thread runs through all the services company offers - client advocacy. We are committed to understanding each client's needs, corporate culture, risk tolerance and overall business approach. We uniquely tailor our proprietary analytics, expertise, and tools to suit our clients' specific needs, while maintaining a relentless commitment to giving clients what they truly need, with no two client solutions exactly the same.

Given our global reach, access to industry leaders, experience of our people, and presence at industry meetings, we develop leading-edge placement alternatives that offer unique coverage and capacity to each client. All accomplished with a steadfast focus on the long-term.

POSITION SUMMARY

The Account Analyst will have responsibility for all aspects of reinsurance accounting and claims processing for
assigned clients. They will be responsible for contract set up in the Pivot Point System and processing all reinsurance
accounting and claims transactions, including both excess of loss and pro rata business. The position will also be
responsible for statistical and claims support for the broking team and the technical Claims Department.

ESSENTIAL FUNCTIONS AND RESPONSIBILITIES

Serve as day-to-day point of contact for the client on Operational, Accounting, and Claims matters
Program setup in the Pivot Point System to ensure compliance with reinsurance contract terms
Confirm and bill Deposit Premiums, Premium Adjustments, and Profit Commission calculations
Monitor and service periodic Pro Rata Treaty Accounts
Along with the Fiduciary Accounting team, coordinate cash collections and track cash receipt and disbursements of multi underwriting year Pro Rata Treaty Accounts
Review and process all claims notices and billings within Holborn's established timelines
Collaborate with the Claims Technical Manager on specific client claims issues
Pursue collection of all outstanding Premium and Claim balances
Work with Clients and L.O.C. Committee on year-end Collateral Funding requirements
Preparation of Experience Reports and other statistical reports as requested
Special Projects as requested, including working with various internal department committees

OTHER DUTIES AND RESPONSIBILITIES

This job description reflects general details necessary to describe the job's essential functions and the job's level of knowledge and skill typically required. The job description should not be considered an all-inclusive listing of work requirements. Individuals may perform other duties as assigned.

EDUCATION AND EXPERIENCE

5 to 10 years of relevant (re)insurance experience
Bachelor's degree in Business or Accounting Preferred but not necessary
Proficient in PC applications including Outlook, Excel, Word, PowerPoint, and Microsoft Office. Power BI experience a plus
Use of an on-line broker or reinsurance accounting system a plus

REQUIRED KNOWLEDGE, SKILLS, & ABILITIES

Demonstrates initiative, a strong work ethic, and sense of urgency
Ability to work independently
Exceptional interpersonal, teamwork skills and the ability to interact effectively with all levels of the organization.
Projects a strong value system (e.g. integrity, trustworthiness, respect)
Ability to establish and maintain enduring professional relationships with colleagues, clients and reinsurers
Demonstrates effective verbal and written communication, presentation, and listening skills.
Must be very detail-oriented and possess excellent organizational skills. Attention to detail is a must!
Ability to maintain confidentiality with client data
Ability to multi-task and manage various projects simultaneously

Keywords: Partnership Employment, Passaic , Accounts Analyst-Insurance Accounting, Accounting, Auditing , New York, New Jersey