Credit Controller

7650 Edinborough Way, Minneapolis, MN 55435, USA

Job Description

Posted Thursday, August 22, 2024 at 6:00 AM

About BMS

BMS 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 payments
• Confer with Finance regarding cash coding and receipts; assist with reconciliations
• Enter/Authorize new Bank Instructions from reinsurance partners
• Trouble-shoot Wire/Payment issues with Banks
• Prepare and render client/reinsurer statements for collection/settlement of account due
• Create payment requests in conjunction with the balance agreed upon by client/reinsurer
• Coordinate with team members to ensure claims/premiums are rendered on the statements correctly
• Communicate with reinsurers and London bureau account handlers to ensure timely settlement of funds
• Maintain records according to departmental standards

Required 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 major
• Experience reconciling client and reinsurance accounts
• Ability to undertake tasks and responsibilities on multi-company ledger accounts
• Ability to see the big picture with excellent attention to detail
• Ability to manage time, prioritize and work to deadlines; adept at multi-tasking with strong organizational skills
• Highly collaborative personality with ability to maintain positive client relationships; flexible to meet the needs and demands of a fast-paced work environment
• Ability 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 levels
• Ability to make good decisions using independent judgment
• Ability to learn quickly and effectively incorporate new concepts and practices; flexible and open to change
• Microsoft Excel, Word and Outlook experience

Willingness to attend classes, trainings and conferences to learn new skills

What’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 dependents
• Vision, short-and long-term disability and life insurance options
• 401(k) with company match
• Employer funded health saving accounts
• Identity theft and legal services
• Fitness and wellness reimbursement
• Generous leave policies, including parental leave
• Paid holidays, volunteer days and your birthday off!
• Opportunity to purchase equity

The 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 Practices

BMS 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.