Senior Reinsurance Accountant

Berkley•Stamford, CT

30d

About The Position

The Senior Reinsurance Accountant is responsible for overseeing the end-to-end operational and accounting processes related to assumed and ceded treaties assigned from the reinsurance portfolio. This role ensures the integrity of financial data, supports strategic reinsurance initiatives, and manages his/her timely processing of assigned reinsurance transactions. The ideal candidate will bring deep technical knowledge of assumed and ceded reinsurance and strong leadership capabilities, with a mindset for continuous improvement.

Requirements

A bachelor’s degree in finance or accounting is preferred - an associate’s degree is the minimum.
Minimum of 5 years’ experience in reinsurance operations - Facultative and Treaty.
Industry knowledge and a strong understanding of assumed and ceded reinsurance accounting concepts.
The ability to understand and interpret complex reinsurance contracts.
Deep understanding of reinsurance structures (quota share, excess of loss, facultative, etc.).
Strong Communication skills with the ability to express views clearly in both oral and written form to finance, underwriting, actuarial and claims executives.
Advanced Excel skills and SQL knowledge.
Experience with Reinsurance Source Systems.
Flexibility – to adapt to changing departmental needs.
Accountability – Understands expectations and is reliable and dependable.
Analytical – Can independently recognize inconsistencies and conclude issues effectively.
A motivated team player with the ability to operate independently with limited supervision

Nice To Haves

Courses in Computer Science and / or Insurance Certifications are a plus.
XLPro system knowledge is a plus.
Exposure to automation tools (e.g., Power BI, RPA) is a plus.

Responsibilities

Review, understand and interpret complex reinsurance treaties, ensure adherence to contractual terms and regulatory requirements.
Accurate and timely recording of assumed and ceded premium, losses and related transactions.
Oversee automated cash applications and manually apply cash transactions as well as the reconciliation of receivables and payables.
Prepare ceded bordereau for distribution.
Maintain reporting and settlement in conjunction with the terms of the contract.
Manage premium receivable aging and follow up with the broker for late reporting, overdue payments and contract related discrepancies.
Assist in calculations of adjustable features, including contingent and sliding scale commissions, including verification to related reinsurance contract.
Preparation of STAT reporting for consolidation, including Schedule F
Support Financial Reporting for general ledger inquiries related to reconciliations & balance sheet analysis.
Handle all inquiries for assigned accounts.
Assist in transformation, project change and implementation.
Support ad hoc activities and projects.