Collateral Reconciliation Analyst

Starr Insurance Companies is a leading insurance and investment organization, providing commercial property and casualty insurance, including travel and accident coverage, to almost every imaginable business and industry in virtually every part of the world.

Cornelius Vander Starr established his first insurance company in Shanghai, China in 1919. Today, we are one of the world’s fastest growing insurance organizations, capable of writing in 128 countries on 6 continents.

Describe the duties and responsibilities of the position:

Job Description

• Perform and maintain monthly reconciliations of approximately $1B+ in cash and trust collateral and $1.4B+ in letters of credit, ensuring accuracy and compliance with internal controls.
• Manage the monthly closing process for exposure and collateral reporting, ensuring completeness and accuracy of data across multiple systems.
• Identify and resolve reconciliation variances, including timing differences and data discrepancies across internal and external sources.
• Prepare and maintain audit-ready documentation for internal, external, and regulatory reviews.
• Collaborate with Treasury, Accounting, and Underwriting teams to ensure accurate posting and reporting of collateral movements and cash settlements.
• Assist in monitoring credit exposures, collateral adequacy, and concentration limits across large corporate accounts.
• Support the implementation of process improvements, automation initiatives, and data integrity enhancements within credit operations.

Qualifications & Requirements

• Bachelor’s degree in Finance, Accounting, Economics, or a related field.
• 3–5 years of experience in financial operations, credit risk, or treasury within the insurance or financial services industry.
• Strong understanding of cash management, reconciliations, and collateral structures.
• Advanced proficiency in Microsoft Excel (vlookups, pivot tables, reconciliations, data analysis).
• Experience with ERP or Treasury systems (e.g., Workday, SAP, Oracle) preferred.
• High attention to detail, accuracy, and strong organizational skills to meet tight reporting deadlines.
• Effective communication and collaboration skills

For individuals assigned and/or hired to work in New York, Starr Insurance Companies is required by law to include a reasonable estimate of the compensation range for this role. The wage range for this role takes into account the wide range of factors that are considered in making compensation decisions including but not limited to skill sets: experience and training: licensure and certifications: and other business and organizational needs. A reasonable estimate of the current range is $100,000 - $130,000.

Starr is an equal opportunity employer, which means we'll consider all suitably qualified applicants regardless of gender identity or expression, ethnic origin, nationality, religion or beliefs, age, sexual orientation, disability status or any other protected characteristic. We recruit and develop our people based on merit and we're committed to creating an inclusive environment for all employees. We offer first class training and development opportunities to all employees. Our aim is to grow our own talent and bring out the best in people.