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Reinsurance Accounting Specialist - Remote

Posted 6 weeks ago

Overview

An overview paragraph about the job

In Short

  • Prepare and review ceded and assumed reinsurance journal entries, ensuring proper recording and classification.
  • Perform monthly reconciliations and analysis to maintain accurate financial records.
  • Manage reinsurance billing processes, ensuring accurate invoicing and timely collections.
  • Coordinate with internal stakeholders and broker partners as necessary to resolve any discrepancies in a timely manner.
  • Assist in the preparation of Annual and Quarterly NAIC statements, ensuring accurate reporting that is in compliance with regulatory requirements.
  • Assess and track collateral requirements for ceded and assumed reinsurance agreements, ensuring accurate reporting and compliance.
  • Maintain regular communication with broker partners to facilitate smooth transactions, resolve queries, and ensure the timely flow of information.
  • Provide support for general accounting tasks and assist in statutory reporting functions as needed, ensuring accuracy and compliance with accounting standards.
  • Perform other duties as assigned.

Requirements

  • Bachelor’s degree in Accounting, Finance or related field and 3 years of relevant reinsurance accounting experience or equivalent combination of education and industry experience.
  • Proficiency in Microsoft Excel and experience with reinsurance accounting systems.
  • Strong understanding of reinsurance principles, accounting practices, and statutory reporting requirements.
  • Analytical mindset with a problem-solving approach.
  • Ability to work independently and prioritize tasks to meet deadlines.
  • Strong attention to detail and accuracy.
  • Excellent verbal and written communication skills with the ability to coordinate and collaborate effectively with internal teams and external partners.
  • Collaborative team player with strong interpersonal skills.

Benefits

  • Market-driven compensation and bonus plan.
  • 3 weeks of paid time off (and your birthday too!).
  • 37.5-hour work week; end your Friday at 2:30 PM.
  • Builders University for employees, dedicated to supporting the development and enhancing expertise.
  • Earn swag and extra time off through peer recognition Builders Bucks program.

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