Cash Collections & Credit Control Team Lead Cash Collections & Credit Control Team Lead …

Perennial Resources International
in White Plains, NY, United States
Permanent, Full time
Last application, 17 Mar 20
$80K+ Bonus
Perennial Resources International
in White Plains, NY, United States
Permanent, Full time
Last application, 17 Mar 20
$80K+ Bonus
Top insurance firm seeks a Lead for their Cash, Collections & Credit Control Team. Insurance industry is a must.

We are seeking a Cash Collections & Credit Control Team Lead for our Purchase, NY office. The Cash Collections & Credit Control Team Lead is responsible for booking and allocating cash in the sub-ledger system of record and assist with maintaining the Cashbook Bank Reconciliations. The Cash Collections & Credit Control Team Lead will also assist with Aged Debt reporting by contacting our brokers for collection of past due premiums as well as any ad-hoc project requests. The Cash Collections & Credit Control Team Lead will report into the Collections & Disbursements Insurance Manager and will interact with both internal and external clients.


Responsibilities include:

· Oversee the Cash Collections & Credit Control team by directing assigned tasks and aiding the team

· Ensures timely payments and receipts of broker invoices regarding insurance contracts

· Maintain Sub-ledger to Bank Reconciliation files

· Develop strong relationships with Brokers to facilitate timely and accurate cash receipts & disbursements

· Develop strong relationships with our internal Underwriting Units to ensure quality service

· Follow up with brokers regarding overdue balances to reduce Accounts Receivables

· Achieve qualitative and granular understanding of accounts and reported balances

· Support development, maintenance and distribution of concise and accurate reporting of balances

· Work with our Third Party Collection Agency to submit, track, and report trends regarding policies placed with the Agency

· Provide Information for all EY Audit Requests, premium confirmation letters and support for all requested balances

· Ability to work on and resolve complex problems, and partner with Claims, IT, Accounting, Underwriting and Operations departments when necessary

· Troubleshoot data reconciliation and variance issues with operations, and resolving unallocated cash issues

· Proactive and outside of the box thinking when resolving issues

· Experience calculating profit commissions preferred

· Strong Analytical ability, and detail oriented with the ability to work on high volume of daily transactions

· Support the bank reconciliation process and intercompany transfer process

· Ad-hoc project requests


Desired Skills & Experience

· 5+ years of Accounts Receivable and Cash Accounting experience

  • 1-3 years P& C Insurance Industry experience preferred

· 1-3 years in a supervisory capacity is required

  • Bachelor’s degree in Accounting or Business Administration required
  • Must have proficiency with Microsoft Office Suite, Expert Level Excel Skills Required (Pivot Tables, V-Lookups, etc.)
  • CD/SAP experience preferred
  • Basic understanding of accounting procedures, internal and external reporting and variance analysis
  • Excellent verbal and written communication skills
  • Detailed oriented, organized, and strong problem solver with Analytical abilities and have a high level of accuracy
  • Ability to work in a fast paced, high volume team environment with rapidly changing priorities and demands
  • Desired personal qualities include: energetic, resourceful, hardworking, self-motivated, highly organized and able to prioritize and be proactive

· Agile minded- must have ability to multi-task and build business partnerships with corporate departments; Team player a must!