This position entails interacting with underwriters and General Agents on an as needed basis regarding data requests and verification of data presented by the Agent. The Program Accountant is responsible for recording the written premiums produced by the Agent, along with collecting and applying cash relating to the premiums. This position is responsible for the day to day operations of the business products assigned by Program Finance management. This person will be expected to learn the process and produce timely and accurate financial reporting of their assigned accounts.
The AVP, Treasury will be responsible for Managing and Monitoring Cash Operations including Cash Positioning, Cash Forecasting, Short Term Investing, Wire Transfer Payments, Account Maintenance and Funding, Fraud Prevention, and Bank Account Set Up/Maintenance and Bank Relationship Management. They will also be responsible for Assessing and Recommending Products and Service Technologies and Systems that are available and appropriate for Treasury Operations. The AVP will have management responsibility for a staff which consists of a Director, Manager and Senior Accountant.
The Accountant supporting Alternative Markets line of business will work with the Alternative Markets Underwriting team, IT personnel, TPA’s, (where applicable) and Reinsurers on a day to day basis as far as data requested and verification of the data presented by the Underwriting team. The Accountant is responsible for the recording of the Underwriting Results by individual account (Gross and Ceded) and the analysis thereof for profitability. The position also calls for the reconciliation of the General Ledger for all Balance Sheet accounts that pertain to the division. In addition, the Accountant’s position involves the preparation of the ancillary schedules for Annual Statement purposes. They are also involved in the preparation of the Reinsurance Statement for submission to the Reinsurers and the application of cash thereof. The position is also responsible for the calculation of the Funding Requirements at year-end and submission to the Unauthorized Quota Share Reinsurers for collateral purposes.