Finance Director, Reinsurance

Accredited Insurance•New York, NY

15h

About The Position

The Finance Director is a senior finance leader responsible for financial oversight across Accredited's MGA program business and reinsurance portfolio. The role leads finance reviews of new and existing programs to assess financial soundness, collateralization, forecasting accuracy, and alignment with the Company's risk appetite and strategic objectives. Working with Finance, Treasury, Underwriting, Reinsurance, Program Management, Risk, Legal, Accounting, Claims, and senior leadership, the Finance Director evaluates program economics, financial assumptions, collateral sufficiency, profitability, and emerging financial risks, and provides independent recommendations to executive management. The position oversees quarterly reinsurance reporting, collateral monitoring, and financial forecasting; maintains governance frameworks, documentation standards, controls, and review processes; and supervises the Senior Reinsurance Accountant responsible for quarterly reinsurance reporting, collateral reporting, and forecasting. It also provides guidance on applicable US and international statutory and regulatory obligations, sanctions and financial crime rules, licensing restrictions, whistleblowing procedures, and, where applicable, Consumer Duty principles.

Requirements

10+ years of progressive experience in insurance finance, reinsurance, FP&A, treasury, collateral management, program business, or financial analysis.
Strong knowledge of insurance finance, reinsurance, MGA/program business, collateral management, and financial reporting.
Extensive experience evaluating program economics, profitability, budgeting, forecasting, financial modeling, and business case analysis.
Strong understanding of reinsurance structures, recoverables, collateral arrangements, letters of credit, trust agreements, and ceded balances.
Experience analyzing financial statements, capital adequacy, liquidity, credit quality, and counterparty financial strength.
Advanced analytical, problem-solving, and financial modeling skills, including the ability to translate complex financial information into executive-level recommendations.
Strong communication and presentation skills, including experience preparing executive summaries, governance materials, and committee reporting.
Ability to influence senior stakeholders and constructively challenge assumptions.
Demonstrated leadership experience managing finance professionals and cross-functional initiatives.
High attention to detail and strong organizational, documentation, and project management skills.
Demonstrated experience with budgeting, forecasting, profitability analysis, executive reporting, and financial governance.
Experience reviewing reinsurance agreements, collateral structures, financial controls, and insurance program performance.
Ability to work in office up to two days per week.

Nice To Haves

Experience supporting MGA or delegated authority business.
Experience presenting financial recommendations to executive leadership, committees, auditors, regulators, and external stakeholders.
Experience managing hybrid or remote teams.

Responsibilities

Lead the Finance workstream for evaluation and onboarding of new and renewed MGA/program business opportunities.
Review program economics, including premium projections, commissions, fees, taxes, reinsurance structures, expenses, collateral requirements, profitability, and financial assumptions.
Conduct financial due diligence by assessing profitability, capital utilization, liquidity, cash flow, collateral exposure, and downside scenarios.
Partner with Underwriting, Reinsurance, Treasury, Accounting, Program Management, Legal, Risk, FP&A, and Claims to ensure financial readiness before program launch.
Oversee collateral governance, including letters of credit, trust accounts, funds withheld arrangements, recoverables, and collateral sufficiency.
Monitor reinsurer financial strength, counterparty credit risk, recoverability, and collateral adequacy, and identify emerging financial risks.
Prepare and review Schedule F reporting, quarterly reinsurance reporting, collateral reporting, cash flow forecasts, and executive management presentations.
Develop executive reporting, dashboards, profitability analyses, and governance materials for senior leadership, Risk Committees, Reinsurance Committees, and Board reporting.
Evaluate financial performance, forecast accuracy, program profitability, and emerging trends, and recommend improvements and corrective actions.
Maintain governance frameworks, documentation standards, financial controls, and finance review processes supporting program oversight.
Supervise and develop the Senior Reinsurance Accountant responsible for quarterly reinsurance reporting, collateral reporting, and forecasting activities.
Provide strategic financial guidance and independent recommendations to senior leadership regarding program readiness, collateral exposure, profitability, and financial risk.
Drive continuous improvement of financial reporting, collateral monitoring, forecasting processes, and governance practices.
Maintain compliance with applicable US and international statutory or regulatory obligations, including prudent business management, due regard for customer interests, sanctions and financial crime rules, and regulatory requirements and local licensing restrictions.
Promote and follow the Group’s whistleblowing procedures, and guide direct reports on the Group’s whistleblowing policies and procedures.
Where applicable, follow the Company’s Consumer Duty principles to deliver good outcomes for retail customers.