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Accounting Analyst - Job Details

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Accounting Analyst - (Ref: 33142)
Sector, Sub Sector: Other
Compliance Type: Regulatory/Compliance
Expertise: -
Company: AON
Location: Chicago , Illinois Americas, United States
Employment Type: Permanent
Job Description:

Aon is a global leader in risk management, insurance and reinsurance brokerage, human capital and management consulting, and outsourcing with more than 60,000 employees in 500 offices in more than 120 countries. We integrate customized services, leverage expertise across industries and apply business knowledge to our clients' strategic goals. Aon helps clients anticipate how change intersects with opportunity. Each of our clients has unique business needs, so we have developed expertise for a complete range of business processes, products and industries. Aon’s account and relationship managers form a comprehensive perspective of our clients’ organizations, matching our expertise to their business strategy.

 

 

Title:    Accounting Analyst                                                         

POSITION OVERVIEW:  Professionally and efficiently service reinsurance accounting activity on behalf of ceding companies and reinsurers.  Act as a liaison by interacting with and provide assistance to external clients and reinsurers.  Provide assistance to internal clients, as well.

 

RESPONSIBILITIES:

  • Participate in verifying contract terms and accounting structure as entered by the Sales team in the computer system
  • Review assigned accounting documentation
    • Ensure all necessary information is included
    • Verify information complies with terms and conditions of applicable treaties
    • Request additional information, as needed
  • If assigned:
    • Process premium and accounts within established timeframes
    • Prepare periodic reports, term adjustments, sliding scale commissions, profit commissions, and retrospective premium adjustments for client’s approval or completion in accordance with contract terms
    • Collect CLA’s in accordance with contract terms
    • Process and monitor cash in a timely manner
  • Maintain historic and electronic files
  • Research and reconcile accounting information using various systems and resources
  • Assist clients to comply with state insurance regulations
  • Gather information to carry out the Letter of Credit (LOC) process
    • Collect LOC’s from unauthorized reinsurers
    • Evaluate LOC and supporting documentation for accuracy and compliance
    • Review and transmit documentation to clients
  • Work with other teams in obtaining year-end funding
  • Follow up with collections to ensure payment to the client on a timely basis
  • Provide assistance to sales team by participating in RFP’s and similar activities
  • Work with senior team members to identify and offer solutions to problems and disputes
  • Review internal statistical data
  • Compile data; organize and schedule Client Services meetings
  • Other duties, as needed

 

REQUIRED SKILLS AND EXPERIENCE:

  • Bachelor’s degree (BA/BS) in Finance, Accounting, Math or similar degree from a four-year college or equivalent experience
  • Successful completion of Aon Benfield’s technical training program or equivalent
  • Working knowledge of MS Office suite of products
  • Excellent interpersonal and communication skills (both oral and written)
  • Ability to think strategically and analytically
  • Strong attention to detail
  • Professional demeanor
  • Ability to work independently and efficiently
Job Ref No: 33142