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Amynta Group

Warranty and specialty risk underwriters

Financial Operations Manager

Accounts Payable/ReceivableConfirmed live in the last 24 hours
Full-timeNew York, NY, USANo salary listedIn-person

About the Job

Requirements

  • Finance or accounting background demonstrated by 10 or more years in the property and casualty industry.
  • Strong property and casualty product insurance and/or reinsurance experience from a carrier or managing general agent/managing general underwriter environment is preferred.
  • Experience with business performance management disciplines, business process improvement, balanced business scorecards, or key performance indicator reporting.
  • Ability to establish effective working relationships across the business.
  • Experience as a people manager and strong management skills, including managing others’ targets and workloads.
  • Ability to communicate complex concepts with expert and non-expert colleagues.
  • Flexible approach to work and ability to use initiative while handling multiple ongoing projects.
  • Ability to prioritize workload and manage time effectively to complete work for self and team in a timely manner.
  • Ability to learn internal systems, tools, and models efficiently and lead process improvement, internal controls, and compliance efforts.
  • CPA or an advanced finance or accounting degree is preferred.

Responsibilities

  • Manage assigned areas of financial operations, including technical accounting, disbursements, credit control, and controls.
  • Liaise with finance managers and colleagues on process optimization, and assist with financial control design, execution, and implementation.
  • Manage written premium booked to the profit and loss statement and premium-signed balance-sheet bordereaux processed for capacity partners, ensuring reporting accuracy for analysis and trends.
  • Manage offshore and onshore teams responsible for creating premium invoices and matching cash applied to open invoices in the underwriting system.
  • Prepare flux-analysis explanations for material transactional profit and loss and balance-sheet items.
  • Coordinate with operations, underwriting, and claims departments to resolve premium-related billing and collection discrepancies.
  • Review aged receivable items on the balance sheet monthly and provide the review to management.
  • Ensure finance, legal, and corporate operations optimally support the financial reporting process in a well-controlled and efficient manner.
  • Assist in developing and implementing the credit control area, leveraging existing technology and skills and maintaining proactive relationships with product teams, brokers, and internal colleagues.
  • Oversee assigned staff and review and control credit-control reporting, accounts-receivable aging, and unapplied cash; oversee and assist with necessary reporting, communication, and follow-up with product teams.
  • Collaborate with the COO and operations team to develop or refine operational reporting on premium, claims, reinsurance products, delegated authority, and related operational information, including support for new programs, projects, and structures.
  • Provide oversight of technical accounting in reinsurance accounting and credit control, insurance credit control, delegated authority operations, and claims operations, including funding requirements.
  • Assist claims operations with claims payments and related systems; work with staff to ensure appropriate controls are efficient, effective, and documented in accordance with local and company requirements.
  • Work with financial controls teams to align controls and ensure appropriate governance.
  • Undertake ad hoc work and strategic projects as required, challenging the business and framing insightful outputs.
  • Assist with recruiting new team members alongside Human Resources and financial leadership.
  • Lead and motivate team members, providing support and guidance for their development.
  • Perform other duties reasonably required for the post and department.

Desired Qualifications

  • CPA or an advanced finance or accounting degree.
  • Strong property and casualty product insurance and/or reinsurance experience from a carrier or managing general agent/managing general underwriter environment.

About the Company

Amynta Group

Warranty and specialty risk underwriters

Amynta Group coordinates warranty and service contracts for automotive, consumer products, and specialty equipment, and administers niche workers’ compensation and contractor liability coverage in the US and Canada through multiple carrier partners. Its products are implemented by underwriting with carriers and administering programs via a network of MGAs, service providers, and risk specialists, covering design, underwriting, administration, and claims management. The company differentiates itself with a broad, multi-carrier platform and deep, industry-focused expertise across a wide administrative network. Its goal is to help clients manage post-sale risk and regulatory compliance by delivering reliable warranty, service contracts, and niche insurance programs through a distributed partner ecosystem.

Company size
201-500
Company stage
Not listed
Total funding
Not listed
Headquarters
New York City, New York
Founded
2018

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