Reinsurance Accountant

Westfield • Westfield Center, OH

3h • Hybrid

About The Position

The Reinsurance Accountant is responsible for managing financial operations and ensuring compliance with accounting standards and regulations. The role handles responsibilities which include preparing journal entries, reconciliations, financial reports, analyzing financial data, managing financial risks, maintaining internal controls, and supporting audits. The role also plays a critical role in ensuring the financial health and compliance of the company, by overseeing the financial operations related to insurance policies, claims, and investments. This role supports in maintaining the financial stability of the company by managing its financial resources and making strategic decisions to optimize financial performance.

Requirements

• 2+ years of experience in Accounting or a related field.
• Bachelor's degree in Accountancy, Finance and/or commensurate experience.

Nice To Haves

• Certified Public Accountant (CPA)
• Certified Management Accountant (CMA)
• Reinsurance Accounting

Responsibilities

• Prepares and analyzes financial reports to support decision-making processes and identify areas for improvement.
• Ensures compliance with accounting standards and regulations by implementing and monitoring internal controls and policies.
• Develops and maintains relationships with stakeholders such as auditors, regulators, and other departments to facilitate effective communication and collaboration.
• Manages financial risks by assessing and mitigating risks related to investments, claims, and other financial activities.
• Conducts financial analysis and provides insights to management on financial performance, trends, and opportunities.
• Prepares monthly property/casualty and non-insurance financial statements and supplemental reports on both a Statutory and a GAAP basis.
• Leads frequent communication with external customers, including state and federal regulators and auditors, and internal business partners at all levels in the organization, on topics such as responding to their specific questions on regulatory filings, the process used to calculate a journal entry, or questions on what specific expenses are captured in a certain line on a regional income statement.
• Supports audits by providing necessary documentation, data, and information to internal and external auditors to ensure compliance and accuracy.
• Works with business leaders and others within the Finance department to ensure that correct structures (tree based) are in place for accurate reporting within the accounting system.

What This Job Offers

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