Reinsurance Accounting Manager

Vaco by Highspring; Tampa (FL); On-site; USD 110,000 - 140,000; Full time

Benefits offered by this job

Medical, dental, and vision benefits

401(k) retirement plan

Discretionary bonuses

Job summary

A prominent financial services company located in Tampa, FL seeks a Reinsurance Accounting Manager. This critical role involves overseeing all reinsurance-related financial activities, ensuring compliance with treaty provisions, and producing detailed financial reports. Candidates must possess a Bachelor's degree in Accounting or Finance, with at least 5 years of relevant experience, strong analytical skills, and proficiency in Microsoft Excel. The ideal candidate will collaborate with various departments to enhance operational efficiency and accuracy in financial reporting.

Qualifications

• Minimum 5 years of accounting experience, preferably within reinsurance or P&C insurance accounting.
• Working knowledge of NAIC Statutory Accounting Principles (SAP).
• Ability to manage multiple priorities under tight deadlines in a fast-paced environment.
• Experience using SAP, Oracle, or EAS.
• Working knowledge of NAIC SAP.
• Strong analytical, organizational, and problem-solving skills.
• Ability to manage multiple priorities under tight deadlines in a fast-paced environment.

Responsibilities

• Maintain and reconcile ceded premiums, losses, recoverables, and reinsurance payables within the general ledger.
• Prepare and process reinsurance settlements in accordance with treaty terms.
• Support month-end and quarter-end close, including preparation and review of journal entries.
• Monitor reinsurance treaty compliance and reporting standards.
• Support month-end and quarter-end close with reinsurance-related journal entries.
• Prepare reinsurance schedules for statutory financial statements (NAIC Schedule F).
• Monitor collateral requirements and ensure compliance with regulatory and treaty provisions.
• Coordinate with claims, underwriting, and actuarial teams for data alignment.
• Provide detailed reinsurance reports and analyses to management, auditors, and regulators.
• Support large loss and catastrophe reporting.
• Identify process improvements to streamline reinsurance reporting and data quality.
• Stay informed on industry, statutory, and regulatory changes.

Skills

Strong analytical skills

Collaboration

Proficiency in Microsoft Excel

Problem-solving skills

Education

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

Tools

SAP

Oracle

EAS

ProCede

Reinsurance Manager

Duck Creek

Sapiens

Job description

We are seeking a Reinsurance Accounting Manager for our client located in Tampa, FL. The Reinsurance Accounting Manager is a key member of the financial reporting and reinsurance operations team. This role is responsible for the accurate recording, analysis, and reporting of all reinsurance-related financial activity. The position ensures compliance with treaty provisions, statutory reporting requirements, collateral management, and internal financial controls. The ideal candidate will have strong analytical skills, deep knowledge of reinsurance processes, and the ability to collaborate cross-functionally with claims, underwriting, and actuarial teams.

Key Responsibilities

• Maintain and reconcile ceded premiums, losses, recoverables, and reinsurance payables within the general ledger.
• Prepare and process reinsurance settlements, ensuring timely and accurate execution in accordance with treaty terms.
• Review, reconcile, and validate bordereaux submissions for completeness and accuracy.
• Monitor reinsurance treaty compliance, ensuring financial entries align with contractual obligations and reporting standards.
• Support month-end and quarter-end close, including preparation and review of reinsurance-related journal entries.
• Prepare reinsurance schedules for statutory financial statements, including NAIC Schedule F.
• Monitor collateral requirements (e.g., trust balances, LOCs) and ensure compliance with regulatory and treaty provisions.
• Coordinate with claims, underwriting, and actuarial departments to ensure alignment and accuracy of reinsurance data.
• Provide detailed reinsurance reports and analyses to management, auditors, and regulatory examiners.
• Support large loss and catastrophe reporting, including evaluating reinsurance impacts and recoverability.
• Identify and implement process improvements to streamline reinsurance reporting and enhance data quality.
• Stay informed on industry, statutory, and regulatory changes affecting reinsurance accounting.

Qualifications

• Bachelor's degree in Accounting, Finance, or related field.
• Minimum 5 years of accounting experience, preferably within reinsurance or P&C insurance accounting.
• Strong proficiency in Microsoft Excel, including Power Query, Pivot Tables, and advanced formulas.
• Experience using financial accounting systems such as SAP, Oracle, or EAS.
• Working knowledge of NAIC Statutory Accounting Principles (SAP).
• Strong analytical, organizational, and problem-solving skills.
• Ability to manage multiple priorities under tight deadlines in a fast-paced environment.

Preferred Qualifications

• CPA or progress toward CPA.
• Experience in the Property & Casualty insurance industry.
• Familiarity with reinsurance treaty structures (quota share, excess of loss, aggregate, facultative).
• Experience preparing statutory filings and regulatory schedules.
• Experience with reinsurance systems such as ProCede, Reinsurance Manager, Duck Creek, Sapiens, or similar.
• Experience supporting or leading system implementation or upgrade projects.

Determining compensation for this role (and others) at Vaco/Highspring depends upon a wide array of factors including but not limited to the individual's skill sets, experience and training, licensure and certifications, office location and other geographic considerations, as well as other business and organizational needs. With that said, as required by local law in geographies that require salary range disclosure, Vaco/Highspring notes the salary range for the role is noted in this job posting. The individual may also be eligible for discretionary bonuses, and can participate in medical, dental, and vision benefits as well as the company's 401(k) retirement plan. Additional disclaimer: Unless otherwise noted in the job description, the position Vaco/Highspring is filing for is occupied. Please note, however, that Vaco/Highspring is regularly asked to provide talent to other organizations. By submitting to this position, you are agreeing to be included in our talent pool for future hiring for similarly qualified positions. Submissions to this position are subject to the use of AI to perform preliminary candidate screenings, focused on ensuring minimum job requirements noted in the position are satisfied. Further assessment of candidates beyond this initial phase within Vaco/Highspring will be otherwise assessed by recruiters and hiring managers. Vaco/Highspring does not have knowledge of the tools used by its clients in making final hiring decisions and cannot opine on their use of AI products.