Senior Reinsurance Accounting

Starr Insurance•New York, NY

About The Position

Join Starr, a global leader in commercial insurance with over a century of expertise. We empower our employees to innovate, make impactful decisions, and build lasting client relationships worldwide. At Starr, you'll work in an entrepreneurial culture alongside accessible leaders, leveraging our financial strength and vast industry experience to deliver solutions for our clients, no matter how complex. Grow your career with a rapidly growing company that invests in its people and their ability to drive real progress. We are seeking an experienced and motivated Senior Reinsurance Accountant to join our Reinsurance Accounting team. This position is responsible for the full spectrum of reinsurance accounting cycle, with a particular focus on quota share (QS) accounts and a hybrid mix of both ceded and assumed business types. The ideal candidate will bring a deep understanding of reinsurance accounting principles, excellent data handling skills, and a collaborative approach to working with brokers and other internal and external business partners and stakeholders.

Requirements

Bachelor’s degree in Accounting, Finance, or related field; CPA or similar designation is a plus.
Minimum 5+ years of progressive experience in reinsurance accounting within the property & casualty insurance industry.
Experience of both ceded and assumed reinsurance accounting preferable, with a heavy focus on quota share treaties; experience with XOL and FAC is desirable.
Advanced proficiency in Microsoft Excel (pivot tables, VLOOKUP, formulas, data modeling, etc.) and experience handling complex datasets.
Practical experience with Schedule F and statutory reporting requirements.
Proven experience managing relationships with reinsurance brokers and conducting effective collections and cash application processes.
Excellent analytical, organizational, and prioritization skills, with a strong attention to detail and accountability for results.
Ability to manage multiple deadlines and respond dynamically to changing priorities, particularly under tight time constraints.
Experience with major reinsurance/insurance systems and GL financial packages (e.g., Workday, Great Plains, SAP, or similar platforms) a plus.
Strong communication skills—both written and verbal—with the ability to present complex information clearly and effectively to a range of audiences.
Demonstrated ability to work independently, take initiative, and thrive as part of medium to large team settings.
Positive attitude, professional disposition, and strong commitment to delivering high-quality work in a fast-paced environment.

Nice To Haves

CPA or similar designation is a plus.
Experience with XOL and FAC is desirable.
Experience with major reinsurance/insurance systems and GL financial packages (e.g., Workday, Great Plains, SAP, or similar platforms) a plus.

Responsibilities

Manage the end-to-end accounting process for both ceded and assumed reinsurance contracts, with emphasis on quota share treaties.
Handle complex reinsurance account reconciliations, including exposure to some excess of loss (XOL) and facultative (FAC) agreements as needed.
Establish and maintain strong, proactive relationships with reinsurance brokers to ensure timely collection of aged balances, manage disputes, and promptly resolve account queries.
Manage reinsurance settlements, open recoverable/payable balances and unallocated/unsettled cash.
Oversee the receivables and payables process including collections, aging, and cash applications, ensuring accuracy and timely resolution of outstanding items.
Support the month-, quarter-, and year-end close activities specific to reinsurance, including the preparation and review of journal entries, adjustments, reconciliations, and balance sheet substantiation.
Contribute to special projects, continuous process improvements, and system implementations/enhancements as they relate to reinsurance accounting.
Assist with Sch F (Schedule F) and statutory reporting requirements, ensuring information is accurate, compliant, and delivered within required deadlines.
Contribute in collateral management and adjustment processes and internal/external audit support.
Analyze large datasets for discrepancies, trends, or required adjustments, using advanced Excel skills and other data management tools.
Collaborate closely with internal stakeholders, including underwriting, claims, legal, and finance, to ensure information is complete and accurate.
Prepare and present account status, aging, and reconciliation reports for management and external auditors as necessary.
Identify process improvements and lead initiatives to streamline reinsurance accounting.
Support audit activities and respond to audit requests related to reinsurance accounting in a timely and professional manner.
Support other reinsurance accountants, mentor and train team members, promoting professional development.