Sr./Lead Accountant, Reinsurance (Remote or Glastonbury, CT/Hybrid)

Overview

Since 2000, the Accident & Health division has offered a diverse portfolio of specialty insurance and reinsurance products nationwide, focusing on product development, creative distribution methods, and excellent client service. The division operates both domestically and internationally through various partnerships, providing broad underwriting flexibility. The Specialty Business Unit (SBU) delivers tailored solutions in Special Risk, International Travel Medical, retail and wholesale Travel, and Occupational Risk. In 2024, the SBU recorded $1,391M in gross premium written.

Role Summary

As the Occupational Risk Profit Center grows, this role supports the accounting and finance functions related to managing an Insurance Agency within an Insurance Carrier. The position involves collaboration with internal teams such as Underwriting, Actuarial, Claims, Compliance, IT, and external Occupational Accident business partners.

This role can be based in Glastonbury, CT (hybrid) or remote, with quarterly and as-needed travel to the Glastonbury location required.

Responsibilities

• Manage all accounting functions related to occupational accident operations, ensuring compliance with industry regulations, GAAP, and internal policies.
• Prepare, analyze, and oversee monthly, quarterly, and annual financial statements including balance sheets, income statements, and cash flow statements.
• Lead month-end, quarter-end, and year-end close processes, including journal entries, reconciliations, and reporting.
• Conduct detailed account reconciliations and resolve discrepancies.
• Prepare monthly general ledger interface entries for premiums, expenses, losses, and commissions.
• Analyze financial data to support decision-making, strategic planning, and forecasting.
• Support budget and forecast preparation with detailed financial analysis and variance explanations.
• Oversee receiving, invoicing, vendor payments, and commission payments, resolving discrepancies.
• Mentor junior accounting staff and assist with training new team members.
• Collaborate with internal and external auditors during audits, providing documentation and explanations.
• Review, improve, and implement process changes to increase accounting operation efficiencies.
• Utilize Salesforce and Accounting Seed for managing accounting data, tracking performance metrics, and generating management reports.
• Process and review intercompany billing and transactions ensuring accuracy and proper documentation.
• Assist in reviewing and documenting business processes to identify improvement opportunities and support implementation projects, including new accounting systems.
• Stay current on industry trends and best practices to enhance accounting operations.

Captive and Reinsurance-Specific Functions

• Manage accounting for captive insurance entities, including preparation of statutory financial statements and regulatory filings.
• Coordinate and reconcile reinsurance transactions including ceded and assumed premiums, losses, and commissions.
• Prepare and analyze Schedule F (Reinsurance) and other regulatory schedules related to captive and reinsurance operations.
• Monitor and account for collateral and trust arrangements associated with captive and reinsurance agreements.
• Ensure compliance with regulatory requirements specific to captives and reinsurance, including reporting to state insurance departments.
• Liaise with captive managers, reinsurers, and external auditors to support audits and regulatory examinations.
• Assist in structuring and accounting for new captive and reinsurance programs, including documentation and process implementation.

Requirements

• Bachelor’s degree in Accounting required. Other business majors accepted only with captive/reinsurance experience.
• Minimum 5 years of professional accounting experience within the insurance industry.
• Property & Casualty (P&C) line experience is a plus.
• Captive/Reinsurance experience preferred.
• Intermediate proficiency with Excel, Word, Outlook, Access, and database management; Tableau experience is a plus.
• Advanced Excel skills including formulas, pivot tables, and data analysis.
• Strong technical and analytical skills with a focus on data-driven workflows.
• Ability to work independently and collaboratively in a fast-paced, deadline-driven environment.
• Strong written and verbal communication skills.
• Ability to facilitate team conflict resolution.
• Excellent organization, time management, and attention to detail.

Compensation & Benefits

• Annual base salary range: $74,900 to $110,000, determined by experience, skills, and performance.
• Potential participation in discretionary equity (stock) based compensation and/or performance-based variable pay programs.
• Competitive compensation package.
• Generous 401(k) employer match.
• Employee Stock Purchase Plan with employer matching.
• Generous paid time off.
• Comprehensive benefits including health, dental, vision, and programs supporting physical, mental, and financial wellness.
• Career development opportunities including tuition reimbursement, industry certifications, and professional training.

Location

• Position based in Glastonbury, CT (hybrid) or remote with required quarterly and as-needed travel to Glastonbury, CT.

Equal Opportunity

The organization is committed to equal employment opportunity and values diversity and inclusion. Accommodations are available upon request for candidates with disabilities or special needs.