Assistant Manager - Post Merger Integration

Job Description:

As TM of transactional Accounting Integration, you will lead seamless transition of transactional accounting functions related to banking, cash application, special handling, payables, premium billing, and direct bill commission processing.

Key Responsibilities Include:

1) Integration Planning and Strategy: Develop comprehensive integration plans for transactional accounting functions aligned with the company's strategic objectives and operational requirements. Collaborate with cross-functional teams to define integration milestones, timelines, and resource requirements.

2) Financial Impact Assessment: Conduct a thorough financial analysis to assess the impact of integration activities on banking, cash application, special handling, premium billing, and commission billing processes.

3) Special Handling: Manage the integration of special handling of all cash applications, direct bill commission posting, and premium or broker commission payables, ensuring compliance with the Corporate Finance Policy and industry standards. Implement robust controls and reporting mechanisms to monitor the movement of funds and mitigate fraud risk.

4) Cash Application and Reconciliation: Lead the integration of cash application processes. Document special handling and ensure the AR team is well-versed. Where possible, develop automated cash reconciliation procedures to enhance efficiency and accuracy, minimizing discrepancies and reducing manual intervention.

5) Payables Management for Premium, Commissions, and Claims: Streamline payables management processes for premium payments, commissions, and claims settlements, optimizing vendor relationships and payment terms.

6) Premium Billing and Direct Bill Commission Billing: Oversee the integration of premium billing and direct bill commission billing processes, ensuring accuracy and timeliness in invoicing and commission payments. Collaborate with insurance carriers and brokers to reconcile premium accounts and commission statements, resolve discrepancies, and ensure compliance with contractual agreements.

7) Stakeholder Engagement and Communication