Job at a glance
Relationship and Scope: The position requires extensive knowledge of reinsurance accounting, contracts, and procedures. The candidate will use this knowledge to unravel complex reinsurance issues by identifying the technical issues and completing detailed reconciliations that provide a resolution. Responsibilities Include: Prepare, disburse, and settle monthly and quarterly accounts in accordance with the contract agreement leveraging process automation.
Work internally and with third parties to verify receipt of billings, initiate collection of open balances in accordance with established procedures, respond to queries, resolve receivable and payable discrepancies, and elevate unresolved collection issues. Monthly review of the reinsurance premium and loss sub ledger to ensure accurate account balances. Formulating action plans to resolve aged balances. Resolve any issues or answer queries regarding the reinsurers’ statements, certificates, or related entries in the reinsurance premium and loss systems. Preparation of monthly and quarterly ceded reinsurance financial reports as needed.
Provide commentary on various reports for senior management. Ad hoc requests from internal and external customers (i.e. audits). Bachelor’s degree - Accounting/Finance/Business Insurance designations (such as ARe / CPCU) desired Three to five years of reinsurance accounting experience Ability to identify areas for process improvement Ability to analyze large data sets to identify and resolve complex issues Ability to work effectively in a fast-paced environment Proven ability to work independently and take ownership of responsibilities Excellent oral and written communication skills required Proficiency in Microsoft Excel, Microsoft Word and PeopleSoft is preferred FIRST knowledge a plus