• Job Description

  Req#: JR2502590

  About the role:

  The Administration Operations Lead oversees the financial administration of premium bookings and payments, provides cash management, billing and collections oversight. Managing a team, they oversee the month end closing process, system enhancements, and provide audit support. They play a key role in managing relationships with external stakeholders and business functions.

  
  Responsibilities:

  • Support business partners and stakeholders, serve as the liaison between the Business, Finance, Collections, Reinsurance, Treasury, Actuary, Claims and IT. Address ad hoc questions, queries and issues that arise as it pertains to premium bookings, outstanding payments and collections, month-end processing, system enhancements

  • Oversee the administration of premium bookings including daily transactional coding, premium feed uploaded, reconciliations, and reinsurance bookings. Manage premium feed maintenance and troubleshoot booking errors

  • Provide cash management and collections oversight. Review active accounts for delinquency reporting and non-payment cancellations, receivables and Stand-Alone Cash. Partner with Collections so that cash received is correctly applied

  • Supervise and manage the Shared Services and onshore team. Provide ongoing oversight of service delivery, address team queries and escalations; provide guidance, training and support to team members

  • Oversee the month- end closing process. Review premium pipeline projections, estimates and post accruals; work closely with Finance to enhance the accuracy of P&L reporting (Actuals vs Budgets), financial reporting and reconciliations

  • Manage policy administration system enhancements as well as involvement in testing and release management. Working with the business and IT, oversee new products and programs set up, configurations and changes to the policy admin system templates

  • Point contact and control owner for audit support - Internal Audit, PWC, SOX testing

  • Deliver standard operating procedures and controls documentation connected to Premium Administration and Operations processes, and maintain SharePoint/ team workspaces

  Job Requirements:

  • 3+ years of experience in financial administration or similar role
  • 1+ year of experience managing a team preferred
  • Accounting and Finance knowledge in the Insurance industry preferred
  • Pro-active with issue identification and resolution
  • Must be detail-oriented and thorough with the ability to meet deadlines
  • Knowledge on system data flows, mapping and configuration enhancements
  • Excellent communication and staff management skills
  • Proficiency with Microsoft Office suite, Intermediate to Advanced Excel Skills
  • Bachelor’s degree preferred or equivalent experience.

  For roles based in NJ, the base salary range for this position is $72,000 - $85,000 and the position is eligible for a bonus in accordance with the terms of the applicable incentive plan. In addition, we’re proud to offer a range of competitive benefits, a summary of which can be viewed here: US Benefits Overview .

  #LI-CY1

  At AIG, we value in-person collaboration as a vital part of our culture, which is why we ask our team members to be primarily in the office. This approach helps us work together effectively and create a supportive, connected environment for our team and clients alike.

  Enjoy benefits that take care of what matters

  At AIG, our people are our greatest asset. We know how important it is to protect and invest in what’s most important to you. That is why we created our Total Rewards Program, a comprehensive benefits package that extends beyond time spent at work to offer benefits focused on your health, wellbeing and financial security—as well as your professional development—to bring peace of mind to you and your family.

  Reimagining insurance to make a bigger difference to the world

  American International Group, Inc. (AIG) is a global leader in commercial and personal insurance solutions; we are one of the world’s most far-reaching property casualty networks. It is an exciting time to join us — across our operations, we are thinking in new and innovative ways to deliver ever-better solutions to our customers. At AIG, you can go further to support individuals, businesses, and communities, helping them to manage risk, respond to times of uncertainty and discover new potential. We invest in our largest asset, our people, through continuous learning and development, in a culture that celebrates everyone for who they are and what they want to become.

  Welcome to a culture of inclusion

  We’re committed to creating a culture that truly respects and celebrates each other’s talents, backgrounds, cultures, opinions and goals. We foster a culture of inclusion and belonging through learning, cultural awareness activities and Employee Resource Groups (ERGs). With global chapters, ERGs are a cornerstone for our culture of inclusion. The talent of our people is one of AIG’s greatest assets, and we are honored that our drive for positive change has been recognized by numerous recent awards and accreditations.

  AIG provides equal opportunity to all qualified individuals regardless of race, color, religion, age, gender, gender expression, national origin, veteran status, disability or any other legally protected categories.

  AIG is committed to working with and providing reasonable accommodations to job applicants and employees with disabilities. If you believe you need a reasonable accommodation, please send an email to candidatecare@aig.com.

  AIG reserves the right to conduct a criminal background check, tailored to the requirements of a job, after a conditional employment offer is made. Unless otherwise required by law, AIG does not automatically exclude any applicant with a criminal conviction for a job or class or jobs. For more information about Philadelphia law specifically, copy and paste the following link within your browser: http://www.phila.gov/HumanRelations/PDF/BTB POSTER FINAL_3-9-16.pdf

  Functional Area:

  OP - Operations

  National Union Fire Insurance Company of Pittsburgh, Pa.

• About the company

  We're a leading global insurance organization with operations in more than 80 countries and jurisdictions. We provide a wide range of property casualty insurance, life insurance, retirement solutions, and other financial services to support our clients in business and in life through our General Insurance, Life & Retirement and Investments business units. What unites us across all of these offerings is our commitment to helping individuals, businesses and communities prepare for and respond to times of uncertainty. Whether serving those facing natural disasters or millions of Americans striving for a financially secure retirement, we have the specialist expertise to help clients better manage risk.

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