Reinsurance Accountant II

Protective • Birmingham, AL

9d • $70,000 - $85,000 • Hybrid

About The Position

Protective is seeking a Reinsurance Accounting Analyst II to join their Reinsurance Accounting team. This role is responsible for supporting the accounting and reporting activities for multiple coinsurance and reinsurance partners while ensuring the accuracy and integrity of financial results. The position plays a key role in monthly, quarterly, and annual close processes through the preparation of journal entries, account reconciliations, settlement statements, and reporting packages. The ideal candidate combines a strong accounting foundation with excellent analytical and communication skills. This individual will partner with internal business teams, external reinsurance partners, and auditors while contributing to process improvement and automation initiatives through tools such as SAP, Excel, Power Query, Power Automate, Power BI, and Microsoft Copilot. This is an excellent opportunity for an accounting professional seeking exposure to life insurance and reinsurance accounting in a collaborative and evolving environment. This is a Hybrid role which reports to the office 3 times a week.

Requirements

• Bachelor's degree in Accounting.
• Minimum of 3 years of accounting experience in public accounting, corporate accounting, insurance accounting, or a related field.
• Experience preparing journal entries, account reconciliations, and financial reporting deliverables.
• Strong analytical and problem-solving skills.
• Proficiency in Microsoft Excel and Microsoft 365 applications.
• Demonstrated ability to manage multiple priorities and meet established deadlines.
• Strong interpersonal and communication skills.
• Ability to work independently and as part of a collaborative team.

Nice To Haves

• Experience within the life insurance, annuity, reinsurance, or broader financial services industry.
• Familiarity with coinsurance and reinsurance treaty structures.
• Experience working with SAP, including general ledger and reporting functionality.
• Experience using Power Query, Power Automate, Power BI, and/or Microsoft Copilot.
• Knowledge of GAAP and Statutory accounting principles.
• Experience supporting Schedule S reporting and regulatory filings.
• Familiarity with reinsurance administration systems such as TAI or similar platforms.
• CPA designation or progress toward CPA certification.

Responsibilities

• Prepare and record monthly and quarterly accounting activity for assigned coinsurance and reinsurance agreements.
• Complete monthly, quarterly, and annual deliverables, including settlement statements, reporting packages, journal entries, and account reconciliations.
• Analyze financial results and trends, investigate variances, and provide clear explanations and supporting documentation.
• Partner with accounting, actuarial, valuation, business systems, and reinsurance administration teams to resolve issues and improve reporting accuracy.
• Support the implementation of accounting processes for new acquisitions and reinsurance treaties.
• Serve as a primary contact for internal stakeholders, external reinsurance partners, and auditors.
• Support quarterly and annual audit activities by providing requested documentation and responding to inquiries.
• Assist with statutory reporting requirements, including Schedule S and related exhibits as assigned.
• Identify opportunities to improve efficiency and automate recurring processes using Excel, Power Query, Power Automate, SAP, and Microsoft Copilot.
• Maintain process documentation and job aids to support operational excellence and knowledge sharing.
• Cross-train with team members to enhance business continuity and support critical deliverables.
• Perform additional accounting and financial analysis responsibilities as needed.

Benefits

• Comprehensive health, dental and vision insurance
• Mental health benefits
• Employee assistance program
• Paid time away benefits (e.g., paid time off, paid parental leave, short-term disability, and a cultural observance day)
• Contributions to healthcare accounts
• Pension plan
• 401(k) plan with Company matching
• ProHealth Rewards

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level