Job Description
Job Description
The Insurance Cash Operations Manager is a highly visible member of the Accounting Department reporting to the Chief Accounting Officer, who will also have exposure to the President and CEO as well as top management at the Company. The Insurance Cash Operations Manager is responsible for overseeing the daily management of cash flow, banking operations, and reconciliation processes for 3 insurance companies. This role ensures accurate and efficient handling of premiums, claims payments, and other financial transactions while maintaining compliance with regulatory requirements. The manager will lead a team of 13, optimize processes, and collaborate with internal and external stakeholders to drive operational excellence in cash management.
DUTIES & RESPONSIBILITIES :
Team Leadership :
- Supervise and develop a team of cash operations professionals, providing coaching and performance feedback
- Assign responsibilities and monitor team performance to ensure deadlines and quality standards are met.
- Foster a culture of accountability, collaboration, and continuous improvement within the team
Cash Flow Management :
Monitor and manage daily cash inflows and outflows to ensure operational excellenceOversee premium collections, claims disbursements, and other financial transactions, ensuring accuracy and timelinessPrepare cash flow forecasts and analyze variances to optimize cash utilizationBanking Operations :
Manage relationships with banks and financial institutions, ensuring efficient banking services and compliance with agreementsOversee the setup and maintenance of accounts for premium collections, claims payments, and other transactionsEnsure the accuracy and security of wire transfers, ACH transactions, and other payment methodsReconciliation :
Oversee the reconciliation of bank accounts, cash balances, and financial transactions to ensure accuracy and resolve discrepancies promptlyImplement and enforce internal controls to safeguard cash assets and ensure compliance with company policiesCollaborate with the accounting department to ensure alignment of cash operations with financial reportingData Management and Systems
Collaborate with stakeholders to understand business needs, goals, and challengesCollaborate with stakeholders during solution design and development phases to ensure requirements are metGather, document, and validate detailed business and functional requirements for projects.Assist in planning, scheduling, and managing business analysis activities for projectsCoordinate with project managers, developers, and other team members to ensure successful project executionTrack and report progress on business analysis deliverablesCoordinate and lead testing activities, including user acceptance testing (UAT), and validate that solutions meet business needsProcess Improvement :
Identify inefficiencies in cash management processes and implement improvements to enhance accuracy, speed, and cost-effectivenessLeverage technology and automation tools to streamline workflows and improve reporting capabilities.Stay updated on industry best practices and emerging trends in cash operations and treasury managementCompliance and Risk Management :
Ensure all cash operations comply with regulatory requirements, company policies, and audit standardsMonitor and mitigate risks related to cash handling, fraud, and payment processingPrepare documentation and support audits related to cash operationsReporting and Analysis :
Provide regular reports on transaction volumes and operational metrics to senior managementConduct ad-hoc analyses to support decision-making and strategic initiativesCollaborate with underwriting, and claims teams to ensure alignment with overall business goalsQUALIFICATIONS REQUIRED :
Bachelor's degree in Finance, Accounting, Business Administration, or a related field (MBA or CPA preferred)5 years of experience in cash management, treasury operations, or related financial roles, preferably in the insurance industryExcellent leadership and team management skills, with a proven track record of driving resultsStrong problem-solving and analytical abilities, with attention to detailEffective communication and interpersonal skills to collaborate with internal and external stakeholders.Strong knowledge of banking systems, and reconciliation processesProficiency in ExcelKnowledge of regulatory requirements and compliance standards for financial transactions in the insurance industryWhy Join Us?
Impactful Role : Drive the financial efficiency and operational excellence of a leading insurance organization, while leading a dynamic teamGrowth Opportunities : Operating in 17 states, annualized growth rates of 25-30% and projected revenue of $400 - $500 Million in 2025Collaborative Culture : Work in a supportive environment that values innovation, accountability, and professional growthWarrior Insurance Network (WIN) provides a competitive benefits package to all full- time employees. Following are some of the perks Warrior Insurance Network (WIN) employees receive :
Competitive SalariesCommitment to your Training & DevelopmentMedical and DentalShort Term Disability / Long Term DisabilityLife InsuranceFlexible Spending AccountTelemedicine Benefit401k with a generous company matchPaid Time Off and Paid HolidaysTuition Reimbursement Training ProgramsWellness ProgramFun company sponsored eventsAnd so much more!Estimated Compensation Range : $75,000 / year-$156,250 / year
Published ranges are estimates. Offered compensation will be based on experience, skills, education, certifications, and geographic location. In addition, starting salary may vary by position depending on whether the position is in-office, hybrid or remote.Job Posted by ApplicantPro
Salary : $75,000 - $156,250
