Reinsurance Accounting Manager

Heritage Insurance•Tampa, FL

42d

About The Position

We are seeking an experienced, detail-oriented and highly analytical Reinsurance Accounting Manager to join our finance team. This position is responsible for the accurate recording, analyzing, and reporting of reinsurance financial data for both internal and external users. The position will monitor reinsurance contracts, ensure compliance with key provisions, review and reconcile bordereaux submissions to reinsurers, track reinsurance balances, record journal entries to report reinsurance transactions, prepare statutory reinsurance related schedules, and report out to senior management for large losses and Cat events.

Requirements

Bachelor's degree in Accounting, Finance, or related field.
5+ years of accounting experience.
Highly proficient in Microsoft Excel (Power Query, Pivot Tables, Lookups).
Experience with financial accounting software (EAS, SAP, Oracle)
Familiarity with NAIC statutory accounting principles (SAP).
Highly analytical and detail oriented.
Ability to manage multiple priorities and meet tight deadlines.

Nice To Haves

CPA or progress toward CPA designation.
Experience working within the P&C Industry and statutory regulatory filings.
Experience with reinsurance treaties, including net quota share, excess of loss, aggregate and facultative arrangements.
Experience with Captive reinsurers.
Experience with reinsurance software (ProCede/FIS Reinsurance Manager, Duck Creek, Sapiens, Cenata).
Experience with software implementation.

Responsibilities

Maintain and reconcile reinsurance general ledger accounts, including ceded premiums, losses, payables, and recoverables.
Prepare and process reinsurance settlements with reinsurers.
Review and reconcile bordereaux submissions.
Monitor reinsurance treaties to ensure compliance with terms and accurate financial reporting.
Assist with month-end and quarter-end close processes, including preparing journal entries.
Preparation of reinsurance schedules for the annual and quarterly statutory financial statements (specifically Schedule F).
Monitor collateral requirements and balances.
Coordinate with claims, underwriting and actuarial departments to ensure consistency in reinsurance data companywide.
Prepare detailed reinsurance schedules and reports for senior management, auditors, and regulators.
Assist in streamlining reinsurance accounting processes and improving reporting efficiency.
Stay updated on regulatory and industry changes related to reinsurance accounting and reporting.
Ability to manage large data.