Sr. Accountant, Ceded Reinsurance

Allied World•New York, NY

3d•$105,000 - $120,000

About The Position

Responsible for treaty and facultative ceded reinsurance reporting and payable and receivable reconciliation and resolution as well other regulatory reporting duties in the Finance department.

Requirements

Bachelor’s Degree, preferably in accounting or finance
Minimum 5 years financial experience; insurance, accounting, financial services
Exceptional MS excel skills, including pivot tables and lookups.
Effective verbal and written communication skills with ability to work with internal and external clients.
Detail oriented with strong organizational skills and proven ability to meet strict reporting deadlines.
Strong analytical and problem solving skills, time management and ability to work independently and as a member of a team.
Ability to take on tasks with increasing responsibility and to perform with high level of independence in day to day activities and work overtime as required to meet deadlines.

Nice To Haves

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

Responsibilities

Insurance/reinsurance accounting activities as it relates to premiums, losses, deposit accounting, collateral, cash allocations and recoveries.
Accurate and timely treaty bordereau preparation, validation and distribution.
Treaty settlement preparation and collections.
Facultative premium and claim validation, settlement and collections.
Cash application in ceded application; research open cash items.
Researching, reconciling and responding to broker and internal client inquiries.
Monthly confirmation and reconciliation of system generated ceded balances to general ledger source reports.
Quarter and Year End reporting.
Provide support to internal audit and external GAAP auditors as required.
Special projects as needed including data analysis and reconciliations, external reporting and process improvement projects.
Review of aging collection status of outstanding reinsurance recoverables and resolve issues delaying payment.