Accountant I, Reinsurance
About The Position
Safety National is hiring an Accountant I, Reinsurance in its Accounting & Finance department. The role supports accurate and timely reinsurance accounting and financial reporting, with exposure to ceded and assumed reinsurance, Loss Portfolio Transfers (LPTs), and fronting business. The accountant works alongside experienced accounting professionals and contributes to financial operations while developing knowledge of the insurance and reinsurance industry. The position maintains accounting functions within reinsurance systems; posts cash transactions; prepares premium and claims adjustments; and processes reinsurance payments and wire transfers. It also reconciles general ledger, escrow, and bank accounts; prepares monthly, quarterly, and annual financial statements; and supports month-end closing through journal entries, invoices, and claims adjustments. The role prepares financial reports, compiles audit documentation, and collaborates with internal departments and external business partners. It may also include special projects and support for evolving business needs. This hybrid position requires working at least three days per week at Safety National’s St. Louis Corporate Office at 1832 Schuetz Rd., Saint Louis, Missouri. Employees must submit work-from-home requests and follow the company’s Work From Home policy. The role also requires protecting the confidentiality, integrity, and availability of information and technology assets in accordance with company policies, standards, and procedures.
Requirements
- Coursework or professional experience in accounting.
- Excellent organizational skills and a high level of accuracy and attention to detail.
- Ability to work independently and collaboratively within a team environment.
- Dependable, motivated, and adaptable, with the ability to maintain a positive attitude in a fast-paced environment with changing priorities.
- Proficiency in Microsoft Office, including Excel and Outlook.
- Must be presently authorized to work in the U.S. without requiring work authorization sponsorship from the company now or in the future.
Nice To Haves
- A bachelor's degree in Accounting, Business Management, Business Administration, or a related field, or equivalent work experience.
- One or more years of relevant accounting experience.
- Experience in the insurance industry or a similar industry.
- Experience with reinsurance accounting, including ceded reinsurance, assumed reinsurance, Loss Portfolio Transfers (LPTs), or fronting business.
- Familiarity with accounting and insurance systems such as PeopleSoft, Freedom, SICs, or ClaimCenter.
- Experience reconciling general ledger, bank, or escrow accounts.
- Experience preparing journal entries, processing financial transactions, and supporting month-end closing activities.
- Familiarity with financial reporting, premium and claims statements, and audit documentation.
Responsibilities
- Maintain accounting functions within reinsurance systems.
- Post cash transactions.
- Prepare premium and claims adjustments.
- Process reinsurance payments and wire transfers.
- Reconcile general ledger, escrow, and bank accounts.
- Prepare monthly, quarterly, and annual financial statements.
- Assist with month-end closing activities, including journal entries, invoices, and claims adjustments.
- Prepare financial reports and compile supporting documentation for audits.
- Collaborate with internal departments and external business partners to support accurate and efficient accounting operations.
- Participate in special projects and support evolving business needs.
- Protect the confidentiality, integrity, and availability of information and technology assets in accordance with company policies, standards, and procedures.
Benefits
- Competitive compensation, including base salary, holiday bonus, and incentive awards.
- Health, dental, and vision coverage.
- Health savings accounts.
- 401(k) retirement savings match.
- Annual profit-sharing contribution.
- Adoption, fertility, and surrogacy benefits.
- Paid time off and paid holidays.
- Paid parental and caregiver leave.
- Hybrid work environment.
- Company-paid life insurance and disability coverage.
- Professional growth and development opportunities.
- Employee recognition and well-being programs.
- Tuition reimbursement.
- Wellness perks.
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
