Program Accountant NYC to $65000 + bonus
Reports To: Program Controller
Duties:
Insurance Accounting
· Process & Review Direct Accounts received from MGAs
· Work with MGA & Broker on an operational basis to address problems
· Handle and resolve questions arising from account and cash
· Monthly reconciliation by caption
· Work with IT Department to reconcile programs that do not correspond with accounts
· Utilize knowledge of MGA contract wording and monitor compliance
· Review specific reinsurance accounts monthly and/or quarterly as required by agreement
· Interacts with Claims Department to ensure that all claims in reference to specific MGAs are processed and reconciled.
Cash and Suspense Application
· Application of Cash Receipts and Cash Disbursements in the G/L system
· Process payment requests and special cash call settlements
· Review suspense items in the system
· Cash reconciliation between claims, accounting and paid loss received from MGA
Account Analysis and Reporting
· Prepare a monthly aging report to be sent to MGA for overdue cash
· Prepare Annual Statement Schedule F, Schedule P & Pg. 15
· Determine Letter of Credit requirements and coordinate with brokers & MGA
REQUIREMENTS:
· BS/BA in accounting or finance
· 3-5 years minimum of direct insurance company experience
· Working with Managing General Agents (MGAs)
· Team oriented
· Self-starter
· Excellent communication and writing skills
· Experience with excel, Access, word and Oracle
Email resume in Word to thebiggamehunter@cisny.com ONLY IF YOU HAVE THE EXPERIENCE SOUGHT. Please include the job code with the position.
NO RELOCATION. NO VISA TRANSFERS. NO 3RD PARTIES. NO OVERSEAS RESUMES.
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