Senior Specialist - Financial Operations
Honolulu, HI 
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Posted 11 days ago
Job Description
Senior Specialist - Financial Operations
Job Locations US-HI-HONOLULU
Job ID 2024-3604 Category Finance Type Regular Division Surplus & Specialty
Crum & Forster Company Overview

Crum & Forster (C&F) with a proud history dating to 1822, provides specialty and standard commercial lines insurance products through our admitted and surplus lines insurance companies. C&F enjoys a financial strength rating of "A" (Excellent) by AM Best and is proud of our superior customer service platform. Our claims and risk engineering services are recognized as among the best in the industry.

Our most valuable asset is our people: more than 2000 employees in locations throughout the United States. The company is increasingly winning recognition as a great place to work, earning several workplace and wellness awards, including the October 2022 Great Place to Work Award for our employee-first focus and our steadfast commitment to diversity, equity and Inclusion.

C&F is part of Fairfax Financial Holdings, a global, billion dollar organization. For more information about Crum & Forster, please visit our website: www.cfins.com.

Job Description

The primary responsibility of a Financial Operations Sr. Specialist is to ensure that all assigned premium receivables are collected in accordance with established policies and procedures in an efficient and timely manner while providing outstanding customer service to all external and internal customers. The Sr. Specialist reconciles the monthly bank reconciliation and the Unassigned Cash. The Sr. Specialist has proven experience and handles more large and complex accounts in addition to demonstrating analytical and forward-thinking skills to further the department.

What you will do for C&F:

Reconciliations

    Completion of monthly reconciliation of bank statements the next business day after month-end closing.
  • Research/reconciliation of Unassigned Cash

Premium Collections

  • Responsible for collection and follow up on payment for assigned premium receivables.
  • Review accounts receivable aging and other monthly reports to ensure compliance, and accurate and timely collections.
  • Research billing disputes, reconcile accounts, provide payment history as needed and respond to customer inquiries within 24 hours.
  • Submit requests to correct misapplied cash, writeoffs and premium disbursements.
  • Determine reasons for non-pay situations and resolve discrepancies with producer or insured.
  • Collaborate with Premium Audit team on non-productive audits and/or the audit revision process.
  • Send follow-up inquiries on non-responsive accounts and timely referral of accounts to the Legal Collections team.
  • Perform review of quarterly Statutory Aging to identify discrepancies within 5 days of month end.
  • Respond to insured, agent and broker inquiries related to billing or account maintenance.
  • Communicate any customer service issues to Manager.
  • Responsible for large, complex producer and direct accounts
  • Take lead on specific projects or duties as assigned by Manager
  • Perform analytical review and contribute to monthly department metric displays
  • Mentor Associate and Specialist roles
  • Collaborate with Digital, Robotics and IT teams on development and testing of new functionality
  • Assists manager with updating and documenting workflow processes and changes.

What you will bring to C&F:

  • Minimum of five years accounts receivable and general accounting experience.
  • Knowledge of accounts receivable and general accounting principles.
  • Property & Casualty experience preferred.
  • Proven ability and aptitude with the Microsoft Office suite of programs (Word, Excel and Outlook).
  • Excellent verbal and written communications skills as well as above average math skills.
  • Ability to work in a fast paced environment and prioritize workload.
  • Demonstrates attention to detail.
  • Experience in providing excellent customer service both internally and externally.
  • Associates degree preferred but not required.
  • Will abide by departmental policies and procedures, including authority levels, to comply with C&F's risk management controls.

Crum & Forster is committed to ensuring a workplace free from discriminatory pay disparities and complying with applicable pay equity laws. Salary ranges are available for all positions at this location, taking into account roles with a comparable level of responsibility and impact in the relevant labor market and these salary ranges are regularly reviewed and adjusted in accordance with prevailing market conditions. The annualized base pay for the advertised position, located in the specified area, ranges from a minimum of $41,900.00 to a maximum of $69,800.00. The actual compensation is determined by various factors, including but not limited to the market pay for the jobs at each level, the responsibilities and skills required for each job, and the employee's contribution (performance) in that role. To be considered within market range, a salary is at or above the minimum of the range. You may also have the opportunity to participate in discretionary equity (stock) based compensation and/or performance-based variable pay programs.

#LI-AV1

What C&F will bring to you

Competitive compensation package

Generous 401K employer match

Employee Stock Purchase plan with employer matching

Generous Paid Time Off

Excellent benefits that go beyond health, dental & vision. Our programs are focused on your whole family's wellness, including your physical, mental and financial wellbeing

A core C&F tenet is owning your career development, so we provide a wealth of ways for you to keep learning, including tuition reimbursement, industry-related certifications and professional training to keep you progressing on your chosen path

A dynamic, ambitious, fun and exciting work environment

We believe you do well by doing good and want to encourage a spirit of social and community responsibility, matching donation program, volunteer opportunities, and an employee-driven corporate giving program that lets you participate and support your community.

At C&F you will BELONG

We value inclusivity and diversity. We are committed to equal employment opportunity and welcome everyone regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, citizenship, marital status, disability, gender identity, or Veteran status. If you require special accommodation, please let us know.

 

Job Summary
Start Date
As soon as possible
Employment Term and Type
Regular, Full Time
Required Experience
5+ years
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