Funding Specialist - Program Management

Clear Blue Insurance Services Puerto Rico LLC•Charlotte, NC

About The Position

The Funding Specialist plays a critical role in the financial operations of fronted insurance programs. The role manages claims funding, premium flows, and settlements between fronting carriers, MGAs, reinsurers, and other third-party administrators. It requires an understanding of delegated authority structures, cash flow processes, and the financial dynamics of fronted programs. The ideal candidate has 5–7 years of experience in insurance finance, particularly 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 and claims allocation.
Proficiency in Excel and financial software.
Strong attention to detail and analytical skills, with the ability to manage competing priorities.
Excellent communication and collaboration skills, including the ability to work effectively with 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.
Industry certifications such as AIAF, ARe, CPCU, or CPA.
Experience with bordereaux platforms or program administration tools such as 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, including fronting fees, ceding commissions, and MGA fees.
Maintain detailed documentation of 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 with program management, finance, claims, legal, and compliance teams to ensure end-to-end funding accuracy.
Liaise between internal departments and external partners, including MGAs, TPAs, reinsurers, and auditors.
Support month-end and quarterly close processes, including reporting on funding activity and account reconciliations.
Recommend enhancements to processes and tools to improve accuracy, speed, and transparency.