Reinsurance Accountant II

Protective; Birmingham (AL); Hybrid; USD 70,000 - 85,000; Full time

Benefits offered by this job

Health insurance

Dental insurance

Vision insurance

401(k) plan with Company matching

Job summary

Protective is seeking a Reinsurance Accounting Analyst II to join our Reinsurance Accounting team. This hybrid role supports accounting and reporting for coinsurance and reinsurance partners, ensuring accuracy in monthly, quarterly, and annual closes.

The ideal candidate has a solid accounting foundation, strong analytical and communication skills, and will collaborate with internal teams, external partners, and auditors.

Qualifications

• Bachelor's degree in Accounting required.
• Minimum 3 years of accounting experience in public, corporate, or insurance accounting.
• Experience preparing journal entries, reconciliations, and financial reporting deliverables.

Responsibilities

• Prepare and record monthly and quarterly accounting activity for coinsurance and reinsurance.
• Complete monthly, quarterly, and annual deliverables including settlement statements and reporting packages.
• Analyze financial results, investigate variances, and provide explanations with supporting documents.
• Partner with teams to resolve issues and improve reporting accuracy.
• Assist with statutory reporting and audits; support new acquisitions and reinsurance treaties.

Skills

Accounting fundamentals

Analytical thinking

Communication skills

Time management

Independent work

Education

Bachelor's degree in Accounting

Tools

SAP

Excel

Power Query

Power Automate

Power BI

Microsoft Copilot

Job description

The work we do has an impact on millions of lives, and you can be a part of it.

Wehelp protect our customers against life’s uncertainties.Regardless ofwhere you work within thecompany, you’ll behelping provide protection and peace of mind when our customers need it most.

Protective is seeking a Reinsurance Accounting Analyst II to join our Reinsurance Accounting team. This role is responsible for supporting the accounting and reporting activities for multiple coinsurance and reinsurance partners while ensuring the accuracy and integrity of financial results. The position plays a key role in monthly, quarterly, and annual close processes through the preparation of journal entries, account reconciliations, settlement statements, and reporting packages.

The ideal candidate combines a strong accounting foundation with excellent analytical and communication skills. This individual will partner with internal business teams, external reinsurance partners, and auditors while contributing to process improvement and automation initiatives through tools such as SAP, Excel, Power Query, Power Automate, Power BI, and Microsoft Copilot. This is an excellent opportunity for an accounting professional seeking exposure to life insurance and reinsurance accounting in a collaborative and evolving environment.

This is a Hybrid role which reports to the office 3 times a week.

Key Responsibilities:

• Prepare and record monthly and quarterly accounting activity for assigned coinsurance and reinsurance agreements.
• Complete monthly, quarterly, and annual deliverables, including settlement statements, reporting packages, journal entries, and account reconciliations.
• Analyze financial results and trends, investigate variances, and provide clear explanations and supporting documentation.
• Partner with accounting, actuarial, valuation, business systems, and reinsurance administration teams to resolve issues and improve reporting accuracy.
• Support the implementation of accounting processes for new acquisitions and reinsurance treaties.
• Serve as a primary contact for internal stakeholders, external reinsurance partners, and auditors.
• Support quarterly and annual audit activities by providing requested documentation and responding to inquiries.
• Assist with statutory reporting requirements, including Schedule S and related exhibits as assigned.
• Identify opportunities to improve efficiency and automate recurring processes using Excel, Power Query, Power Automate, SAP, and Microsoft Copilot.
• Maintain process documentation and job aids to support operational excellence and knowledge sharing.
• Cross-train with team members to enhance business continuity and support critical deliverables.
• Perform additional accounting and financial analysis responsibilities as needed

Core Competencies (Skills, Knowledge and Abilities):

• Strong understanding of general accounting principles and financial reporting concepts.
• Ability to analyze large data sets, identify trends, and investigate complex variances.
• Advanced proficiency in Microsoft Excel, including data analysis and reporting.
• Demonstrated interest in process automation, continuous improvement, and technology-driven solutions.
• Strong organizational and time management skills with the ability to manage multiple deadlines.
• Ability to work independently while collaborating effectively across teams.
• Excellent verbal and written communication skills with the confidence to interact with external business partners.
• High attention to detail and commitment to accuracy.
• Strong critical thinking and problem-solving capabilities.
• Adaptability and willingness to learn complex insurance and reinsurance accounting concepts

Minimum Requirements

• Bachelor's degree in Accounting.
• Minimum of 3 years of accounting experience in public accounting, corporate accounting, insurance accounting, or a related field.
• Experience preparing journal entries, account reconciliations, and financial reporting deliverables.
• Strong analytical and problem-solving skills.
• Proficiency in Microsoft Excel and Microsoft 365 applications.
• Demonstrated ability to manage multiple priorities and meet established deadlines.
• Strong interpersonal and communication skills.
• Ability to work independently and as part of a collaborative team.

Preferred Qualifications

• Experience within the life insurance, annuity, reinsurance, or broader financial services industry.
• Familiarity with coinsurance and reinsurance treaty structures.
• Experience working with SAP, including general ledger and reporting functionality.
• Experience using Power Query, Power Automate, Power BI, and/or Microsoft Copilot.
• Knowledge of GAAP and Statutory accounting principles.
• Experience supporting Schedule S reporting and regulatory filings.
• Familiarity with reinsurance administration systems such as TAI or similar platforms.
• CPA designation or progress toward CPA certification.

$70,000 - $85,000 a year

Protective’s targeted salary range for this position is $70,000 to $85,000. Actual salaries may vary depending on factors, including but not limited to, job location, skills, and experience. The range listed is just one component of Protective’s total compensation package for employees.

The internal title for this role is Analyst II General Accounting. #LI-AP1

Employee Benefits:

• comprehensive health insurance
• dental insurance
• vision insurance
• mental health benefits
• employee assistance program
• paid time off
• paid parental leave
• short-term disability
• cultural observance day
• contributions to healthcare accounts
• pension plan
• 401(k) plan with Company matching
• ProHealth Rewards

Eligibility for certain benefits may vary by position in accordance with the terms of the Company’s benefit plans.

Accommodations for Applicants with a Disability:

If you require an accommodation to complete the application and recruitment process due to a disability, please [e-mail]. This information will be held in confidence and used only to determine an appropriate accommodation for the application and recruitment process.

Please note that the above email is solely for individuals with disabilities requesting an accommodation. General employment questions should not be sent through this process.

We are proud to be an equal opportunity employer committed to being inclusive and attracting, retaining, and growing an inclusive workforce.