BMS
Credit Controller
BMS, Minneapolis, Minnesota, United States, 55400
7650 Edinborough Way, Minneapolis, MN 55435, USAJob Description
Posted Thursday, August 22, 2024 at 6:00 AMAbout BMSBMS Group is a dynamic, independent global broker established in 1980, delivering specialist insurance, reinsurance, and capital markets advisory services. Our purpose is to help people, businesses and communities flourish and prosper in a world of risk.As a global brand with offices located across the US, Canada, Latin America, Australia, Europe and Asia, BMS Group maintains a strong local focus and understanding of market needs. Being independent gives our brokers the freedom to deliver the best solutions and combined with our collaborative team approach, single platform worldwide and renowned personal service, we are the independent broker of choice.This position will work for BMS Re, the specialist reinsurance arm of BMS Group. BMS Re is reshaping reinsurance by aligning interests with our clients and enhancing their success with advice and delivery models that service their unique needs. BMS Re has a proven ability to execute in reinsurance and capital markets worldwide.Position Overview :Assist department with fiduciary cash management. Reconcile designated ledger accounts. Assist Manager with strategy development and problem solving.Post and allocate client/reinsurer cash receipts and paymentsConfer with Finance regarding cash coding and receipts; assist with reconciliationsEnter/Authorize new Bank Instructions from reinsurance partnersTrouble-shoot Wire/Payment issues with BanksPrepare and render client/reinsurer statements for collection/settlement of account dueCreate payment requests in conjunction with the balance agreed upon by client/reinsurerCoordinate with team members to ensure claims/premiums are rendered on the statements correctlyCommunicate with reinsurers and London bureau account handlers to ensure timely settlement of fundsMaintain records according to departmental standardsRequired Education, Experience and Skills :Bachelor’s degree (B.A./B.S.) from a four-year college or university or equivalent preferably in Accounting, Finance, Math, Economics or other similarly quantitative or analytically oriented majorExperience reconciling client and reinsurance accountsAbility to undertake tasks and responsibilities on multi-company ledger accountsAbility to see the big picture with excellent attention to detailAbility to manage time, prioritize and work to deadlines; adept at multi-tasking with strong organizational skillsHighly collaborative personality with ability to maintain positive client relationships; flexible to meet the needs and demands of a fast-paced work environmentAbility to effectively communicate and interact with internal and external clients and vendors through both verbal and written means with excellent listening ability. Relates well to people at all levelsAbility to make good decisions using independent judgmentAbility to learn quickly and effectively incorporate new concepts and practices; flexible and open to changeMicrosoft Excel, Word and Outlook experienceWillingness to attend classes, trainings and conferences to learn new skillsWhat’s in it for me?This role offers a competitive salary and exceptional benefits, including the following offerings:Comprehensive medical and dental plan options for you and your dependentsVision, short-and long-term disability and life insurance options401(k) with company matchEmployer funded health saving accountsIdentity theft and legal servicesFitness and wellness reimbursementGenerous leave policies, including parental leavePaid holidays, volunteer days and your birthday off!Opportunity to purchase equityThe annual base salary range provided for this position is a nationwide marker range and represents a broad range of salaries for this role across the country. The actual salary advanced to the desired candidate will be based on a number of factors, including geographic location and the skills, education, training, credentials, and experience of the desired candidate.Employment PracticesBMS is an Equal Opportunity Employer. Through our Diversity, Equity and Inclusion (DEI) vision, we are committed to ‘building a culture of belonging for all, valuing diverse perspectives and embracing authenticity.’ As such, we have created our ‘BMS Together’ program, with dedicated training, collaborative committees and intentional partnerships.BMS offers flexible and hybrid working policies and we’re happy to discuss options with you upon application. Please let our team know if you require any adjustments to support you through the application process.
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Posted Thursday, August 22, 2024 at 6:00 AMAbout BMSBMS Group is a dynamic, independent global broker established in 1980, delivering specialist insurance, reinsurance, and capital markets advisory services. Our purpose is to help people, businesses and communities flourish and prosper in a world of risk.As a global brand with offices located across the US, Canada, Latin America, Australia, Europe and Asia, BMS Group maintains a strong local focus and understanding of market needs. Being independent gives our brokers the freedom to deliver the best solutions and combined with our collaborative team approach, single platform worldwide and renowned personal service, we are the independent broker of choice.This position will work for BMS Re, the specialist reinsurance arm of BMS Group. BMS Re is reshaping reinsurance by aligning interests with our clients and enhancing their success with advice and delivery models that service their unique needs. BMS Re has a proven ability to execute in reinsurance and capital markets worldwide.Position Overview :Assist department with fiduciary cash management. Reconcile designated ledger accounts. Assist Manager with strategy development and problem solving.Post and allocate client/reinsurer cash receipts and paymentsConfer with Finance regarding cash coding and receipts; assist with reconciliationsEnter/Authorize new Bank Instructions from reinsurance partnersTrouble-shoot Wire/Payment issues with BanksPrepare and render client/reinsurer statements for collection/settlement of account dueCreate payment requests in conjunction with the balance agreed upon by client/reinsurerCoordinate with team members to ensure claims/premiums are rendered on the statements correctlyCommunicate with reinsurers and London bureau account handlers to ensure timely settlement of fundsMaintain records according to departmental standardsRequired Education, Experience and Skills :Bachelor’s degree (B.A./B.S.) from a four-year college or university or equivalent preferably in Accounting, Finance, Math, Economics or other similarly quantitative or analytically oriented majorExperience reconciling client and reinsurance accountsAbility to undertake tasks and responsibilities on multi-company ledger accountsAbility to see the big picture with excellent attention to detailAbility to manage time, prioritize and work to deadlines; adept at multi-tasking with strong organizational skillsHighly collaborative personality with ability to maintain positive client relationships; flexible to meet the needs and demands of a fast-paced work environmentAbility to effectively communicate and interact with internal and external clients and vendors through both verbal and written means with excellent listening ability. Relates well to people at all levelsAbility to make good decisions using independent judgmentAbility to learn quickly and effectively incorporate new concepts and practices; flexible and open to changeMicrosoft Excel, Word and Outlook experienceWillingness to attend classes, trainings and conferences to learn new skillsWhat’s in it for me?This role offers a competitive salary and exceptional benefits, including the following offerings:Comprehensive medical and dental plan options for you and your dependentsVision, short-and long-term disability and life insurance options401(k) with company matchEmployer funded health saving accountsIdentity theft and legal servicesFitness and wellness reimbursementGenerous leave policies, including parental leavePaid holidays, volunteer days and your birthday off!Opportunity to purchase equityThe annual base salary range provided for this position is a nationwide marker range and represents a broad range of salaries for this role across the country. The actual salary advanced to the desired candidate will be based on a number of factors, including geographic location and the skills, education, training, credentials, and experience of the desired candidate.Employment PracticesBMS is an Equal Opportunity Employer. Through our Diversity, Equity and Inclusion (DEI) vision, we are committed to ‘building a culture of belonging for all, valuing diverse perspectives and embracing authenticity.’ As such, we have created our ‘BMS Together’ program, with dedicated training, collaborative committees and intentional partnerships.BMS offers flexible and hybrid working policies and we’re happy to discuss options with you upon application. Please let our team know if you require any adjustments to support you through the application process.
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