Munich Reinsurance America, Inc. - Princeton, NJ

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To develop, maintain and improve efficient collection and disbursement procedures, to ensure the accurate and timely collection of reinsurance recoverable balances from clients and the preparation of monthly management reports, as well as inquiry resolution.
  • Follow up with client companies on a regular basis to ensure the effective and efficient collection of reinsurance recoverable balances. Consistently report problem / critical items to the manager.
  • Prepare and control all cash reports as assigned. All data elements within the report should be verified. These data elements include but are not limited to registrations, cash receipt / disbursement activity and buybacks.
  • Ensure all billing letters are verified to the FS-RI/ARBISS. Report inconsistencies to the manager to be included in the monthly status report to the claims department. Perform regular consistency checks with Am-Re Brokers ARBISS system.
  • Address all inquiries in a timely manner. Coordinate with Claims Department as required to provide responses to clients. Maintain control of Inquiry Log to diary and address all inquiries.
  • Reconcile all Am-Re Brokers collection reports with FS-CD. Confirm accuracy of the entry, pursue for collection and/or recommend alternate means of clearing entry.
  • Develop and maintain a good working knowledge of MR’s processing and reporting systems and develop and maintain excellent communication within FMR and SBU's.
  • Perform special projects and other duties as assigned.

    • 2 –4 year college degree (Accounting or related discipline preferred).
    • 2 - 3 years collection experience
    • 2 years experience in Insurance / Reinsurance Accounting
    • Strong Communication skills both oral and written.
    • Knowledgeable in computer applications and PC software packages, particularly Windows, Excel, Microsoft Word for Windows and Microsoft Access.