Intermediate Accountant - Reinsurance

Overview

This role is responsible for timely and accurate recording of reinsurance transactions, preparation and review of reconciliations, financial statements, and various management reports. The position also supports settlement statement preparation, including follow-up with external clients to resolve items as needed.

Responsibilities

• Prepare accounting and reporting for reinsurance, including:
  • Review of reinsurance billings and premium trends
  • Preparation of periodic settlement reports
  • Distribution of reporting packages to external reinsurers
• Prepare journal entries and post to accounting systems; research and clear suspense items in a timely manner
• Prepare monthly direct and ceded claims reconciliations from TPAs to the general ledger and data warehouse
• Assist with Claims and Actuarial quarterly to determine outstanding accruals and coordinate with reserve releases
• Perform data queries on claim, premium, and expense data
• Work in conjunction with review of exception reports and details in suspense
• Develop commentary and explanations for submission to management for quarterly Management Reporting Package and other ad hoc requests (external and internal)
• Ensure adherence to the organization’s internal controls framework
• Prepare regulatory schedules at year-end (Schedule S, EX1, EX8, Schedule T, and other supplemental schedules pertaining to reinsurance)
• Assist with client inquiries and support client audits, including internal and external audits, along with other ad hoc requests

Requirements

• Bachelor’s degree or equivalent experience in an Accounting/Finance related discipline
• Proficient PC literacy and ability to support data mining exercises and spreadsheet automation; knowledge of TAI is desirable
• Proven understanding of reinsurance administration or ability to comprehend
• Strong organizational skills with a high level of attention to detail
• Demonstrated persistence and ability to deliver results under pressure
• Excellent interpersonal and verbal communication skills, plus proofreading skills
• Proficient in Microsoft Office
• Flexible self-starter with ability to prioritize tasks, follow through, and meet deadlines
• Ability to work independently with minimal supervision

Physical Demands

• Normal office working environment; full time with some flexibility
• Occasional evening and weekend hours to meet deadlines
• Occasional travel required
• Ability to type and perform data entry
• Ability to read from a computer screen and paper reports
• Ability to express ideas and communicate with the spoken word

Compensation & Benefits

• Not specified in the provided job description.

Location

• Not specified in the provided job description.