Accounts Payable Specialist at Ambac
Reviewing and processing payment requests, expense reimbursements via ACH, Wire, and check processing.
Set up new vendors into payment system to ensure payments are made in a timely manner.
Assist with 1099 processing
Ensure all authorized signatories, general leder accounts and departement codes are properly used.
Monitor payments to prevent duplicate payments
Process all premium, fees, recovery payments via internal database system.
Perform daily reconciliation of proper fund allocations processed into bank accounts, general ledger and system database.
Confirm and distribute monthly billable premiums, consent fees, and legal deal reimbrusements.
Work with internal and outsourced auditors requests regarding Account Receivables process.
Persue aggresively outstanding premiums with trustees and external parties for collection purposes.
Collaborate with the internal departments such as Surveillance Managers and Legal Counsel on outstanding premiums and fees.
Coordinate with Technology Group system enhancements and new projects on database system process.
Reported directly to the Chief Accounting Officer
Coordinated meetings, maintained calendar, set up travel arrangements
Provide support to a group of 49 Financial Analyst
Worked on special projects for different groups
Assisted on the budget forecasting
Processed expense reimbursements
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