Reinsurance Transaction Accountant

Overview

This role provides hands-on accounting support for complex life and annuity reinsurance transactions, from initial treaty review and accounting analysis through implementation, ledger setup, financial reporting, disclosures, processes, and controls.

Responsibilities

• Support the accounting integration of new reinsurance transactions from diligence and initial analysis through implementation and ongoing financial reporting.
• Review reinsurance treaties and transaction structures to assess accounting implications, including risk transfer considerations.
• Apply relevant US GAAP insurance and reinsurance accounting guidance, including ASC 944 and, where applicable, LDTI considerations.
• Partner with Accounting Policy and other finance stakeholders to translate technical accounting conclusions into ledger structures, journal entries, and transaction flows.
• Address accounting considerations related to assumed reinsurance and retrocession, including intercompany impacts.
• Assess financial reporting implications, including financial statement presentation, disclosures, cash flows, and quarterly reporting.
• Evaluate relevant statutory accounting considerations and differences from U.S. GAAP.
• Develop and enhance transaction-related accounting processes and internal controls.
• Collaborate across accounting, finance, and reporting teams to ensure complex transactions are appropriately reflected across the organization.

Required Qualifications

• Strong life and/or annuity reinsurance accounting experience.
• Strong knowledge of U.S. GAAP insurance and reinsurance accounting.
• Experience reviewing reinsurance treaties and transactions and evaluating downstream accounting and reporting implications.
• Ability to translate technical accounting conclusions into practical implementation across the general ledger, financial reporting, processes, and controls.
• Hands-on and adaptable approach, with the ability to work through complex or unfamiliar transactions.

Preferred Qualifications

• Working knowledge of US statutory accounting.
• Familiarity with intercompany reinsurance and/or retrocession structures.
• Experience establishing or improving accounting processes and internal controls.

Compensation & Benefits

• $80 to $90/hr

Location

Remote