Funding Specialist - Program Management

Clear Blue Insurance Services Puerto Rico LLC•Charlotte, NC

11d

About The Position

The Funding Specialist plays a critical role in the financial operations of fronted insurance programs, managing claims funding, premium flows, and settlements between the fronting carrier, MGA, reinsurers, and other third-party administrators. This role demands a strong understanding of delegated authority structures, cash flow processes, and the financial dynamics of fronted programs. The ideal candidate brings 5–7 years of experience in insurance finance with a focus on claims distributions and premium reconciliation in MGA-fronted arrangements.

Requirements

Bachelor’s degree in finance, Accounting, Insurance, or a related field.
5–7 years of experience in insurance program operations or finance, with strong exposure to fronting arrangements and MGA partnerships.
Deep understanding of insurance program mechanics, including bordereaux processing, TPA/MGA workflows, and premium/claims allocation.
Proficient in Excel and financial software.
Highly detail-oriented with a strong analytical mindset and ability to manage competing priorities.
Excellent communication and collaboration skills with the ability to interface effectively with both internal teams and external partners.
Working knowledge of regulatory and contractual funding requirements, including trust and collateralized accounts.

Nice To Haves

Experience working with fronting carriers and MGA/TPA ecosystems in commercial lines or E&S markets.
Familiarity with reinsurance flows within fronted programs (optional but beneficial).
Industry certifications such as AIAF, ARe, CPCU, or CPA are a plus.
Experience with bordereaux platforms or program administration tools (e.g., Insurity, Origami, VIPR, or custom-built solutions).

Responsibilities

Coordinate and manage funding activities between fronting carriers, MGAs, reinsurers, and TPAs to support claims payments and premium settlements.
Process and track bordereaux submissions to ensure timely and accurate funding of claims.
Prepare and validate funding requests based on claims bordereaux, underwriting performance, and contractual obligations.
Reconcile cash flows related to premium collections, claims disbursements, and fees (e.g., fronting fees, ceding commissions, MGA fees).
Maintain detailed documentation of all funding activity in accordance with internal audit, compliance, and contractual requirements.
Monitor escrow and trust account balances to ensure sufficiency for current and future program obligations.
Collaborate closely with program managers, finance, claims, legal, and compliance teams to ensure end-to-end funding accuracy.
Act as a liaison between internal departments and external partners (MGAs, TPAs, reinsurers, auditors).
Support month-end and quarterly close processes including reporting on funding activity and account reconciliations.
Recommend enhancements to existing processes and tools to drive greater accuracy, speed, and transparency.