Senior Accountant

MSIG Holdings•Warren, NJ

3d•$85,000 - $105,000

About The Position

The Senior Accountant is responsible for accounting and reporting for direct and program business across MSIG USA’s three insurance companies. The role supports statutory financial reporting, reinsurance accounting and analysis, deductible accounting, and accounting for the Products Liability Third Party Administrator (PL TPA) claims unit. It also includes analyzing company results and financial position, maintaining assigned accounts and procedures, supporting audits and regulatory filings, and providing backup and project support to the accounting department.

Requirements

Bachelor’s degree in Accounting.
At least 5 years of accounting experience.

Nice To Haves

Property and casualty insurance experience.

Responsibilities

Prepare journal entries, reconcile accounts, and research and document fluctuations for direct and program business across three insurance companies.
Research and document reinsurance matters; reconcile reinsurance balance-sheet accounts quarterly; scrutinize reinsurance results and monitor open balances; and provide receipt information to Treasury.
Perform accounting for the PL TPA claims unit, including monthly journal entries and balance-sheet reconciliations, and follow up on open balances.
Complete quarterly parent-company reporting, including the Accreditation report and Letter of Credit estimation.
Handle deductible accounting, including loss conversion factor and nonadmitted calculations.
Prepare assigned regulatory reporting schedules for NAIC Annual and Quarterly Statements for three insurance companies, including notes to financial statements, general interrogatories, Schedule P, and Part 3 for assigned books of business.
Complete assigned Asset Impairment Test documents for aged ceded losses recoverable balances and PL TPA receivables.
Participate in external financial audits and reviews, and respond to applicable audit requests accurately and on time.
Handle assigned state annual statement filing requirements, including state-specific Special Schedule Ps, and coordinate the annual Ambest SRQ filing.
Perform annual Letter of Credit estimation for applicable reinsurers.
Document and maintain procedures for assigned responsibilities.
Research, interpret, and apply statutory literature to support regulatory compliance.
Analyze corporate results, perform trend analysis, research issues of strategic significance, and prepare financial models.
Maintain the integrity of assigned balance-sheet and income-statement accounts through reconciliations.
Acquire thorough knowledge of the Corporation’s General Ledger and Annual Statement systems and take a lead role in supporting them.
Act as backup for other accounting department functions.
Provide general support to department managers, including reviewing staff work, researching, and creating reports.
Support special projects and corporate initiatives as needed.