Funding Specialist - Program Management

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Full Time Professional NC - CHARLOTTE

3 days ago Requisition

Position Summary:

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.

Key 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.

Qualifications:

• 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.

Preferred Qualifications:

• 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).