Cash Allocation Analyst

PRO IS, Inc. currently has an exciting Cash Allocation Analyst position available within our Reinsurance Accounting Team. This role would suit highly motivated, energetic candidates who are looking for a great opportunity.    

The Cash Allocation Analyst will support our clients with their cash management responsibilities.  This employment position is expected to last at least thru year end, with the potential for extension on this or other projects after that.   The position comes with insurance, 401k, and time off benefits.  This is a remote position however candidates must be able to work in the client’s office in midtown NYC on an as needed basis in the future.  

Main Responsibilities

• Data extraction and consolidation
• Manage cash receipts, post and allocate cash with appropriate balances
• Cash collection, allocation and reconciliation
• Treaty and Facultative Cash Management activities
• Maintain Accounts Receivables and Payables
• Account Reconciliation
• Assist ceded accountants in creation of payments and disbursement preparation with supporting documentation for review/submission to the cash team.
• Assist ceded accountants in creation of treaty balance sheet roll-forwards; data pulls from system and bank statement consolidation.
• Clear offsets
• Follow up with clients to clarify queries and obtain missing information
• Support with month/quarter-end close activities and reporting and ad hoc projects

Desirable Skills and Experience

• Bachelor’s degree or equivalent combination of education and work experience, paired with 1-2 years’ work experience
• Reinsurance/Insurance experience preferred
• Cash management experience, at an insurer or reinsurer, is a plus
• Reconciliation knowledge
• Analytical skills, exceptional attention to detail and highly organized
• Advanced Excel skills required
• Proficient in Power Point and Word; experience with SAP FS-CD and SQL a plus
• Strong team player and communicator, both written and verbal
• Understand the clients’ needs and proactively look for ways to meet them

Pro IS, Inc. is a subsidiary of Pro Global Insurance Solutions (www.pro-global.com).   Pro is a global service provider and consulting company focused solely on the insurance and reinsurance industries. We are based in financial centers around the world so we can provide our clients with cost efficient, round-the clock-services. Our insurance and reinsurance professionals work on projects in a variety of specialties such as re/insurance technical accounting, claims management, actuarial support, audits, project and change management, process improvements, and run-off portfolio management.   

If you have the skills mentioned above and are looking to join a growing team, please submit your resume and the recruitment team will be in touch.

Pro is an Equal Opportunity Employer.