Sr Reinsurance Accountant

Overview

This position is responsible for accurate accounting, reporting, and analysis of reinsurance transactions. The role ensures ceded and assumed reinsurance activity is recorded in accordance with GAAP and statutory accounting principles while maintaining data integrity across subledger and financial reporting systems.

Working with Finance leadership, Actuarial, and Reinsurance Operations, the Senior Reinsurance Accountant provides technical support on treaty structures, cash settlements, and reconciliations. The role also supports process improvements, strengthens internal controls, and assists with external and internal audit requests. Strong analytical skills, a deep understanding of reinsurance accounting practices, and the ability to work independently and collaboratively in a complex insurance environment are essential.

Responsibilities

Reinsurance Operations & Reporting

• Prepare and review ceded and assumed reinsurance journal entries, reconciliations, and supporting schedules for monthly, quarterly, and annual closings.
• Assist in preparing reinsurance-related financial statement disclosures, statutory schedules, and management reports.
• Analyze reinsurance results and variances, providing insights and explanations to management.
• Review treaty terms and documentation to ensure proper accounting treatment (GAAP and statutory accounting principles) and alignment with company policies.
• Collaborate with business partners across actuarial, underwriting, claims, and finance 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, ensuring adherence to company policies and 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 other team members by sharing knowledge and modeling best practices in reinsurance accounting and reporting.
• Support system enhancements and testing related to reinsurance accounting or financial reporting applications.
• Support broader Finance transformation initiatives aimed at modernizing systems and standardizing financial processes.

Requirements

• Bachelor’s degree in accounting or finance required.
• 3–6 years of reinsurance or insurance accounting experience.
• Strong understanding of GAAP and statutory principles.
• Strong analytical and problem-solving skills with attention to accuracy and detail.
• Proficiency with Microsoft Excel; experience with financial systems or reinsurance subledgers desirable.
• Excellent communication and collaboration skills across cross-functional teams.
• Ability to manage multiple priorities, meet deadlines, and work effectively in a dynamic environment.

Preferred Qualifications

• Certified Public Accountant (CPA) or progress toward certification.
• Prior experience within property and casualty insurance.

Compensation & Benefits

• Base salary range: $85,991 - $113,412 annually.
• Annual incentive compensation.
• Medical, dental, vision & life insurance.
• Accident, critical illness & short-term disability insurance.
• Retirement plans with employer contributions.
• Generous time-off program.
• Programs designed to support employee well-being and financial security.

Location

• General office environment.
• Travel requirements: infrequent travel, only as needed.