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NYC Allied World Insurance Company

  • New York
  • NYC
NYC

NYC Allied World Insurance Company

  • New York
  • NYC
NYC

Job Objectives:Responsible for treaty and facultative ceded reinsurance reporting and payable and receivable reconciliation and resolution as well other regulatory reporting duties in the Finance department.Duties and Responsibilities:- Insurance/reinsurance accounting activities as it relates to premiums, losses, deposit accounting, collateral, cash allocations and recoveries.- Accurate and timely treaty bordereau preparation, validation and distribution.- Treaty settlement preparation and collections.- Facultative premium and claim validation, settlement and collections.- Cash application in ceded application; research open cash items.- Researching, reconciling and responding to broker and internal client inquiries.- Monthly confirmation and reconciliation of system generated ceded balances to general ledger source reports.- Quarter and Year End reporting.- Provide support to internal audit and external GAAP auditors as required.- Special projects as needed including data analysis and reconciliations, external reporting and process improvement projects.- Review of aging collection status of outstanding reinsurance recoverables and resolve issues delaying payment. Equal Opportunity Employer

Minimum Salary: 105000.00 Maximum Salary: 120000.00 Salary Unit: Yearly


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