Ceded Reinsurance Accountant

Responsibilities

• Prepare monthly, quarterly, and ad-hoc standardized reports calculating the reinsurance on quota share contracts.
• Prepare XOL billings for CAT specific programs to be sent to third party brokers and reinsurers.
• Analyze large sets of claims data to create standardized reinsurance reports for management review.
• Assist in the preparation of journal entries.
• Prepare payments for various settlements such as deposit premiums and premium adjustments.
• Maintain documentation to support external audit requests.
• Coordinate with the insurance claims and actuarial departments regularly.
• Meet reporting deadlines for the early financial close and ad-hoc request deadlines.
• Handle additional ceded accounting responsibilities as deemed priority by management.

Desired Skills and Experience

• Bachelor’s degree, preferably in Accounting/Finance.
• Minimum of 3 years experience within the Reinsurance industry, finance or accounting preferred.
• Knowledge of various forms of reinsurance, specifically XOL contracts as relates to loss application and calculation.
• Excellent communication skills, expected to communicate with outside departments and external brokers.
• High level of experience with Microsoft Excel (Pivot Tables, vLookups, SUMIFs).
• Familiarity with various systems and reporting tools such as Reinsurance Pro and Cloverleaf.