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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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