Reinsurance Accounting Analyst: Ceded Close & Regulatory

Markel; Richmond (VA); On-site; USD 62,000 - 107,000; Full time

Job summary

Markel seeks a detail-oriented accounting professional to manage monthly reinsurance cessions, general ledger entries, and SOX controlled processes within the Ceded Close & Regulatory team.

You will collaborate with Reinsurance Operations, IT, Actuarial, and Finance to ensure accurate reporting, strong controls, and timely closes, with opportunities to lead system enhancements and data analyses.

Qualifications

• Bachelor’s degree in Accounting, Finance, or a similar field.
• 1+ years of relevant experience.
• Experience in the insurance and/or reinsurance industry preferred.

Responsibilities

• Own the accuracy and completeness of monthly reinsurance cessions, including system-generated and manually booked cessions.
• Participate in ensuring the accuracy and timeliness of monthly and quarterly accounting functions, including cession analysis and complex manual reinsurance calculations.
• Prepare and upload general ledger and data warehouse entries, including adjusting journal entries, and support monthly general ledger close and reporting deliverables.
• Perform monthly reinsurance balance sheet account reconciliations, including identification and remediation of issues in compliance with SOX control and audit requirements.
• Prepare monthly and quarterly financial reporting and variance analysis packages.
• Understand reinsurance treaty contract language pertaining to accounting and contractual requirements, as applicable.
• Ensure effective SOX controls are maintained and followed, and maintain adherence to department processes and procedures.
• Assist with internal and external audit reviews, as needed.
• Work closely with Reinsurance Operations and other functional areas, including Global Ceded Re, Actuarial, Underwriting, Claims, IT, Finance, and Close Control & Reporting, to resolve issues and support achievement of business goals.
• Lead or assist with special projects, system enhancements, systems integration, testing, data pulls, and ad hoc reporting requests, as needed.
• Collaborate with teammates and management to identify, design, and implement systematic process improvements for greater efficiency, effectiveness, execution, and analysis.
• Participate in other strategic accounting and business projects as they arise.

Skills

Reinsurance accounting

General ledger

SOX control

Data analysis

Excel proficiency

Oracle

SQL

Power BI

Alteryx

Team collaboration

Education

Bachelor's degree in Accounting, Finance, or similar field

Tools

Oracle

Smart View

Alteryx

Power BI

SQL

Job description

Markel seeks a detail-oriented accounting professional to manage monthly reinsurance cessions, general ledger entries, and SOX controlled processes within the Ceded Close & Regulatory team.

You will collaborate with Reinsurance Operations, IT, Actuarial, and Finance to ensure accurate reporting, strong controls, and timely closes, with opportunities to lead system enhancements and data analyses.