Reinsurance Finance Director

Global Accounting Network Limited

United States

Hybrid

USD 180,000 - 260,000

Full time

11 days ago

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Job summary

Global Accounting Network Limited seeks a senior finance professional to oversee financial analysis, governance, and risk across an MGA/program and reinsurance portfolio. This role drives forecasting, collateral oversight, and executive-level reporting to support strategic decisions in a complex insurance environment.

The ideal candidate will collaborate with Finance, Treasury, Underwriting, Reinsurance, Risk, Legal, Accounting, Claims, and Program Management, leading a hybrid team and

Qualifications

  • 10+ years in insurance finance, reinsurance, FP&A, treasury, or related areas.
  • Bachelor's degree in Finance, Accounting, Economics; advanced credentials are a plus.
  • Direct experience with insurance and reinsurance finance.
  • Experience evaluating MGA, program, delegated authority, or similar insurance business.
  • Strong experience with financial modeling, forecasting, budgeting, profitability analysis.
  • Knowledge of reinsurance structures, recoverables, collateral arrangements, letters of credit.
  • Experience assessing counterparty credit risk, liquidity, capital utilization, and financial exposure.
  • Experience with executive-level financial reporting to senior leadership.
  • Experience mentoring finance/accounting professionals.
  • Strong analytical, communication, presentation, and stakeholder-management skills.
  • Ability to challenge financial assumptions and communicate risk clearly to senior decision-makers.
  • Strong organizational and project management capabilities.
  • Experience leading remote or hybrid teams is a plus.

Responsibilities

  • Lead financial reviews of new, renewed, and existing MGA/program business.
  • Evaluate program economics, including premium, commissions, fees, expenses, taxes, reinsurance structures, collateral requirements, and projected profitability.
  • Partner with cross-functional teams to evaluate financial readiness and risks before program launch or renewal.
  • Oversee collateral requirements and monitoring, including letters of credit, trusts, funds withheld arrangements, and reinsurance recoverables.
  • Monitor reinsurer credit quality, financial strength, counterparty exposure, and recoverability.
  • Oversee quarterly reinsurance reporting, including Schedule F, collateral reporting, and related financial analysis.
  • Develop forecasts, profitability analyses, dashboards, and executive-level financial reporting.
  • Present financial findings and recommendations to senior leadership and relevant governance or risk committees.
  • Monitor program performance against forecasts and identify emerging financial risks or opportunities.
  • Establish and maintain appropriate financial controls, documentation, governance processes, and review standards.
  • Manage and develop a Senior Reinsurance Accountant responsible for reporting, collateral monitoring, and forecasting.
  • Provide independent financial recommendations regarding program profitability, risk, collateral exposure, and overall financial readiness.
  • Identify opportunities to improve forecasting, reporting, collateral monitoring, and financial governance processes.

Skills

Financial modeling
Forecasting
Profitability analysis
Executive reporting
Reinsurance knowledge
Collateral management
Counterparty risk
Stakeholder management
Leadership
Project management

Education

Bachelor's degree in Finance, Accounting, or Economics
Professional certifications

Job description

We are seeking a senior finance professional to oversee financial analysis, governance, and risk assessment across an insurance organization's MGA/program and reinsurance portfolio. This role will evaluate new and existing business opportunities, assess financial performance and collateral requirements, and provide recommendations to senior leadership.

The position works closely with Finance, Treasury, Underwriting, Reinsurance, Risk, Legal, Accounting, Claims, and Program Management. The Finance Director will have significant responsibility for financial modeling, forecasting, reinsurance reporting, collateral oversight, profitability analysis, and executive-level reporting.

Hybrid 2 days/week - New York, NY 10019

Key Responsibilities
  • Lead financial reviews of new, renewed, and existing MGA/program business.
  • Evaluate program economics, including premium, commissions, fees, expenses, taxes, reinsurance structures, collateral requirements, and projected profitability.
  • Partner with cross-functional teams to evaluate financial readiness and risks before program launch or renewal.
  • Oversee collateral requirements and monitoring, including letters of credit, trusts, funds withheld arrangements, and reinsurance recoverables.
  • Monitor reinsurer credit quality, financial strength, counterparty exposure, and recoverability.
  • Oversee quarterly reinsurance reporting, including Schedule F, collateral reporting, and related financial analysis.
  • Develop forecasts, profitability analyses, dashboards, and executive-level financial reporting.
  • Present financial findings and recommendations to senior leadership and relevant governance or risk committees.
  • Monitor program performance against forecasts and identify emerging financial risks or opportunities.
  • Establish and maintain appropriate financial controls, documentation, governance processes, and review standards.
  • Manage and develop a Senior Reinsurance Accountant responsible for reporting, collateral monitoring, and forecasting.
  • Provide independent financial recommendations regarding program profitability, risk, collateral exposure, and overall financial readiness.
  • Identify opportunities to improve forecasting, reporting, collateral monitoring, and financial governance processes.Maintain compliance with applicable insurance, regulatory, financial crime, sanctions, licensing, and other legal requirements.
Required Background
  • 10+ years of progressive experience in insurance finance, reinsurance, FP&A, treasury, financial analysis, collateral management, or related areas.
  • Bachelor's degree in Finance, Accounting, Economics, or a related discipline preferred. Advanced credentials or relevant professional certifications are a plus.
  • Direct experience with insurance and reinsurance finance.
  • Experience evaluating MGA, program, delegated authority, or similar insurance business strongly preferred.
  • Strong experience with financial modeling, forecasting, budgeting, profitability analysis, and business-case evaluation.
  • Demonstrated knowledge of reinsurance structures, recoverables, collateral arrangements, letters of credit, trusts, and ceded balances.
  • Experience assessing counterparty credit risk, liquidity, capital utilization, and financial exposure.
  • Experience with executive-level financial reporting and presenting recommendations to senior leadership.
  • Experience overseeing or mentoring finance/accounting professionals.
  • Strong analytical, communication, presentation, and stakeholder-management skills.
  • Ability to challenge financial assumptions and communicate risk clearly to senior decision-makers.
  • Strong organizational and project management capabilities.
  • Experience leading remote or hybrid teams is a plus.
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