Oliver James is currently supporting a rapidly growing managing general underwriter (MGU) specializing in a diverse range of insurance products, including transactional insurance, specialty casualty, management liability, professional liability, cyber, and reinsurance.

The Senior Reinsurance Accountant position represents a dynamic opportunity to contribute to a growing team, leveraging expertise in reinsurance accounting to ensure operational excellence and compliance.

This is a hybrid opportunity and compensation varies on candidate experience. The range of base salary is $80-$125k base + bonus potential.

Senior Reinsurance Accountant

Main Responsibilities:

Manage all phases of reinsurance accounting and reporting, including treaty setup, quarterly and year-end technical result recording, and reconciliation of reinsurance transactions.
Monitor and clear cash and receivable control accounts, resolving discrepancies and addressing unallocated cash promptly.
Calculate and initiate settlements in compliance with reinsurance agreements, ensuring accurate technical bookings in line with applicable accounting standards (e.g., IFRS).
Process and allocate premiums, claims, and brokerage payments, including adjustments for excess of loss and pro rata treaties.
Coordinate with underwriters, finance, operations, and claims to gather necessary information and resolve discrepancies.
Ensure timely and accurate reporting, collaborating with brokers to address gaps and ensure compliance with contractual terms.
Maintain and enhance systems for organizing invoices, broker communications, and reconciliation processes to improve efficiency.
Develop and implement procedures to reconcile system information with broker data, ensuring accuracy and compliance.
Provide accounting support to internal teams such as Business Development, Actuarial, and Underwriting.

Data Analysis and Process Improvement:

Analyze data to assess the financial impact of reinsurance agreements.
Maintain and refine the internal control framework, suggesting process improvements where appropriate.

Position Requirements:

Professional accounting designation (e.g., CA, CPA) with at least five years of relevant post-qualification experience in reinsurance accounting.
Strong understanding of reinsurance structures, contracts, and the associated accounting principles.
Proficiency with financial systems and tools, including Microsoft Office (Excel), SAP, and Power BI, with familiarity in reinsurance-focused systems being an asset.
Demonstrated ability to develop and maintain successful relationships with brokers and internal stakeholders.
Ability to work independently, solve problems, and develop procedures to address complex finance-related issues.
Excellent organizational, time-management, and communication skills (both written and verbal).
Keen attention to detail and ability to multi-task under pressure.

For more information, please apply using the prompts provided or reach out to Stephanie Hidalgo at Oliver James via stephanie.hidalgo@oliverjames.com

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