Full-Time Reinsurance Accountant

Shift: Night Shift

The Reinsurance Accountant will assume primary responsibility for all aspects of accounting for assigned reinsurance contracts.

Job Responsibilities:

• Maintain the accuracy of premium information on reinsurance contracts including endorsements, premium adjustments and cash allocations
• Maintain all aspects of reinsurance contracts including bordereau reporting, claim payments and cash allocations
• Monitor aging of accounts receivable
• Monthly bordereaux reconciliation and data integrity checks
• Prepare monthly/quarterly working papers for journal entries to record activities for the accounting close process
• Review and analysis of cash receipts, payments and applications
• Prepare monthly/quarterly reinsurance account reconciliations to ensure accuracy of the general ledger
• Assist in the preparation of reinsurance cession statements, US GAAP and Statutory reports, regulatory filings, and audits
• Track deliverables and ensures compliance with prescribed due dates
• Other projects and/or tasks as assigned

Required Skills/Experience:

• Strong attention to detail
• Strong organizational and time management skills
• The ability to communicate effectively with individuals
• Strong work ethic and the ability to take initiative to work without supervision
• Technical knowledge of reinsurance terms, contracts, and cash settlement practices
• Ability to use initiative and self-manage to resolve issues independently
• Strong computer skills, in particular, proficiency in Microsoft Office suite of applications, primarily Excel
• Ability to grasp new concepts, systems and applications quickly and efficiently

Desired Skills/Experience:

• The ability to read and understand reinsurance contracts
• Experience in the insurance or reinsurance industry
• Financial reporting experience within a SOX and SEC regulated environment
• CPA highly preferred
• Bachelor's degree in Finance, Accounting, or related field

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