Intermediate Accountant - Reinsurance

Kuvare Holdings; Des Plaines (IL); On-site; USD 60,000 - 80,000; Full time

Job summary

Kuvare Holdings is seeking an Intermediate Reinsurance Accountant based in Des Plaines, Illinois. The individual will be responsible for accurate recording of transactions and preparation of reconciliations alongside various management reports.

Key responsibilities include managing reinsurance billings, preparing journal entries, and assisting with client audits. A Bachelor's degree in Accounting or Finance and strong organizational skills are essential for this role.

Qualifications

• Bachelor's degree in Accounting/Finance or equivalent experience required.
• Proven understanding of reinsurance administration.
• PC literacy with knowledge of technological tools.

Responsibilities

• Prepare accounting & reporting for Reinsurance.
• Prepare journal entries and post to accounting systems.
• Prepare monthly direct and ceded claims reconciliations.

Skills

Strong organizational skills

Excellent interpersonal skills

Proficiency in Microsoft Office

Education

Bachelor's degree in Accounting/Finance or equivalent experience

Tools

TAI

Job description

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 is responsible for the preparation of settlement statements, including follow-up with external clients for any resolution. Assistance may be provided to support client inquiries, client audits, internal and external audits along with 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

Experience

• 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

Skills/Competencies

• 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
• Proficient in Microsoft Office, etc.
• 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