The Account Services Financial Coordinator will work in the ACE Global Services Finance group. Major Duties and Responsibilities:
Manage financials and accounting for highly complex detailed multinational Property and Casualty Cash Flow programs.
Monitor/track global direct premium receivables for timely reinsurance payments within the terms of reinsurance contracts.
Work closely with Account Service Team and Financial Operations to confirm all financial aspects of account including direct, ceded, commissions, fees, overrides and taxes.
Interact directly with risk managers, domestic and international underwriting, captive/ facultative reinsurers, and brokers in worldwide locations with a focus on our customer and service
Communicate and escalate open items as required to ensure prompt and accurate resolution.
Document, assess, and reengineer (where appropriate) current systems and processes employed by the Financial Account Management team. Overtime, responsibility will expand to include identifying metrics to appropriately assess team performance and assist with the compilation of metrics on a monthly/quarterly basis.
Management reporting – design/generate/distribute weekly, monthly, and quarterly reports supporting both Financial and operational activity
Respond to and provide data requests in raw or report form. Requires an understanding of relational database structures and use of query tools.
Provide technical support to business and operations groups including policy registrations and production.
Identify and implement financial process improvements across multiple operational areas. (e.g., process flow analyses, streamlining efforts).
Work on multiple projects in support of departmental goals.
Project Management – define, prioritize, monitor, deliver, report.
Position will manage staff in 12-18 months
B.S. degree in Accounting or Finance
Three (3) years insurance industry experience.
Multinational business experience.
Demonstrated leadership skills
Ability to work with clients, reinsurers and other third parties in a highly professional and diplomatic fashion
Ability to interpret and comprehend complex legal/business contracts and financial arrangements.
Excellent communications skills, as well as demonstrated ability to persuade, negotiate and interface with various levels of internal and external management.
Effective problem solving and analytical ability, as well as strong financial background.
Ability to work effectively on a team to understand, develop and refine financial and operational processes.
Demonstrated commitment to quality, independent and highly organized.
Advanced skill level in Microsoft products is required (Excel, Visio, Access, etc)
Experience with accounting applications such as PeopleSoft or Oracle is preferred
The ACE Group is one of the world’s largest multiline property and casualty insurers. With operations in 53 countries, ACE provides...