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Description

Aon is looking for an Acounting Advocate Your impact as an Accounting Advocate Professionally and efficiently service premium and pro rata activity on behalf of ceding companies and reinsurers. Act as a liaison by interacting with and providing assistance to external clients and reinsurers. Provide assistance to internal clients, as well. RESPONSIBILITIES: Communicate with clients, accounting teams, sales team, and other operating units to resolve issues, answer questions, and provide assistance. Act as liaison between the client and Aon regarding accounting issues. Verify contract terms and accounting structure in GRiDS, as entered by the Sales team. Ensure all necessary information is included; Verify information complies with terms and conditions of applicable treaties; Request additional information, as needed; Finalize contracts, schedule revenue, and transmit applicable premium documents within established timeframes, i.e. invoice/PANs or FDO. Request deposit premium and term adjustments from ceding companies in accordance with contract terms including LORs debiting instructions (for Lloyds clients). Request and monitor ceding company cash for it to be settled within contract terms. Request and monitor receipt of premium and proportional reports for revenue to be recognized within established timeframes. Resolve reporting discrepancies with client. Collect Cash Loss Advances (CLA) in accordance with contract terms. Review electronic files regularly and maintain accurate and updated electronic files. Prepare/Review sliding scale commissions, profit commissions, and retrospective premium adjustments in accordance with contract terms and transmit for client’s approval. Monitor compliance with terms of trade and premium payment warranties and liaise with sales teams as required. Collect reinsurer and London bureau open balances to ensure payment to the ceding company on a timely basis Review funds available report each day and assist cash team as needed to disburse ceding company funds. Monitor Forex to assure the correct currency equivalent settled by the client is settled with the bureau. Review accounting journals regularly to ensure settlement of ceding company and reinsurer balances. Research and reconcile accounting information using various systems and resources. Assist clients to comply with state insurance regulations. Gather information to carry out the year-end unauthorized reinsurer funding/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. Research and provide documentation for regular SOx reviews, in accordance with SOx procedures. Oversee accuracy of Advance Groups, Roles for clients in Contact Management System, and Special Handling for Roles and Banking Details for clients and reinsurers. Work with senior team members to identify and offer solutions to problems and disputes. Research and liaise with clients and reinsurers as questions arise. Communicate with Sales team about significant developments, especially regarding reporting issues, problem markets, transactional audits, major/unusual losses, adjustments, and collection issues. Review internal statistical data. Other duties, as needed. REQUIRED SKILLS AND EXPERIENCE: Two-year post-secondary degree or equivalent experience required, but four-year university preferred, specifically in Finance, Accounting, or Math 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 Ability to work independently and efficiently We offer you A competitive total rewards package, continuing education & training, and tremendous potential with a growing worldwide organization. Our Colleague Experience: From helping clients gain access to capital after natural disasters, to creating access to health care and retirement for millions, Aon colleagues empower results for our clients, communities, and each other every day. They make a difference, work with the best, own their potential, and value one another. This is the Aon Colleague Experience, defining what it means to work at Aon and realizing our vision of empowering human and economic possibility. To learn more visit Aon Colleague Experience. About Aon: Aon plc (NYSE:AON) is a leading global professional services firm providing a broad range of risk, retirement and health solutions. Our 50,000 colleagues in 120 countries empower results for clients by using proprietary data and analytics to deliver insights that reduce volatility and improve performance. By applying for a position with Aon, you understand that, should you be made an offer, it will be contingent on your undergoing and successfully completing a background check consistent with Aon's employment policies. Background checks may include some or all of the following based on the nature of the position: SSN/SIN validation, education verification, employment verification, and criminal check, search against global sanctions and government watch lists, fingerprint verification, credit check, and/or drug test. You will be notified during the hiring process which checks are required by the position. Aon is committed to a diverse workforce as an Employment Equity employer (Women, People with Disabilities, Aboriginal Peoples, and Visible Minorities). DISCLAIMER: Nothing in this job description restricts management's right to assign or reassign duties and responsibilities to this job at any time. 2490322
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Requirements

Level of education

undetermined

Diploma

In progress

Work experience (years)

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Written languages

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Spoken languages

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