Reinsurance Controller

Nelnet•Lincoln, NE

2d•Hybrid

About The Position

Nelnet Insurance Services is seeking an Insurance/Reinsurance Finance Controller to lead finance strategy, reporting, and controls across our reinsurance portfolio. You’ll manage a team, partner closely with leadership and actuarial, and ensure our results are timely, accurate, and decision ready.

Requirements

Bachelor’s in Accounting/Finance; CPA strongly preferred.
5+ years in insurance/reinsurance accounting with progressive leadership
Deep GAAP for re/insurance
Statutory accounting familiarity preferred.
Proven close leadership (month/quarter), audit ownership, and compelling executive/board communication.
Strong data orientation (Excel/PowerQuery/Power BI or similar)
Experience with process automation and data quality improvements preferred.
Relationship savvy across internal and external partners.
Candidates must already be authorized to work in the United States without the need for current or future sponsorship.

Nice To Haves

Statutory accounting familiarity
Experience with process automation and data quality improvements

Responsibilities

Financial leadership, planning & performance: Own NIS reinsurance financials and annual operating rhythm (close calendar, board/leadership reporting cycles). Convert treaty and portfolio performance (ELR, margin, UW profit, float) into clear, actionable insights. Partner with Management, Actuarial, and Program leadership on renewals and capital allocation decisions.
Close, reporting & narratives (oversight): Set standards for monthly/quarterly reinsurance close in accordance with the consolidated close calendar. Ensure accurate consolidation (hierarchy income statements, balance sheet), plus reserve roll forward, reinsurance cash activity, collateral/investment schedules and program summaries. Drive discipline and prevent rework through QA and signoffs.
Treaty lifecycle (premium, losses, settlements): Establish the end-to-end treaty accounting governance: bordereau intake, validation, earned vs written premium, UEPR, and LAE treatment. Set SLAs with brokers/carriers, approve settlements/refunds/cash calls, and lead resolution of structural variances and data integrity issues. Maintain the treaty controls library (desk procedures, checklists, risk/control matrices).
Capital, collateral & treasury (trusts/bonds/cash): Oversee collateral trust and investment reporting (cash, bonds, valuations), ensuring alignment with treaty and regulatory requirements. Coordinate with Investments on liquidity and yield within risk constraints.
Actuarial, reserving & regulatory coordination: Partner with Actuarial on loss picks, ELR movements, and reserve adequacy; ensure consistent, timely incorporation into financials. Oversee actuarial report/SAO submissions and the evidence trail for regulatory inquiries. Maintain a calendar for regulatory filings and related governance artifacts.
Controls, audit & compliance ownership: Own outcomes for internal audits over reinsurance; remediate gaps; evidence control performance. Embed preventative controls in workflows (segregation of duties, approvals, data checks) and monitor via KPIs (e.g., recon aging, error rates).
Data, systems & automation: Lead the BDX/data automation roadmap to book actuals. Sponsor tool improvements (data quality rules, reconciliation engines, version control, artifact indexing) and drive adoption.
Executive & board communication: Prepare executive briefs and board materials; present results, risks, and recommendations concisely. Serve as the senior finance interface to internal leaders on treaty performance.