Director of Reinsurance

MSIG USA continues to grow!

Company Overview :

MSIG USA is the US-based subsidiary of MS&AD Insurance Group Holdings, Inc., one of the world's top P&C carriers and a global Class 15 insurer, with A+ ratings and a reach that spans 40+ countries and regions. Leveraging our 350-year heritage, MSIG USA brings the financial strength, expertise, and global footprint to offer commercial insurance solutions that address your business's unique risks.

The Director of Ceded Reinsurance is responsible for overseeing all accounting, reporting, and control activities related to ceded and assumed reinsurance. This role ensures accurate and timely financial reporting, compliance with statutory and GAAP / IFRS requirements, and effective management of reinsurance recoverables, premiums, and settlements. The position partners closely with Finance, Reinsurance Operations, Underwriting, and external reinsurers to support strategic decision-making and maintain a strong internal control environment.

Key Responsibilities

• Direct end-to-end reinsurance operational processes, including contract setup, system configuration, cash application and claims reporting.
• Manage data flows between internal systems and ensure accuracy of all inbound / outbound reporting to reinsurers and brokers.
• Drive automation, standardization and process optimization across the reinsurance function.
• Oversee timely collection of recoverables and remittance of ceded premiums to reinsurers.
• Lead the accounting, reporting, and reconciliation of all ceded and assumed reinsurance transactions.
• Ensure the accuracy of reinsurance balances, including premiums, losses, commissions, and recoverables.
• Oversee month-end and quarter-end close processes related to reinsurance, including journal entries, account reconciliations, and variance analysis.
• Maintain robust internal controls and compliance with company policies, accounting standards, and regulatory requirements.
• Review reinsurance contracts and treaties to ensure appropriate accounting treatment and documentation.
• Partner with Actuarial, Underwriting, and Reinsurance teams to validate data, manage cash flows, and monitor recoverability.
• Support the preparation of financial statements, management reports, and regulatory filings.
• Lead or participate in system enhancements, automation, and process improvement initiatives.
• Manage relationships with external auditors, reinsurers, and other stakeholders.
• Supervise and develop staff within the reinsurance accounting team.

Qualifications

Base Salary - 200-225K

It's an exciting time for our company and a great opportunity to join a financially sound and growing global insurance group!

It is the policy of MSIG USA to provide equal employment opportunity (EEO) to all persons regardless of age, color, national origin, citizenship status, physical or mental disability, race, religion, creed, gender, sex, sexual orientation, gender identity and / or expression, genetic information, marital status, status with regard to public assistance, veteran status, or any other characteristic protected by federal, state or local law. In addition, MSIG USA will provide reasonable accommodations for qualified individuals with disabilities.