Reinsurance Accountant II

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

Benefits offered by this job

Health insurance

401(k) plan with company matching

Pension plan

Paid time off

Job summary

Protective Life is seeking a Reinsurance Accounting Analyst II to support accounting for coinsurance and reinsurance partners. The role involves journal entries, reconciliations, and reporting packages, with collaboration across accounting, actuarial and auditors.

SAP, Excel, Power Query/Automate/BI and Copilot are leveraged to enhance accuracy and efficiency. The position is hybrid, reporting to the office three days a week, offering exposure to life insurance reinsurance in a collaborative

Qualifications

• Bachelor's degree in accounting or related field.
• 3+ years in accounting, preferably in insurance or reinsurance.
• Experience with journal entries, reconciliations and reporting deliverables.
• Strong analytical/problem-solving abilities and communication skills.
• Proficiency with Excel and Microsoft 365 apps.

Responsibilities

• Prepare and record monthly and quarterly accounting activity for coinsurance/reinsurance.
• Produce settlement statements, journal entries, and reconciliations.
• Analyze results, explain variances, and document supporting data.
• Collaborate with teams to improve reporting accuracy and automation.
• Support audits and regulatory reporting tasks as needed.
• Assist with new acquisitions and reinsurance treaty implementations.

Skills

General accounting

Data analysis

Excel

Power BI

Cross-functional

Attention to detail

Communication

Auditing

Education

Bachelor's degree in Accounting

Tools

SAP

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.

We help protect our customers against life’s uncertainties. Regardless of where you work within the company, you’ll be helping 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

Employee Benefits

We aim to protect the wellbeing of our employees and their families with a broad benefits offering. In addition to offering comprehensive health, dental and vision insurance, we support emotional wellbeing through mental health benefits and an employee assistance program. Work/life balance is important and Protective offers a variety of paid time away benefits (e.g., paid time off, paid parental leave, short-term disability, and a cultural observance day). The financial health of our employees is just as important as physical and emotional health. Some of the financial wellbeing benefits include contributions to healthcare accounts, a pension plan, and a 401(k) plan with Company matching. All employees are encouraged to protect their overall wellbeing by engaging in ProHealth Rewards, Protective’s platform to improve wellbeing while earning cash 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 email [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.

We may use artificial intelligence (AI) tools to support parts of the hiring process, such as reviewing applications, analyzing resumes, or assessing responses and identifying potential inconsistencies or verification signals in application materials based on available information. These tools assist our recruitment team but do not replace human judgment. Final hiring decisions are ultimately made by humans. If you would like more information about how your data is processed, please contact us.

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.