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DE - Wilmington,
PA
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positions.) |
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Career Field |
Accounting/Financial, Operations
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| Insurance
Discipline |
All
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| Relocation
Assistance |
Not Available
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| Job
Duration |
Full Time |
| Salary
Offered |
Open |
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This position is responsible for developing cash flow reports and forecasts which enable management to properly monitor cash flow, rely on forecasts, and understand the drivers of change from forecasts and prior periods.
This will require the development of cash flow reports and forecasts on a business unit and management basis. Tools will have to be designed and developed to provide these reports, and support the analytics required to understand trends and fluctuations in our cash flow. This includes all components of operating cash flow, for the Insurance - North American GAAP segment.
Additional responsibilities include:
Responsible for developing timely and accurate cash flow reports and receivable analysis for the Insurance-North American GAAP segment. This will include developing accompanying analytics to allow management the ability to assess the effectiveness of collection activities. This will require working with business groups to gather the necessary data.
-Work with internal reporting units to develop complete reporting of Aged Receivables.
-Provide weekly Cash Flow Forecast to Corporate Treasury and reports on Actual vs Forecast to Senior Management.
-Assist in documenting gaps with various Receivable Systems and make recommendations for necessary improvements.
-Actively participate in the preparation of the End-to-End process documentation and review (registration, billing, collections).
-Interface with numerous ACE units and departments while coordinating and implementing the necessary reporting to provide value added reporting of Aged Receivables and Cashflow Forecasting.
- The following reports/analysis will be developed/enhanced:
Direct Method Cash Flow Report - Monthly
Premium Rollforward - Monthly
Cash Flow Forecast - Weekly, Monthly & Quarterly
Receivable aging on billed and effective date bases - Monthly
Report on effectiveness of collection efforts compared to forecast, prior periods & industry norms - Monthly
In order to be successful in this position, candidates will need to:
• Possess a strong base of accounting knowledge,
• Possess a solid understanding of the insurance industry,
• Possess a well-honed set of communication tools to concisely and completely relay critical information.
• Effectively communicate findings and conclusions through both written and oral presentations.
• Develop and apply ad hoc financial analysis and modeling techniques for the purpose of analyzing results. A successful candidate will also bring innovation to the existing process to enhance existing analytical processes where required so that cash flow results are more thoroughly understood.
Qualifications
• Bachelors degree in Accounting or Finance
• CPA preferable
• Excellent PC skills are essential, with a good working knowledge of Microsoft applications required. Exposure to PeopleSoft is a plus.
• Strong project management skills are a plus.
Background and skills should include most of the following:
• Financial analysis experience within the Property & Casualty insurance or reinsurance industry with a foundation in Statutory & GAAP accounting principles.
• A commanding and confident presence given the position's interaction with senior management
• Strong leadership, management and interpersonal skills
• Experience with written analysis and oral presentations to management
• Quick thinking self-starter capable of working independently, and as part of a team, with the ability to meet tight deadlines.
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