Carrier Payable Analyst

Overview

NSM Insurance Group is a global specialty insurance provider with more than $1.6 billion in premium across 25+ specialty insurance programs and brands around the world. Named a Philadelphia Inquirer Top Workplace based on employee feedback, the company has been exclusively focused on building successful insurance programs since 1990 and continually seeks new opportunities to grow and expand through strategic mergers and acquisitions.

Relationships are paramount at NSM because we know that's what drives mutual, long-term success. We maintain an entrepreneurial spirit and startup mindset within an established organization that continues to redefine what specialty insurance means and how it impacts everyday lives. Employees are given endless opportunities to expand their interests and skillsets, push breakthrough ideas and take risks. Our open, supportive environment gives employees the confidence to take ownership of their work as if the business was their own.

At NSM, we Build Success every day for our people, carrier partners, agents and insureds - because we know our success is built on yours.

The Carrier Payables Analyst is primarily responsible for the management, improvement, and timely payment of multiple company payable processes.

In this position, the Carrier Payables Analyst will manage the relationship with NSM's internal and external partners to ensure that all paperwork and banking information has been received, process invoices, generate payable files, obtain necessary approvals, record balances in Workday (general ledger system), and process the cash disbursements. This role requires experience manipulating and reporting upon data from Excel-based models. In addition, the Carrier Payable Analyst is responsible for preparing journal entries and account reconciliations. (This is a hybrid position, 3 days onsite at the Conshohocken, PA Home Office).

Responsibilities

• Collect, manipulate, and report upon carrier invoicing activity using a complex Excel-based model.

• Manage invoice processing for specific carrier partners for specific lines of business.

• Make daily, weekly, monthly payments as needed, entering wires and ACHs into multiple bank accounts.

• Work with internal business partners and external carrier partners to ensure accounts are in good standing.

• Resolve ad hoc inquiries from business partners, carriers, and other members of the finance and accounting team regarding carrier payables.

• Prepare bank to subledger reconciliations.

• Prepare monthly journal entries.

• Participate in project related work in collaboration with members of the accounting & finance team.

• Identify and implement opportunities for continuous process improvement.

Qualifications

• Bachelor's degree in Accounting/Finance/Business Analytics, preferred.

• Workday Financial experience, preferred.

• Advanced level Microsoft Excel skills - Pivot Tables, Macros, etc.

• Experience/background manipulating and analyzing data sets from different sources.

• Insurance industry experience a plus.

• Well-developed organizational skills with the ability to multi-task and prioritize responsibilities.

• Ability to meet tight deadlines and work on a cross-functional team.

• Strong organizational skills, with attention to detail, accuracy, and accountability.

• Flexibility, passion, and drive in making functions/processes more efficient.

• Ability to build strong working relationships with operational and financial personnel.