Reinsurance Accounting Specialist - Remote

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.