Accounting Manager - Cash

Highlights

Job ID: JJ-AMC-EM

Position Type: Full Time - Regular

Location: NY-New York

Relocation: No

Requirements:

SKILLS/EXPERIENCE REQUIRED:

At least 7-10 years of practical accounting and/or audit experience in the financial sevices industry

Staff development and management experience required

Insurance and/or Reinsurance experience preferred (Statutory and GAAP accounting principles)

SOX control and GAAP financial reporting experience required

Accounting and/or Finance degree required; CPA designation preferred

Systems implementation and/or Project Management experience a plus

Strong accounting, analysis and reconciliation skills

Proven team building and leadership skills

Solid oral and written communication skills

Advanced Excel skills (Pivot Tables, V Lookupfunctions)

Education: Bachelors

Experience: 6-9 years

Description:

Chartis International has an opportunity for an Accounting Manager-Cash in its Finance division.

As an Accounting Manager-Cash, you will be responsible for the following:

Ensure the data in the A/P subledgers is complete, accurate and reliable including:

Pay, collect and properly apply balances in a timely and accurate manner.

Proper recording of cash calls.

Research and resolve all balances > 90 days

Develop/implement an effective collections process including an automated cash collection report and dunning letter process.

Provide regular status updates to management and ensure proper notification of problems/issues and recommendations for improvement.

Develop/maintain a Cash Unit Production Calendar that documents the daily cash receipts and disbursements activity for Chartis International ceded reinsurance balances including staff assignments, supervisor/manager review, completion dates and other data. This tool will be used to communicate management objectives (complete, timely and accurate processing) to the staff.

Direct and motivate staff. Manage staff development activities.

Develop timely and accurate cash flow models and related budgets and reports (weekly, monthly and annually).

Prepare cash flow presentations to matrixed Chartis International management teams.

Maintain adequate internal controls for Chartis International reinsurance accounts including:

The timely reconciliation and clearance of activity in the cash clearance accounts.

Ensuring on account cash balances are cleared within 30 days.

Ensure that reconciliations for all accounts are completed timely (within 45 days after the end of the quarter) and in accordance with corporate policy (refer to AIG and AIU Policy Statements).

Work with staff and Chartis International teams to develop action plans to remediate reconciling items including the determination of staffing needs and completion timetable.

Enhance, Develop and Implement Procedural and Internal Control Documentation, including the development of business processes and key controls, including, but not limited to:

Controls over intercompany cash settlement process.

Key Controls (SOX)

Management Controls - PwC/IAD MLCs

Develop and implement departmental standards, including:

Reporting and workpaper requirements.

Meeting standards and followup procedures.

Shared file organization and maintenance.

Staff training and development initiatives.

Support regulatory compliance and audit processes.

About Us:

Chartis is a world leading property-casualty and general insurance organization serving more than 40 million clients in over 160 countries and jurisdictions. With a 90-year history, one of the industrys most extensive ranges of products and services, deep claims expertise and excellent financial strength, Chartis enables its commercial and personal insurance clients alike to manage virtually any risk with confidence.

At Chartis we support and encourage a diverse work environment. EOE..