NA Programs Cash and Collections Lead

AXIS Capital; Princeton (NJ); On-site; USD 95,000 - 115,000; Full time

Benefits offered by this job

Medical plans for you and your family

Health and wellness programs

Retirement plans

Tuition reimbursement

Paid vacation

Job summary

AXIS Capital seeks a Lead Manager for North America Premium Accounting to guide cash allocations and premium receivables across US and Canada. You will partner with internal teams and brokers to ensure timely payments and accurate reporting.

The role demands at least 5 years in P&C insurance finance, strong Excel/Access/Outlook skills, and leadership to drive month-end close and reconciliation processes.

Qualifications

• Bachelor's degree in Accounting or Finance or equivalent work experience.
• Minimum of 5 years P&C insurance industry experience.
• Demonstration of strong software skills including Excel, Access, and Outlook.

Responsibilities

• Lead the North America Insurance Premium Accounting team—guide on cash allocations and premium receivables; assist in escalation when needed.
• Ensure timely follow-up on premium receivables and cash variances; monitor for timely resolution.
• Escalate items when internal/external contacts are not responding timely; liaise with brokers and internal teams.
• Research and resolve outstanding issues with internal departments and external brokers; communicate past due receivables.
• Review BPO vendor's overdue receivables report; coordinate with AXIS departments/brokers to resolve discrepancies.
• Track daily cash receipts entry into the premium accounting system by the BPO vendor; enforce processing controls.

Education

Bachelor's degree in Accounting or Finance or equivalent work experience

Tools

Excel

Access

Outlook

Job description

This is your opportunity to join AXIS Capital - a trusted global provider of specialty lines insurance and reinsurance. We stand apart for our outstanding client service, intelligent risk taking and superior risk adjusted returns for our shareholders. We also proudly maintain an entrepreneurial, disciplined and ethical corporate culture. As a member of AXIS, you join a team that is among the best in the industry. At AXIS, we believe that we are only as strong as our people. We strive to create an inclusive and welcoming culture where employees of all backgrounds and from all walks of life feel comfortable and empowered to be themselves. This means that we bring our whole selves to work. All qualified applicants will receive consideration for employment without regard to any protected characteristic, including age, color, disability, ethnicity, gender identity, marital status, national origin, pregnancy, race, religion, sex, sexual orientation, veteran status, or any basis prohibited by the laws that govern its operations.

Job Description

North America Programs/MGA Cash and Receivable Lead Manager How does this role contribute to our collective success? This role will be part of the North America Insurance Premium Accounting team. The team is responsible for collection of all premium receivables and cash allocations for the Insurance premium written on US writing companies - including Canada. This team is instrumental in making sure premiums are paid timely and are key to the cash flow of the company overall.

What will you do in this role?

• Lead the North America Insurance Premium Accounting team - providing guidance on how to resolve differences/issues on cash allocations and premium receivables and assist in escalation process if required.
• Ensure the team is following up on premium receivables and cash variances as expected.
• Escalate items where internal/external contacts are not responding timely
• Work in conjunction with the internal departments and external brokers to research and resolve any outstanding issues and/or inquiries.
• Communicate with brokers and Axis internal customers on past due premium receivables.
• Review the overdue receivables report produced by the BPO vendor and work with Axis internal departments and/or brokers to resolve discrepancies.
• Track the entry of the cash receipts into the premium accounting system by the BPO vendor daily while ensuring adherence to established process and delivery standards.
• Ensuring controls are being followed by the BPO vendor for cash processing.
• Month-end close processing for the legacy system
• Review and approve bank reconciliations produced by the BPO vendor
• Review and authorize disbursement requests.
• Assist the BPO team in researching issues.
• Conduct other duties as assigned.
• You may also be required to take on additional duties, responsibilities and activities appropriate to the nature of this role.

About You

We encourage you to bring your own experience and expertise to the table, so while there are some qualifications and experiences, we need you to have, we are open to discussing how your individual knowledge might lend itself to fulfilling this role and help us achieve our goals.

What you need to have

• Bachelor's degree in Accounting or Finance or equivalent work experience.
• Minimum of 5 years P&C insurance industry experience
• Demonstrated knowledge and understanding of related automated financial systems.
• Demonstration of strong software skills including Excel, Access, and Outlook.

What we prefer you to have

• Excellent communication, analytical and proven problem-solving skills with a commitment to meeting daily, weekly, and monthly deadlines.
• Hands-on manager that will dive into details
• Detail oriented, deadline driven, organized, able to handle multiple tasks while working independently or as part of a team.
• Highly motivated and dedicated to contributing to the growth and success of the company.
• Problem solver - identification, analysis, recommend, implement.
• Ability to prioritize and learn quickly.
• BPO management experience or equivalent work experience

Role Factors

• Be in the office 3 days per week - with the exception of the last week of the month for month-end
• Be flexible during month-end with higher work demands

What we offer

For this position, we currently expect to offer a base salary in the range of $95,000 to $115,000. Your salary offer will be based on an assessment of a variety of factors including your specific experience and work location.

In addition, you will be offered competitive target incentive compensation, with awards based on overall corporate and individual performance.

On top of this, you will be eligible for a comprehensive and competitive benefits package which includes medical plans for you and your family, health and wellness programs, retirement plans, tuition reimbursement, paid vacation, and much more.

Where this role is based in the United States of America, this role is Exempt for FLSA purposes.

This posting is for an existing vacancy.

Rewarding. Challenging. Meaningful.

We are shaping the direction of Insurance and Reinsurance during a critical and exciting time for the industry. Whether you are a student approaching graduation or a seasoned professional looking for a new environment, AXIS has the right challenges and career opportunities for you.

At AXIS, we value each individual and recognize that attracting and retaining the right people is essential to the success of our company.

We offer a comprehensive and competitive benefits package which includes medical plans for employees and their families, health and wellness programs, retirement plans, tuition reimbursement, paid vacation, and much more.