Intermediate Accountant - Reinsurance

Kuvare U.S. Holdings, Inc.; Cedar Rapids (IA); On-site; USD 55,000 - 75,000; Full time

Job summary

Kuvare U.S. Holdings, Inc. is seeking an Intermediate Reinsurance Accountant responsible for recording transactions, preparing reconciliations, and managing financial reports. The role includes ensuring adherence to internal controls and preparing regulatory schedules.

The ideal candidate has a Bachelor's degree in Accounting or Finance, strong organizational skills, and the ability to work independently. The position offers some flexibility with occasional travel.

Qualifications

• Bachelor's degree or equivalent experience in Accounting/Finance.
• Knowledge of technological tools for data mining and automation.
• Proven understanding of reinsurance administration.

Responsibilities

• Prepare accounting and reporting for Reinsurance.
• Assist with monthly claims reconciliations.
• Responsible for adherence to internal controls.

Skills

PC literacy

Strong organizational skills

Excellent interpersonal skills

Attention to detail

Ability to work independently

Education

Bachelor's degree in Accounting/Finance

Tools

TAI

Job description

Kuvare is on a mission to serve hardworking consumers overwhelmed by the complexities of retirement. We provide a unified financial hub that protects the retirement of everyday Americans and the distributors, carriers, and investors that serve them. We create life insurance and annuity products that protect consumers’ retirements, and we simplify them for distributor partners and financial professionals to sell and service.

Kuvare family of companies

• Retail Annuity and Life Insurance Solutions: United Life Insurance Company, Guaranty Income Life Insurance Company, Lincoln Benefit Life
• Institutional Insurance: Kuvare Life Re
• Bespoke Insurance Solutions: Ignite Partners

About the role

The Intermediate Reinsurance Accountant is responsible for the timely and accurate recording of transactions, and preparation/review of reconciliations, financial statements, and various management reports. This position also prepares settlement statements, including follow-up with external clients for any resolution, and may provide support for client inquiries, client audits, internal and external audits, and other ad hoc requests.

What you’ll do

• Prepares accounting & reporting for Reinsurance. This includes review of reinsurance billings/premium trends, preparation of periodic settlement reports and distribution of reporting packages to external reinsurers
• Prepares journal entries and posts to accounting systems, research and clear suspense timely
• Prepares monthly direct and ceded claims reconciliations from TPAs to general ledger and data warehouse.
• Assist both Claims and Actuarial quarterly to determine outstanding accruals and coordination with release of reserves.
• Performs data queries on various claim, premium and expense data.
• Work is done in conjunction with review of exception reports, details in suspense, etc.
• Assists with development of appropriate commentary and explanations for submission to management for quarterly Management Reporting Package and other ad hoc requests (external and internal)
• Responsible for the adherence to the company’s framework of internal controls
• Preparation of regulatory schedules at year end (Schedule S, EX1, EX8 and Schedule T and other supplemental schedules pertaining to reinsurance)

Qualifications

• Bachelor’s degree or equivalent experience in Accounting/Finance related discipline
• PC literacy with knowledge of technological tools, ability to support data mining exercises, automation of spreadsheets; knowledge of TAI is desirable
• Proven understanding of reinsurance administration or demonstration of ability to comprehend
• Strong organizational skills with elevated level of attention to detail
• Demonstrated persistency and ability to deliver results under pressure
• Excellent interpersonal, verbal communication and proofreading skills
• Must be a flexible self-starter who can prioritize tasks, follow through and meet deadlines
• Ability to work independently with minimal supervision

Physical Demands

• Normal office working environment, full time with some flexibility
• Occasional evening and weekend hours to meet deadlines
• Occasional travel is required
• Ability to type / perform data entry
• Ability to read from a computer screen and paper reports
• Express ideas and otherwise communicate with the spoken word