Reinsurance Accountant

Protective • Birmingham, AL

1d

About The Position

The work we do has an impact on millions of lives, and you can be a part of it.
We help protect our customers against life’s uncertainties. Regardless of where you work within the company, you’ll be helping provide protection and peace of mind when our customers need it most.

This role supports the accounting and reporting processes for multiple reinsurance agreements within Protective’s Reinsured Premium Team. The successful candidate will perform a variety of monthly and quarterly accounting responsibilities, including preparing reinsurance accruals, reconciling reinsured premium payables, completing journal entries, generating reporting packages, and assisting with audit activity.

This position plays a key role in ensuring data accuracy and integrity through detailed analysis and validation. The role also involves working across multiple administrative systems, supporting a wide range of acquired products, serving as a point of contact for reinsured companies, and contributing to process improvements and automation initiatives within the Reinsurance Department.

Requirements

• Bachelor’s degree in Accounting, Finance, or related field.
• Minimum of 2 years of professional accounting experience.
• Strong analytical, critical-thinking, and problem‑solving skills.
• Excellent communication and interpersonal skills.
• Proficiency in Microsoft Excel, including pivot tables, VLOOKUP/XLOOKUP, and handling large data sets.
• High attention to detail and accuracy, with a strong sense of urgency.
• Ability to manage multiple priorities and meet deadlines.
• Ability to work both independently and collaboratively.
• Familiarity with GAAP and Statutory reporting, general ledgers, accounting systems, and operational accounting workflows.

Nice To Haves

• CPA or equivalent certification.
• Experience with SAP, SQL, Power Query, or Power BI.
• Insurance or reinsurance industry experience.

Responsibilities

• Prepare accurate monthly and quarterly reinsurance accruals.
• Reconcile and distribute reinsured premium payables.
• Perform manual calculations for reinsurance programs not maintained within reinsurance systems.
• Prepare and deliver monthly and quarterly reports, including settlement statements and other required documentation.
• Analyze financial results and provide insights or explanations as needed.
• Conduct reconciliations for key reinsurance accounts.
• Investigate and resolve discrepancies by collaborating with internal departments and external partners.
• Support internal and external audits during quarterly and annual review cycles.
• Serve as a resource for internal and external stakeholders regarding reinsured premium activity.
• Assist with statutory and GAAP financial reporting requirements.
• Participate in cross‑training within the team to support group development.
• Contribute to process improvement and automation efforts involving manual processes.
• Perform other accounting and financial duties as assigned.

Benefits

• We aim to protect the wellbeing of our employees and their families with a broad benefits offering. In addition to offering comprehensive health, dental and vision insurance, we support emotional wellbeing through mental health benefits and an employee assistance program.
• Work/life balance is important and Protective offers a variety of paid time away benefits (e.g., paid time off, paid parental leave, short-term disability, and a cultural observance day).
• The financial health of our employees is just as important as physical and emotional health. Some of the financial wellbeing benefits include contributions to healthcare accounts, a pension plan, and a 401(k) plan with Company matching.
• All employees are encouraged to protect their overall wellbeing by engaging in ProHealth Rewards, Protective’s platform to improve wellbeing while earning cash rewards.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Number of Employees: 1,001-5,000 employees