Senior Reinsurance Accountant

Senior Reinsurance Accountant

The Senior Reinsurance Accountant is responsible for overseeing the end-to-end operational and accounting processes related to assumed and ceded treaties assigned from the reinsurance portfolio. This role ensures the integrity of financial data, supports strategic reinsurance initiatives, and manages his / her timely processing of assigned reinsurance transactions. The ideal candidate will bring deep technical knowledge of assumed and ceded reinsurance and strong leadership capabilities, with a mindset for continuous improvement.

Responsibilities include :

• Review, understand and interpret complex reinsurance treaties, ensure adherence to contractual terms and regulatory requirements.
• Accurate and timely recording of assumed and ceded premium, losses and related transactions.
• Oversee automated cash applications and manually apply cash transactions as well as the reconciliation of receivables and payables.
• Prepare ceded bordereau for distribution.
• Maintain reporting and settlement in conjunction with the terms of the contract.
• Manage premium receivable aging and follow up with the broker for late reporting, overdue payments and contract related discrepancies.
• Assist in calculations of adjustable features, including contingent and sliding scale commissions, including verification to related reinsurance contract.
• Preparation of STAT reporting for consolidation, including Schedule F
• Support Financial Reporting for general ledger inquiries related to reconciliations & balance sheet analysis.
• Handle all inquiries for assigned accounts.
• Assist in transformation, project change and implementation.
• Support ad hoc activities and projects.

Qualifications :

Additional Company Details :

We do not accept any unsolicited resumes from external recruiting firms. The company offers a competitive compensation plan and robust benefits package for full time regular employees. The actual salary for this position will be determined by a number of factors, including the scope, complexity and location of the role; the skills, education, training, credentials and experience of the candidate; and other conditions of employment. Benefits : Health, Dental, Vision, Life, Disability, Wellness, Paid Time Off, 401(k) and Profit-Sharing plans. This company is an equal opportunity employer.

Sponsorship not Offered for this Role