Sr. Accountant, Ceded Reinsurance

Allied World•Iselin, NJ

About The Position

Allied World Assurance Company Holdings, Ltd, through its subsidiaries, is a global provider of insurance and reinsurance solutions. We operate under the brand Allied World and have supported clients, cedents and trading partners with thoughtful service and meaningful coverages since 2001. We are a subsidiary of Fairfax Financial Holdings, Limited and benefit from a strong capital base and a worldwide network of affiliated entities that allow us to think and respond in non-traditional ways.

Requirements

Bachelor’s Degree, preferably in accounting or finance
Minimum 5 years ceded reinsurance accounting experience
Familiarity with treaty and facultative reinsurance contract terminology
Experience with ceded reinsurance applications
Strong information technology experience including familiarity with Microsoft Office, specifically excel
Experience in the development of efficient systems and processes
Excellent communication skills
Superior organization skills
Proven ability to meet strict reporting deadlines, ability to deal with time pressure

Nice To Haves

CPA or CPA eligible a plus
ARe, CPCU courses a plus

Responsibilities

Ceded Reinsurance Processing
Respond to questions from global departments with regards to ceded reinsurance
Set up of treaty and facultative contracts in the ceded reinsurance system in line with underlying contract terms and conditions
Review of weekly ceded reinsurance claims calculation from the ceded reinsurance system
Review weekly ceded premium result from the ceded reinsurance system
Review of biweekly facultative notice and billing document generation
Along with IT, responsible for initiating weekly and monthly ceded premium and loss calculations
Along with IT, responsible for completing the monthly application close
Assist with the implementation of ceded reinsurance system enhancements
Assist with company expansion into new territories including new product development
Financial External Auditor Support
State Examiner Support
Internal Audit Support