Accounting Operations Specialist

RenaissanceRe

RenaissanceRe is a leading writer of Property & Casualty Reinsurance. For over 25 years, we have helped customers and communities recover and build resilience through our industry-leading ability to understand risk, source efficient capital and rapidly pay claims.

Our global team shares a passion for solving our customers' biggest problems through a collaborative and entrepreneurial culture that empowers employees and rewards creative thinking.

About RenaissanceRe

For over three decades, RenaissanceRe has helped its clients manage the risks of operating in a volatile and uncertain world. We're experts in Property, Casualty, Specialty, and Credit reinsurance, consistently recognized for the innovative way we combine data, experience and technology to understand and manage large and complex risks across the world. We are also a business with a real social purpose - we help protect communities around the globe and enable prosperity for all. Our purpose drives us forward every day as we seek solutions to some of the world's most complicated challenges.

About the Position

Reporting to the VP, Manager Accounting Operations, the Specialist will be responsible for supporting the Global Operations team and providing oversight to processes and controls within the team. They will partner and work closely with Reinsurance Accounting to support financial reporting requirements and to define, implement and execute global processes and SOX controls. Additionally, they will have a key role in developing and scoping out a growing function within our global Operations and Finance area.

This role participates in projects to enhance the efficiency and effectiveness of processes and reporting requirements in an increasingly complex environment, including leading smaller projects or work streams within larger projects. The Specialist will have close interaction across multiple areas of the business including the Reinsurance Finance, Finance, Claims, Reserving and Underwriting teams to add value across related areas.

Principal Accountabilities :

• Work with relevant partners to ensure accuracy of transactions and financial reporting.
• Help prepare and review detailed analysis and monthly / quarterly reconciliations, including reconciliation of the reinsurance accounting system and underwriting system.
• Communicate with internal and external auditors.
• Ensure proper and timely execution of SOX 404 compliance activities.
• Assist with technical analysis of reinsurance contracts and ensure accurate representation in reinsurance accounting platform, SICS.
• Participate in on-going refinement / improvements of operations and financial accounting processes including management financial reporting enhancements and other initiatives as required.
• Assist with monthly close of the reinsurance systems and other corporate close processes.
• Oversight of quota share bordereaux reporting including actual vs. expected analyses and review of EPIs.
• Liaise with and provide support to the Operations, Underwriting, Reserving, Claims and Finance teams as needed.
• Support IT teams with information system enhancement and user acceptance testing.
• Management of bound deals in the underwriting system, workflow creation and management to ensure all deals exported to SICS.
• Oversight of reconciliations between the underwriting system and SICS to ensure accuracy and completeness of data captured in SICS.
• Support for booking complex transactions (PC, Commissions, Portfolio Transfers, Swing Rates, Funds Held, AP's, NCB, etc.).

Qualifications :

Leadership Competencies & Values :

We believe that meeting these requirements will position you for success in the role. However, if you fulfill most but not all of the expectations, we still encourage you to apply, as we are eager to explore your potential and believe in the ability to grow and learn.

At RenaissanceRe, we believe in creating a workplace culture that fosters diversity, equity, and inclusion throughout our business. We have a zero-tolerance policy for harassment and discrimination and take proactive steps to make employees feel valued and empowered to contribute to our collective success. It is RenaissanceRe's policy to ensure equal employment opportunity without discrimination or harassment based on race, color, religion, sex (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity or expression, age, disability, national origin, marital or domestic / civil partnership status, genetic information, citizenship status, uniformed service member or veteran status, or any other characteristic protected by law.

The full-time base salary range for this position is $100,000 - $120,000 per year; base salary offered may vary based on job-related knowledge, skills, and experience. The position is eligible for bonus and a comprehensive benefits package. This information is provided per the New York City Human Rights Law and applies only to positions in New York City.

Our People

Our people are our most valuable resource and core to our success. This is a fast-paced business environment, demanding a strong work ethic and a results-oriented approach. We offer competitive compensation and benefits, a comprehensive talent development program, and a reward system in which employees share in the success of the company. We are an engaged member of the communities in which we live and work and have a locally-led giving philosophy with generous employee matching program, global and local community grants and employee volunteerism.

Diversity, Equity, and Inclusion

We seek diversity, create equity, and practice inclusion. Our people are at the heart of everything we do. We are an equal opportunity employer. We provide equal opportunity to all qualified individuals regardless of race, color, religion, national origin, sex, sexual orientation, gender identity, marital status, pregnancy, disability, military status or other legally protected categories.