Reinsurance Cash Accountant

The Hartford • Stamford, CT

23d • Hybrid

About The Position

We’re determined to make a difference and are proud to be an insurance company that goes well beyond coverages and policies. Working here means having every opportunity to achieve your goals – and to help others accomplish theirs, too. Join our team as we help shape the future. Reporting to the Team Lead of Cash Operations, the Reinsurance Cash Accountant will be responsible for managing and reconciling cash transactions related to reinsurance agreements, ensuring accurate record-keeping and smooth cash flow. The successful candidate will have strong organization and reconciliation skills and be self-motivated and proactive. This role involves collaborating with both internal and external business partners. This role can have a Hybrid or Remote work arrangement.  Candidates who live near one of our office locations (Stamford, CT) will have the expectation of working in an office 3 days a week (Tuesday through Thursday).   Candidates who do not live near an office will have a remote work arrangement, with the expectation of coming into an office as business needs arise.

Requirements

• Bachelor’s degree in Accounting/Finance or equivalent work experience
• 3+ years of accounting, reporting or finance experience
• Proactive individual with well-developed communication skills, analytical and documentation skills, and with high attention to detail
• Ability to react and successfully balance multiple competing priorities in a dynamic, fast-paced work environment under strict time constraints
• Proven track record of taking initiative to research and resolve issues
• Strong computer skills and desire to learn new applications with advanced MS Excel knowledge
• High level of discipline and ability to work independently and within a team to drive results

Nice To Haves

• Bilingual Spanish/English strongly desired
• Reinsurance accounting experience strongly desired

Responsibilities

• Perform timely and accurate processing, application, collection, and reconciliation of cash related to reinsurance treaties
• Review and approve payment requests made by and to reinsurers, ensuring they align with treaty terms.
• Monitor and manage outstanding balances(receivables and payables) with clients and brokers
• Partner with booking accounting teammates regarding outstanding invoices that need to be booked
• Work with treaty accountants (booking team), underwriters, and claims departments to identify and resolve discrepancies in cash transactions
• Achieve qualitative and granular understanding of accounts and reported aging balances
• Maintain accurate storage of all relevant cash documentation
• Identify inefficiencies and propose improvements in cash handling and reporting processes
• Assist with special projects, system enhancements, testing, and ad-hoc reporting requests

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 5,001-10,000 employees