Director, Ceded Reinsurance Accounting

Berkley•Greenwich, CT

About The Position

The Director of Ceded Reinsurance accounting is a leader responsible for shaping and executing the company’s ceded reinsurance strategy, with a critical focus on leading the implementation and stabilization of a new ceded reinsurance system. This includes overseeing system design, data migration, testing, and process optimization to ensure seamless integration and operational efficiency. In addition, the Director manages the centralized Reinsurance Operations and accounting team, compliance with regulatory and audit standards, and ensures accurate financial reporting for ceded business. This role requires strong collaboration with IT, Finance, Underwriting, and internal stakeholders to deliver a robust ceded system and enhance business performance.

Requirements

10 – 15+ years in ceded reinsurance, understanding treaty and facultative reinsurance
5+ years in a leadership role managing teams and projects.
Strong knowledge of reinsurance structures and ceded accounting.
Experience with reinsurance systems required and Peoplesoft General Ledger a plus.
Strong Excel, MS Office skills.
Excellent negotiation, communication, and relationship management skills
Ability to manage multiple priorities in a challenging environment.
Industry knowledge: Strong understanding of reinsurance accounting concepts and ability to understand and interpret reinsurance contracts.
Financial Acumen & Analytical Skills
Leadership & Team Development
Regulatory & Compliance Expertise
Process Improvement & Technology Adoption
Effective communication skills for addressing issues with subsidiary accounting personnel and reinsurance department personnel.

Nice To Haves

Experience with reinsurance systems required and Peoplesoft General Ledger a plus.

Responsibilities

Lead the Ceded Reinsurance New System Implementation and stabilization activities including process documents for new workflows, coordinating, and executing system testing, identifying, and resolving issues in collaboration with IT teams, managing final implementation, and ensuring smooth transition to production.
Overseeing post-implementation support and continuous improvement.
Assist in consolidation of historical ceded reinsurance data into one platform.
Coordinate reconciliation of balances and recoverable post migration.
Lead and manage a team of ceded reinsurance professionals while maintaining standards for quality, accuracy, timeliness, and staff engagement.
Ensure effective execution of reinsurance accounting, execution of contracts, processing of invoices, and recovery of reinsured losses and ensure timely settlements.
Manage Corporate Reinsurance contracts into Reinsurance systems.
Promote learning and performance metrics within team for continued efficiency.
Provide Technical Reinsurance guidance and training to the team.
Understanding, preparing, and reviewing various reinsurance schedules and statements of accounts.
Support monthly/quarterly and annual financial close activities, cash business processes, reconciliations, reporting. and timely resolve outstanding issues.
Ensure compliance with internal audit requirements and regulatory standards.
Develop strong, productive relationships with stakeholders, Risk Management, and Operating Units.
Drive automation and process improvements, including system enhancements and workflow optimization.