Reinsurance Accountant

Hylant; Pennsylvania; On-site; USD 80,000 - 110,000; Full time

Job summary

Hylant in Pennsylvania seeks a Captive Reinsurance Accountant to support evaluation and management of reinsurance contracts, claims, and relationships with reinsurers. You will prepare technical, financial accounting of premiums, claims, and reserves based on statements of accounts or bordereaux.

Responsibilities include reviewing contracts for policy adherence, processing settlements, generating reports, and advising internal stakeholders on statutory and reinsurance accounting.

Qualifications

• Minimum 3 years of experience in reinsurance accounting or a similar financial area.
• Proficiency in MS Office, especially Excel, Outlook and Teams.
• Fluent English with strong communication and collaboration skills.
• Willingness to travel by car or plane for meetings and conferences.

Responsibilities

• Review and analyze reinsurance contracts for adherence to policies.
• Manage processing and settlement of reinsurance claims accurately and efficiently.
• Generate reinsurance reports and perform analyses to support decisions.
• Advise internal stakeholders on statutory and reinsurance accounting guidance.
• Drive process improvements and standardization; identify inefficiencies.
• Attend training to maintain knowledge of systems, processes, and changes.
• Maintain up-to-date SOPs and training guides with Captive Account Executives.
• Perform other duties and special projects as requested.

Skills

Relationship building

Communication

Fluent English

Education

Bachelor's degree in Accounting or Finance

Tools

Excel

Outlook

Teams

Job description

The Opportunity:

The Captive Reinsurance Accountant role provides crucial support in the evaluation and management of reinsurance contracts, claims, and relationships with reinsurers. The role is key to ensuring compliance with company policies, efficient claim settlement, and effective communication and collaboration with reinsurers. Prepare technical, financial accounting of premium, claim and reserves based on statement of accounts or on bordereaux.

• Review and analyze reinsurance contracts to ensure adherence to company policies and guidelines.
• Manage the processing and settlement of reinsurance claims, ensuring accuracy and efficiency.
• Generate reinsurance reports and conduct analysis to support decision-making.
• Consult internal stakeholders on Statutory and Reinsurance Accounting expertise and guidance.
• Drive continuous process improvement and standardization; actively identify areas for process improvement and inefficiencies.
• Join relevant training sessions to maintain current relevant knowledge and of the system, processes, and changes.
• Keep SOP/training guides up to date for role and processes in collaboration with Captive Account Executives.
• Perform other duties and special projects as requested.

• Bachelor’s degree, preferably Accounting or Finance.
• Minimum of 3 years of experience in reinsurance accounting, insurance or similar financial area.
• Proficiency in MS Office, primarily Excel, Outlook, Teams.
• Skilled at building and maintaining internal and external (carrier) relationships.
• fluent in English.
• Ability and willingness to travel by car or airplane for meetings, conferences, or other business-related functions.

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