Job Description
Reporting to the Assistant Manager - Operations the Cash Technician will be responsible for all aspects of cash management for the reinsurance transactions in our risk and accounting systems for all books of business written across multiple balance sheets.
RESPONSIBILITIES
• Working closely with the Underwriting and Finance as part of the Operations team:
• Reconciliation of Broker/Cedant Statement of Accounts.
• Booking and applying/matching of cash receipts and disbursements in reinsurance accounting system
• Processing of all financial account messages
• Working with technical/claims teams to resolve issues whereby cash cannot be allocated to accounts
• Monitor accounts receivable and reports for overdue accounts (e.g. 60, 90 and 120 days) and follow up on all overdue accounts on a timely basis.
• Review cash in suspense balances and follow up on a timely basis
• Preparation and analysis of AR gross up
• Liaise with brokers/coverholders and clients to resolve aged debt issues.
• Maintenance of documentation of anticipated receipts, cash disbursements and broker queries/follow-ups.
• Management of all intercompany payments and receipts.
• Provide regular updates to team and manager
• Assist in creating efficiencies and value creation (review existing processing and propose updates/changes as appropriate)
• Participate in any special projects or ad hoc tasks that may be required by either Internal or external parties.
• Ensure all functions are carried out with a high degree of quality, in a timely manner.
QUALIFICATIONS, SKILLS & EXPERIENCE
• School diploma required; University degree preferred
• 5+years of related experience
• Strong computer skills (Excel, Word)
• Strong organizational skills with the ability to handle a variety of duties in a timely and accurate manner
• Strong problem-solving skills and ability to analyze and process complex accounts and transactions
• Strong communication skills.
• Insurance experience preferred
• Team player
Our people are our most valuable resource and core to our success. This is a fast-paced business environment, demanding a strong work ethic and a results-oriented approach. We offer competitive compensation and benefits, a comprehensive talent development program, and a reward system in which employees share in the success of the company. We are an engaged member of the communities in which we live and work and have a locally-led giving philosophy with generous employee matching program, global and local community grants and employee volunteerism.We seek diversity, create equity, and practice inclusion. Our people are at the heart of everything we do. We are an equal opportunity employer. We provide equal opportunity to all qualified individuals regardless of race, color, religion, national origin, sex, sexual orientation, gender identity, marital status, pregnancy, disability, military status or other legally protected categories.
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What We Do
RenaissanceRe is one of the world’s leading reinsurance companies, consistently recognised for our innovation, technical excellence and creative problem-solving. Our clients are multi-national organizations and government entities who turn to us to help manage the risks of operating in a volatile and uncertain world, including climate change, natural hazards like wildfires and hurricanes, cyber threats and significant societal upheaval. We’re proud of our world-class reputation for exceptional performance and being a trusted partner, there for our clients when it matters most. Our corporate purpose is to protect communities and enable prosperity. When disaster strikes, the claims we pay help keep businesses open and communities rebuild. Ensuring that our technology ecosystem can anticipate and respond to unprecedented global change in the world order is an imperative. It is only through continuously seeking to innovate through transformative technology that we can deliver our strategic business priorities, aims, and objectives. RenaissanceRe’s name comes from our founders’ intention to create a renaissance in quantifying and managing risk. Our success depends on the unique way we combine information, experience and technology to empower our decisions. We have developed new and cutting-edge technologies since the day we started in 1993 and have long been recognized as pioneers and technical innovators; designing and engineering solutions to rapidly serve clients and help them dynamically manage their business
