Reinsurance Accountant: Accurate Reporting & Settlements

Kuvare Holdings; Des Moines (IA); On-site; USD 65,000 - 90,000; Full time

Job summary

Kuvare is seeking an Intermediate Reinsurance Accountant to ensure timely and accurate recording of transactions, settlements, and reconciliations. You will collaborate with Claims and Actuarial teams and prepare management reporting packages and regulatory schedules.

Role requires strong accounting knowledge, data mining capabilities, and proficiency in Microsoft Office. Occasional travel and flexibility to meet deadlines are expected.

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.

Responsibilities

• 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)

Skills

Organizational skills

Attention to detail

Communication skills

Microsoft Office

Self-starter

Independent work

Education

Bachelor’s degree or equivalent experience in Accounting/Finance related discipline

Tools

TAI

Job description

Kuvare is seeking an Intermediate Reinsurance Accountant to ensure timely and accurate recording of transactions, settlements, and reconciliations. You will collaborate with Claims and Actuarial teams and prepare management reporting packages and regulatory schedules.

Role requires strong accounting knowledge, data mining capabilities, and proficiency in Microsoft Office. Occasional travel and flexibility to meet deadlines are expected.