Collateral Reconciliation Analyst

Starr Insurance • New York, NY

1d • $100,000 - $130,000

About The Position

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. 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.

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).
• High attention to detail, accuracy, and strong organizational skills to meet tight reporting deadlines.
• Effective communication and collaboration skills

Nice To Haves

• Experience with ERP or Treasury systems (e.g., Workday, SAP, Oracle) preferred.

Responsibilities

• 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.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level