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● Resolving banking queries; ● Administering letters of credit; ● Reviewing cash books and bank reconciliations prepared by
account administrators; ● Coordinating account administration work; ● Ensuring all expenses and reimbursements are within the
company’s operating guidelines; ● Collecting premium amounts due; ● Preparing analysis for IRS audits; ● Liaising with investment managers; ● Arranging bond purchases and sales; ● Preparing and submitting business plan amendments to the
regulators ISSUING Renewal binders and
certificates; ● Auditing or maintaining underwriting files; ● Auditing claim files for compliance; While independent
accounting companies, and ON-LINE software programs like Quick Books
and Peachtree offer bookkeeping services very reasonably, initially this
process will be coordinated by the program administrator’s office. Accounting Administration duties should include: ● Reconciling cash books with Bank statements; ● Resolving un-reconciled items; ● Checking cession statements and invoices; ● Arranging necessary authorities for payment of all bills; ● Preparing journals; ● Preparing supporting schedules for accounts; ● Providing monthly accounting statements and reports.
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