Senior Alternative Risk Accountant - Eatontown, NJ or Remote

Crum & Forster • Eatontown, NJ

5d • $50,600 - $95,300 • Remote

About The Position

As a member of the Finance team, this position provides support for the oversight of all Captive and Fronting business. This includes Captive Employer Stop Loss (ESL) business within the Medical Business Unit (MBU), Fronting within the Specialty Business Unit (SBU), our direct writer captive facility, and our reinsurance facility. This position will coordinate amongst shared services and business units to ensure alignment on process, controls, risk appetite, and financial reporting. Other responsibilities include onboarding new partners, preparing template bordereaux’s that can be leveraged across the business, managing collateral requirements, assessing credit risk, and ensuring proper financial accounting and reporting. Collaboration with colleagues is critical to achieving divisional goals.

Requirements

• Operational insurance and reinsurance experience
• Knowledge of underwriting reporting and financial concepts, as well as accounting principles (e.g. IFRS & Statutory reporting)
• Exhibits strong aptitude for coordinating across multiple shared service areas and business units
• Possesses strong communication and analytical skills with a high level of accuracy
• Excellent organizational and time management abilities with capacity to multi-task
• Proven competence to work independently and manage multiple priorities effectively
• Demonstrates strong presentation capabilities and a solutions and service orientation
• Bachelor's degree in Accounting, Finance, or a related field from an Accredited institution required
• 3+ years of experience working in an operational/financial role required
• Demonstrated experience with audit coordination and preparation of supporting schedules
• Proficient with use of computers and Microsoft Office including Outlook, Word, Excel and PowerPoint
• Travel may be required

Responsibilities

• Support the administration of our internal reinsurance captive facility to ensure all 3 rd party cells are capitalized and collateralized sufficiently and in compliance with regulatory requirements at all times.
• Monitor initial and ongoing collateral requirements to ensure C&F isn’t exposed at any one point, which includes performing a quarterly collateral analysis and executing annual confirmations.
• Execute established workflows related to the sale of business all the way through reporting, accounting, and financial review, ensuring accuracy and timeliness.
• Prepare, review, and reconcile fronting business cession statements to ensure accurate reporting of ceded premiums and claims.
• Analyze collateralization, credit risk, deal construct, and financial health of partner and/or 3 rd party reinsurer.
• Organize and provide documentation for annual audits performed on our internal reinsurance and direct writer captive facilities.
• Coordinate communication with key stakeholders to support a seamless review and sign-off process.

Benefits

• Competitive compensation package
• Generous 401K employer match
• Employee Stock Purchase plan with employer matching
• Generous Paid Time Off
• Excellent benefits that go beyond health, dental & vision. Our programs are focused on your whole family’s wellness, including your physical, mental and financial wellbeing
• A core C&F tenet is owning your career development, so we provide a wealth of ways for you to keep learning, including tuition reimbursement, industry-related certifications and professional training to keep you progressing on your chosen path
• A dynamic, ambitious, fun and exciting work environment
• We believe you do well by doing good and want to encourage a spirit of social and community responsibility, matching donation program, volunteer opportunities, and an employee-driven corporate giving program that lets you participate and support your community
• At C&F you will BELONG

What This Job Offers

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