Reinsurance Accounting Manager

Responsibilities

• Preparation of ceded treaty and facultative reinsurance accounts, including complex accounts.
• Ensure accurate and timely recording of reinsurance transactions, including premiums, claims, commissions, and other related items.
• Collaborate with Management to confirm accuracy of financial transactions.
• Applying of cash disbursements and receipts in the Reinsurance sub-ledger. Generate Cash Call billings, monitor collections, and prepare aging reports (Receivables/Payables).
• Lead and mentor a Reinsurance Accountant, providing guidance, training, and performance evaluations.
• Monitor and manage the reinsurance accounting processes to ensure compliance with company policies and regulatory requirements.
• Various reconciliations and ad-hoc reporting.
• Provide support for upper management reporting, statutory reporting (Schedule F annual yellow books) and assist on any internal/external audits.
• Serve as a key point of contact for internal and external stakeholders regarding reinsurance accounting matters.
• Research accounting guidance and apply appropriate accounting guidance to complex reinsurance transactions and structures.
• Develop control processes to ensure effective procedures are in place to support internal operation and SOX controls as new transactions are established.

Qualifications

• Bachelor’s degree in accounting, Finance, or a related field.
• Minimum of 5-10 years of experience in reinsurance accounting with Treaty and Facultative account processing.
• Proven supervisory experience, with strong leadership and team management skills.
• In-depth knowledge of reinsurance principles, accounting standards, and regulatory requirements.
• Proficiency in accounting software (workday) and Microsoft Office Suite, particularly advanced Excel.
• Excellent analytical, problem-solving, and organizational skills.
• Strong attention to detail and accuracy.
• Effective communication and interpersonal skills, with the ability to collaborate across departments and with external partners.
• Ability to multi-task, meet deadlines and prioritize workload.
• Knowledge of Reinsurance platforms such as Reins Pro (Sapiens).