Reinsurance Accountant

Essential Responsibilities: Manage the accounting for ceded reinsurance transactions, including premiums, losses, commissions, recoveries, and settlements. Record and reconcile reinsurance activity in accordance with applicable accounting standards and company policies. Prepare and review reinsurance journal entries, account reconciliations, accruals, and supporting schedules. Monitor and reconcile reinsurance recoverables, ceded premiums, loss reserves, and related balance sheet accounts. Analyze significant fluctuations in reinsurance balances and investigate discrepancies. Support monthly, quarterly, and annual financial close processes. Ensure accurate accounting treatment of complex reinsurance transactions and contractual provisions. Monitor outstanding reinsurance recoverables and coordinate collection and settlement activities. Reconcile amounts due from reinsurers to contractual terms and internal records. Investigate and resolve discrepancies between company records, reinsurer statements, and third-party information. Support preparation of statutory financial statements and insurance regulatory reporting related to reinsurance. Ensure accounting practices comply with applicable statutory accounting principles and regulatory requirements.

Qualifications: Bachelor's degree in Accounting or Finance preferred with at least several years experience within the insurance or reinsurance industry. Strong understanding of ceded reinsurance accounting. Experience with reinsurance premiums, claims, recoverables, commissions, reserves, and settlements. Advanced Excel skills and experience working with accounting or insurance systems. Strong analytical, organizational, and problem-solving skills.