Sr Reinsurance Accountant

Overview

A leading insurance organization is seeking a Senior Reinsurance Accountant responsible for the accurate accounting, reporting, and analysis of reinsurance transactions. This role ensures all ceded and/or assumed reinsurance activity is properly recorded in accordance with GAAP and statutory accounting principles while maintaining data integrity across subledger and financial reporting systems.

The position involves close collaboration with Finance leadership, Actuarial, and Reinsurance Operations teams to provide technical research and accounting support related to treaty execution, cash settlements, and reconciliations. The role also supports process improvements, internal controls, and audit requests.

Responsibilities

Reinsurance Operations & Reporting

• Prepare and review complex ceded and/or assumed reinsurance journal entries, reconciliations, and supporting schedules for monthly, quarterly, and annual closings.
• Assist with preparation and review of reinsurance-related financial statement disclosures, statutory schedules, and management reports.
• Analyze reinsurance results and variances, providing insights and explanations to management.
• Identify and resolve accounting and process issues proactively.
• Review treaty terms and documentation to ensure proper accounting treatment and alignment with company policies.
• Collaborate with actuarial, underwriting, claims, and finance teams to resolve discrepancies and ensure data integrity.
• Support cash settlement processes including billing, collections, and reconciliations of reinsurance receivables and payables.

Governance & Controls

• Maintain SOX-compliant documentation and ensure adherence to internal control requirements.
• Assist with audit requests, including internal controls and testing evidence.

Collaboration & Process Improvement

• Participate in continuous improvement initiatives to optimize processes, standardize reporting, and automate data flow.
• Mentor team members by sharing knowledge and modeling best practices in reinsurance accounting.
• Support system enhancements and testing related to reinsurance accounting or financial reporting applications.
• Collaborate with operations and IT teams to support finance transformation initiatives aimed at modernizing systems and standardizing financial processes.
• Perform other duties as assigned to support the reinsurance team and organizational goals.

Requirements

Education

• Bachelor’s degree in accounting or finance required.
• Certified Public Accountant (CPA) designation or progress toward certification preferred.

Experience

• 3–6 years of reinsurance or insurance accounting experience.
• Prior experience within property and casualty insurance preferred.

Knowledge, Skills & Abilities

• Strong understanding of GAAP and statutory accounting principles.
• Strong analytical and problem-solving skills with attention to accuracy and detail.
• Advanced proficiency in Microsoft Excel (pivot tables, VLOOKUP, complex formulas).
• Experience with financial systems or reinsurance subledgers is desirable.
• Excellent communication and collaboration skills across cross-functional teams.
• Ability to manage multiple priorities, meet deadlines, and work effectively in a dynamic environment.
• Demonstrated ability to work independently and collaboratively.
• Process improvement mindset with ability to identify and implement efficiency enhancements.
• Critical thinking skills and sound professional judgment.

Working Conditions

• General office environment.
• Infrequent travel as needed.

Compensation & Benefits

• Base salary range: $85,991 - $113,412 annually, determined by factors including experience, education, certifications, skills, internal equity, geography, and market data.
• Annual incentive compensation.
• Medical, dental, vision, and life insurance.
• Accident, critical illness, and short-term disability insurance.
• Retirement plans with employer contributions.
• Generous time-off program.
• Programs supporting employee well-being and financial security.

This pay range disclosure complies with applicable state and local pay transparency laws.