Senior Reinsurance Accountant

MGIC • Milwaukee, WI

4d • Hybrid

About The Position

At MGIC, we take pride in knowing that what we do matters. As pioneers of private mortgage insurance, we help people achieve homeownership sooner - making affordable low-down-payment mortgages a reality. Our efforts have helped more than 14 million people get the keys to their own homes sooner than otherwise possible. Every position is critical to our company's success - from the analytical to the technical; from the innovative to the operational. The customer-facing roles to behind-the-scenes experts, we're all part of one team. We're an organization with a national footprint that's large enough to never lack for a new challenge, but small enough for an opportunity to make an impact and influence decisions. Come make a difference at MGIC. This position is based in Milwaukee, WI. Hybrid environment 3 days in office, 2 days remote. How will you make an impact? As a senior accountant, you will be a part of the Reinsurance team that is responsible for monitoring, managing, and reporting on our reinsurance agreements, as well as providing analytical information to Finance leaders to aid in their decision-making processes. This is accomplished by: Being responsible for all processes related to the cession and assumption of premium and/or losses in compliance with MGIC’s reinsurance programs Generating monthly and quarterly reports for analysis of reinsurance premiums, losses, and exposure, etc. for use by management and reinsurers Obtaining an understanding of the reinsurance system. Providing assistance as needed on any enhancements or upgrades to the reinsurance system Obtain an understanding of MGIC’s reinsurance function and its relation to other departments as well as understanding our reinsurance programs Performing monthly analysis and reconciliation of designated general ledger accounts. Analyzing and researching variances as well as providing logical/concise explanations for variances and/or fluctuations in a timely manner Working with internal and external auditors by preparing replies to inquiries Ensuring accurate reinsurance and accounting control procedures are maintained

Requirements

• Bachelor’s degree
• More than 5 years relevant experience in accounting, analytical analysis
• Like to learn new technologies
• Are a self-starter and team player
• Can manage complexity
• Have experience working with cross functional departments to research and resolve issues

Nice To Haves

• Accounting or Finance degree a plus
• CPA license a plus

Responsibilities

• Being responsible for all processes related to the cession and assumption of premium and/or losses in compliance with MGIC’s reinsurance programs
• Generating monthly and quarterly reports for analysis of reinsurance premiums, losses, and exposure, etc. for use by management and reinsurers
• Obtaining an understanding of the reinsurance system.
• Providing assistance as needed on any enhancements or upgrades to the reinsurance system
• Obtain an understanding of MGIC’s reinsurance function and its relation to other departments as well as understanding our reinsurance programs
• Performing monthly analysis and reconciliation of designated general ledger accounts.
• Analyzing and researching variances as well as providing logical/concise explanations for variances and/or fluctuations in a timely manner
• Working with internal and external auditors by preparing replies to inquiries
• Ensuring accurate reinsurance and accounting control procedures are maintained

Benefits

• Competitive Salary & pay-for-performance bonus
• Financial Benefits (401k with company match, profit sharing, HSA, wellness program)
• On-site Fitness Center and classes (corporate office)
• Paid-time off and paid company holidays
• Business casual dress

What This Job Offers

• Job Type: Full-time
• Career Level: Senior