Role Title: Collateral Reconciliation Analyst
ECLARO: A quick Summary
ECLARO is an award-winning professional services firm headquartered in New York City and operating in the U.S., Canada, UK, Ireland, Australia and the Philippines. We are dedicated to a singular purpose: providing the Right People to meet every client's needs and solve business challenges through strategic staffing, permanent placement, custom outsourcing & offshoring. Utilizing our proprietary TRINIT-E® Service Maturity Model, we help clients implement programs to promote innovation, automation and process improvement.
About the Role:
We are looking for a highly motivated and detail-oriented Collateral Reconciliation Analyst to join our growing collateralized reinsurance operations team. This is a newly created role reporting directly to the SVP and will be instrumental in supporting trust and cash management activities. This role is best suited for someone who thrives in a fast-paced environment, enjoys variety in their work, and has ambitions to grow and take on more responsibilities. Strong communication and Excel skills are essential, along with a proactive, self-starting mindset.
Key Responsibilities:
Daily Bank Account Reconciliation
• Set up and maintain daily reconciliations using reports from client accounts; track activity such as premium payments, loss payments, interest sweeps, and collateral transactions.
Cash Book Management
• Maintain and categorize daily transactions in a cash book per investment vehicle, ensuring alignment with current account balances. Provide timely data to Finance/Accounting for SICS booking.
Uninvested Account Monitoring
• Identify and escalate any idle or uninvested cash balances; coordinate with banking partners to resolve issues.
Collateral Reporting
• Prepare and distribute weekly and month-end reports detailing trust account balances, investment yield, and collateral levels.
Accounts Receivable Oversight
• Monitor premium deposits and deliver bi-weekly reports on delinquent accounts.
Contract Data Capture
• Review reinsurance contracts to extract and input collateral-related terms into proprietary internal systems.
Stakeholder Communication
• Work closely with the SVP, as well as legal, compliance, banking partners, and intermediaries. Strong written and verbal communication is essential.
What You Bring
Required Experience & Skills:
• 2–5 years in roles such as: collateral reconciliation, cash/treasury operations, portfolio administration, reinsurance or insurance accounting, or AP/AR
• Strong experience with daily reconciliation processes and familiarity with bank reporting tools
• Advanced Excel skills (pivot tables, lookups, formulas)
• Exceptional attention to detail and organizational skills
• Excellent communication and interpersonal skills—verbal, written, and presentation
• Self-starter attitude with the ability to manage daily deliverables independently
Nice to Have:
• Background in reinsurance or insurance operations
• Familiarity with trust account structures or collateralized agreements
• Experience using internal financial or booking systems (e.g., SICS or similar)
• Exposure to database tools or SQL (queries, extracts)
• Experience interacting with banking portals and treasury systems
ECLARO: A quick Summary
ECLARO is an award-winning professional services firm headquartered in New York City and operating in the U.S., Canada, UK, Ireland, Australia and the Philippines. We are dedicated to a singular purpose: providing the Right People to meet every client's needs and solve business challenges through strategic staffing, permanent placement, custom outsourcing & offshoring. Utilizing our proprietary TRINIT-E® Service Maturity Model, we help clients implement programs to promote innovation, automation and process improvement.
About the Role:
We are looking for a highly motivated and detail-oriented Collateral Reconciliation Analyst to join our growing collateralized reinsurance operations team. This is a newly created role reporting directly to the SVP and will be instrumental in supporting trust and cash management activities. This role is best suited for someone who thrives in a fast-paced environment, enjoys variety in their work, and has ambitions to grow and take on more responsibilities. Strong communication and Excel skills are essential, along with a proactive, self-starting mindset.
Key Responsibilities:
Daily Bank Account Reconciliation
• Set up and maintain daily reconciliations using reports from client accounts; track activity such as premium payments, loss payments, interest sweeps, and collateral transactions.
Cash Book Management
• Maintain and categorize daily transactions in a cash book per investment vehicle, ensuring alignment with current account balances. Provide timely data to Finance/Accounting for SICS booking.
Uninvested Account Monitoring
• Identify and escalate any idle or uninvested cash balances; coordinate with banking partners to resolve issues.
Collateral Reporting
• Prepare and distribute weekly and month-end reports detailing trust account balances, investment yield, and collateral levels.
Accounts Receivable Oversight
• Monitor premium deposits and deliver bi-weekly reports on delinquent accounts.
Contract Data Capture
• Review reinsurance contracts to extract and input collateral-related terms into proprietary internal systems.
Stakeholder Communication
• Work closely with the SVP, as well as legal, compliance, banking partners, and intermediaries. Strong written and verbal communication is essential.
What You Bring
Required Experience & Skills:
• 2–5 years in roles such as: collateral reconciliation, cash/treasury operations, portfolio administration, reinsurance or insurance accounting, or AP/AR
• Strong experience with daily reconciliation processes and familiarity with bank reporting tools
• Advanced Excel skills (pivot tables, lookups, formulas)
• Exceptional attention to detail and organizational skills
• Excellent communication and interpersonal skills—verbal, written, and presentation
• Self-starter attitude with the ability to manage daily deliverables independently
Nice to Have:
• Background in reinsurance or insurance operations
• Familiarity with trust account structures or collateralized agreements
• Experience using internal financial or booking systems (e.g., SICS or similar)
• Exposure to database tools or SQL (queries, extracts)
• Experience interacting with banking portals and treasury systems
Apply Now
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