Reinsurance Accountant II

Overview

A financial services organization is seeking a Reinsurance Accountant II to support reinsurance activities and accounting processes. This role involves detailed documentation, adherence to treaty provisions, and collaboration with various internal teams to ensure compliance and accurate financial reporting.

Location and Work Arrangement

• Location: Georgia, US
• Work Designation: Hybrid or remote depending on proximity to offices in Columbus, GA or Columbia, SC
  • Hybrid: Expected to work in-office at least 60% of the week if within 50 miles of the offices
  • Remote: Work from home within the continental US if more than 50 miles away, with occasional office visits as needed

Salary Range

$65,000 - $85,000 annually

Responsibilities

• Perform treaty and accounting requirements related to reinsurance activities
• Collaborate with Financial Shared Services and subject matter experts to document reinsurance activities
• Develop and maintain a centralized inventory of active reinsurance treaties and provisions
• Document how reinsurance activities are reflected in accounting and reporting systems under US GAAP and Statutory bases, ensuring compliance with Sarbanes-Oxley (SOX) 404 and Model Audit Rule (MAR)
• Administer existing reinsurance treaty agreements to ensure adherence and facilitate periodic cash settlements
• Work with Financial Reporting to complete monthly, quarterly, and annual accounting tasks including journal entries, accruals, and Schedule S filings
• Assist with internal and external audit requests
• Perform other related duties as required

Requirements

• Bachelor's Degree in Accounting, Finance, or related field
• Minimum of 4 years of professional, job-related experience or equivalent combination of education and experience
• Understanding of U.S. GAAP accounting principles
• Detail-oriented with meticulous documentation skills
• Intellectual curiosity to understand accounting implications of reinsurance programs
• Proficient in Microsoft Office, especially Excel
• Skilled in process improvement, diagnostic and problem-solving, facilitation, and negotiation
• Aptitude for learning accounting and data analysis systems/applications
• Excellent analytical, research, and problem-solving abilities
• Professionalism in accordance with corporate standards
• Strong written and oral communication skills with ability to collaborate effectively

Preferred Qualifications

• Working toward Certified Public Accountant (CPA) designation
• Experience in reinsurance accounting
• Knowledge and experience with SAP

Travel

Up to 10%

Compensation and Benefits

• Salary range: $65,000 - $85,000, with offers based on education, experience, certifications, location, and peer compensation
• Potential for future salary growth; initial offers typically not at top of range
• Benefits include medical, dental, vision, prescription drug coverage
• Flexible spending accounts for health care and dependent care
• Supplemental insurance policies (Accident, Cancer, Critical Illness, Hospital Indemnity) offered at no cost to employee
• 401(k) plans
• Annual bonuses
• Opportunity to purchase company stock
• Paid time off: 11 paid holidays, up to 20 days PTO, and applicable state-mandated sick leave
• Compliance with all applicable leave laws including sick and safe leave, adoption, and parental leave

Equal Opportunity

The organization is committed to diversity and ethical business practices and encourages candidates who align with these values to apply.