Ceded Reinsurance Accounting Supervisor

Insurance Firm; New York (NY); On-site; USD 80,000 - 240,000; Full time

Job summary

A leading company in the insurance sector seeks a Mid-Senior level Reinsurance Accounting Supervisor in New York. The role focuses on managing complex reinsurance accounts, providing financial reporting, and leading a team. Ideal candidates will exhibit strong analytical skills and experience in reinsurance principles.

Qualifications

• Minimum of 5-7 years of experience in reinsurance accounting.
• Proven supervisory experience required.
• In-depth knowledge of reinsurance principles and accounting standards.

Responsibilities

• Preparation of ceded treaty and facultative reinsurance accounts.
• Lead and mentor a Junior Accountant.
• Ensure compliance with company policies and regulatory requirements.

Skills

Analytical skills

Problem-solving

Organizational skills

Leadership

Attention to detail

Communication

Education

Bachelor’s degree in Accounting, Finance, or related field

Tools

Accounting software

Microsoft Office Suite

RiPro

SRM

Job description

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Summary:The Reinsurance Accounting Supervisor will focus primarily on regular and complex treaty quota share accounts. This role ensures accurate and timely financial reporting to our external brokers and markets and maintaining compliance with industry standards and regulations. The ideal candidate will possess strong analytical skills, a deep understanding of reinsurance principles, and the ability to manage multiple priorities in a fast-paced environment.

Key Responsibilities:

• Preparation of ceded treaty and facultative reinsurance accounts, including complex accounts.
• Ensure accurate and timely recording of reinsurance transactions, including premiums, claims, commissions, and other related items.
• Collaborate with Management to confirm accuracy of financial transactions.
• Applying of cash disbursements and receipts in the Reinsurance sub-ledger. Generate Cash Call billings, monitor collections, and prepare aging reports (Receivables/Payables).
• Lead and mentor a Junior Accountant, providing guidance, training, and performance evaluations.
• Foster a collaborative and productive work environment, encouraging professional development and continuous improvement.
• Monitor and manage the reinsurance accounting processes to ensure compliance with company policies and regulatory requirements.
• Various reconciliations and ad-hoc reporting.
• Provide support of upper management reporting, statutory reporting (Schedule F annual yellow books) and assist on any internal/external audits.
• Analyze reinsurance data to identify trends, discrepancies, and opportunities for improvement. Get involved in fixing errors, miscoding or attachment issues working along other Reinsurance departments, individuals, and profit centers.
• Serve as a key point of contact for internal and external stakeholders regarding reinsurance accounting matters.

Qualifications:

• Bachelor’s degree in Accounting, Finance, or a related field.
• Minimum of 5-7 years of experience in reinsurance accounting with Treaty and Facultative account processing, ceded and assumed preferably.
• Proven supervisory experience, with strong leadership and team management skills.
• In-depth knowledge of reinsurance principles, accounting standards, and regulatory requirements.
• Proficiency in accounting software and Microsoft Office Suite, particularly advanced Excel.
• Excellent analytical, problem-solving, and organizational skills.
• Strong attention to detail and accuracy.
• Effective communication and interpersonal skills, with the ability to collaborate across departments and with external partners.
• Ability to multi-task, meet deadlines and prioritize workload.
• Knowledge of Reinsurance platforms such as RiPro (URS) and/or SRM (Sapiens) desirable.

Seniority level

• Seniority level

  Mid-Senior level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Accounting/Auditing and Finance

• Industries

  Software Development

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