NA Programs Cash and Collections Lead

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

Benefits offered by this job

Medical plans

Health and wellness programs

Retirement plans

Tuition reimbursement

Paid vacation

Job summary

AXIS Capital, based in Red Bank, NJ, seeks a Lead Manager for the North America Programs/MGA Cash and Receivable team to oversee premium accounting, cash allocations, and related reconciliations. You will coordinate with internal teams and brokers to resolve issues and ensure timely collections, while upholding strict controls and process standards.

The role offers a base salary of $95,000 to $115,000, with incentive opportunities and a broad benefits package including medical, retirement,

Qualifications

• 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.

Responsibilities

• Lead the North America Insurance Premium Accounting team and guide on cash allocations and premium receivables.
• Ensure follow-up on premium receivables and cash variances; escalate as needed.
• Research and resolve outstanding issues with internal departments and external brokers.
• Communicate with brokers and Axis internal customers on past due premium receivables.
• Review overdue receivables report and resolve discrepancies with partners.
• Track cash receipts in the premium accounting system daily with the BPO vendor.
• Perform 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.

Skills

P&C insurance experience

Financial systems knowledge

Education

Bachelor's degree in Accounting or Finance

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:

In this role, you will typically be required to:

• 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.