About ETS:
ETS is a global education and talent solutions organization enabling lifelong learners worldwide to be future-ready. For more than 75 years, we've been advancing the science of measurement to build benchmarks for fair and valid skill assessment across cultures and borders. Our worldwide impact extends through our renowned assessments including TOEFL®, TOEIC®, GRE® and Praxis® tests, serving millions of learners in more than 200 countries and territories. Through strategic acquisitions, we've expanded our global capabilities: PSI strengthens our workforce assessment solutions, while Edusoft, Kira Talent, Pipplet, Vericant, and Wheebox enhance our educational technology and assessment platforms across critical markets worldwide.
Through ETS Research Institute and ETS Solutions, we're partnering with educational institutions, governments, and organizations globally to promote skill proficiency, empower upward mobility, and unlock opportunities for everyone, everywhere. With offices and partners across Asia, Europe, the Middle East, Africa, and the Americas, we deliver nearly 50 million tests annually. Join us in our journey of measuring progress to power human progress worldwide.
Job Description:
Risk & Disbursement Analyst (Corporate Insurance) will be responsible for the Corporate Risk Insurance administration and Disbursements. The Risk & Disbursement Analyst will report to the Risk & Disbursement Manager.
The primary responsibilities will include:
Insurance renewals application an administration and reporting. Working with business departments to compile, apply, provide certificates of insurance, and surety bonds. Processing disbursements and bank related notices for resolution. Providing variance analysis, reconciliation, budget information and preparing journal entries and payment requests. Escheatment and department contingency plans.
Risk Insurance
- Responsible for gathering information for the annual renewals of all company-wide insurance programs and assisting with the applications.
- Update and develop schedules of insurance and premium comparisons for management.
- Responsible for supporting business units in facilitating the production of accurate certificates of insurance
- Responsible for supporting business units in obtaining surety bonds
- Prepare and submit requisitions to support risk insurance programs and develop and maintain schedules for the budget which includes variance reconciliations.
- Prepare annual comparisons of retention changes and premium changes and provide report to management on all renewal changes and Board Meetings.
- Responsible for reconciling prepaid insurance analysis to ensure that collections and payments of premiums are up to date
- Prepare journal entries for all Risk Insurance programs and update the budget forecast and identify and explain variances.
Disbursements:
- Responsible for processing. uploading and approval all payment files (ex. Weekly A/P, Site, Certify, Honoraria, and others) to third party financial institutions ensuring accuracy and timeliness of payment processing.
- Responsible for Site Payment vendor approvals and requests received from third parties ensuring compliance.
- Responsible for bank related support of Payments which include Positive Pay Payee, compliance requests for information, supporting subsidiary transactions, working with Accounts Payable & Supplier Management to notify on NOC's/payment returns and investigations.
- Ensure that regulatory requirements(compliance) and controls are being followed.
- Assist Honoraria Dept with inquiries.
- Prepare and process Escheatment for all disbursements reporting to all states within compliance.
- Assist with the Travel Reimbursement compliance and controls and payment processing.
- Develop Travel spend and metric analytics on errors/exceptions and processed expensed reports.
Treasury Department related responsibilities:
- Assist Manager with the Treasury Department Disaster & Contingency plans.
- Assist Manager and back up other department staff on processes and responsibilities.
- Participate in project implementations supporting the Treasury organization.
- Prepare monthly Treasury department metric reports for management.
- Suggests areas for improvement to internal processes including ensuring there are Quality Controls and use of technology for automating processes.
REQUIRED SKILLS
- Experience with handling multiple tasks at a time.
- Must be detail oriented.
- Ability to work independently and organize workload with minimal direct supervision.
- Excellent oral and written communication skills, along with the ability to communicate and negotiate with a variety of internal and external constituencies.
- Strong planning, organizational, decision-making, interpersonal, and analytical skills.
- Good interpersonal and communication skills and the ability to work effectively as a team member.
- Experience with MS Office products, proficient in Excel using and formulating macros and data bases, PeopleSoft a plus.
- Must be a self-starter who works well with moderate guidance and continually seeks new opportunity for positive change.
- Mandatory to work company holidays or company closings that are not banking holidays as required.
- Knowledge of Payment Processing & Risk Insurance
Required Experience:
- Bachelor's degree in commerce.
- Must have 2+ years of experience in Corporate Insurance
- Minimum 1-3 years preferably in a large, complex/diverse corporate environment
- 2+ years minimum experience in Treasury /Financial /Risk corporate Insurance background
