Reinsurance Reporting Principal

Oliver James Group; Town of Florida (NY); On-site; USD 120,000 - 170,000; Full time

Job summary

Oliver James Group is seeking a Reinsurance Reporting Principal to lead complex financial analysis, forecasting, and reporting across the organization. You will drive bordereaux reporting, develop executive-level financial statements, and provide data-driven insights to support strategic initiatives.

The role requires deep financial expertise, cross-functional collaboration, and leadership to mentor junior analysts and guide key projects.

Qualifications

• Advanced degree in Finance, Accounting, Economics, Mathematics, or related field (MSc, MBA preferred).
• Minimum of 5-7 years of experience in reinsurance accounting, in a principal or senior role.
• Proficiency in advanced Excel, ERP systems, SQL, and other relevant financial software.
• Strong understanding of financial modeling, valuation techniques, and regulatory frameworks.

Responsibilities

• Lead bordereaux reporting and analysis.
• Develop and maintain comprehensive financial reports for key business decisions.
• Prepare high-level monthly, quarterly, and annual financial statements including management reports.
• Analyze historical data to forecast future financial performance and build forecasting models.
• Identify risks in financial processes and propose improvements for mitigating risk.
• Ensure compliance with regulatory requirements and internal controls; collaborate with auditors.
• Provide data-driven insights to support strategic initiatives and KPI development.
• Manage financial projects and drive process improvements, including automation and data integration.
• Communicate complex financial data to non-financial stakeholders; mentor junior analysts.

Skills

Advanced Excel

ERP systems

SQL

Financial modeling

Regulatory knowledge

Analytical thinking

Communication skills

Leadership

Education

Advanced degree in Finance/Accounting/Economics

Tools

Financial software suites

Job description

The Reinsurance Reporting Principal plays a critical role in supporting complex financial analysis, forecasting, and reporting for the organization. This position requires a deep understanding of financial principles, advanced analytical skills, and the ability to work collaboratively with various cross-functional teams to drive strategic decisions.

Key Responsibilities:

• Financial Analysis and Reporting:
• Lead bordereaux reporting and analysis.
• Develop and maintain comprehensive financial reports, providing insights to inform key business decisions.
• Prepare high-level monthly, quarterly, and annual financial statements including management reports.
• Analyze historical data to project future financial performance and prepare financial models for forecasting and planning.
• Risk Management and Compliance:
• Identify potential risks in financial processes and recommend improvements for mitigating those risks.
• Ensure compliance with regulatory requirements and internal controls.
• Collaborate with internal and external auditors during reviews and audits.
• Strategic Support and Initiative Management:
• Provide data-driven insights to support strategic initiatives, mergers, acquisitions, and other complex projects.
• Assist in the development of strategic business plans and key performance indicators (KPIs).
• Manage and oversee assigned financial projects, ensuring timely and accurate delivery.
• Process Improvement and System Integration:
• Drive process efficiency improvements through the application of automation, AI, and advanced analytics.
• Work with IT and other departments to ensure seamless integration of financial systems and data reporting.
• Lead initiatives to upgrade financial processes, ensuring they're scalable and adaptable to business needs.
• Cross-Functional Collaboration:
• Collaborate closely with operations, IT, finance, and executive leadership to align financial plans with business goals.
• Communicate complex financial data and insights to non-financial stakeholders in a clear and actionable manner.
• Mentor and guide junior analysts and team members, sharing knowledge and best practices.

Required Skills and Qualifications:

Educational Background:

• Advanced degree in Finance, Accounting, Economics, Mathematics, or a related field (MSc, MBA preferred).

Professional Experience:

• Minimum of 5-7 years of experience in reinsurance accounting, preferably in a principal or senior role.
• Proven experience in managing complex projects and providing strategic financial insights.

Technical Skills:

• Proficiency in advanced Excel, ERP systems, SQL, and other relevant financial software.
• Strong understanding of financial modeling, valuation techniques, and regulatory frameworks.

Soft Skills:

• Analytical thinking and problem-solving skills with attention to detail.
• Excellent communication and presentation skills.
• Ability to work collaboratively with diverse teams and manage multiple projects simultaneously.
• Strong leadership and mentorship capabilities.
• Opportunity to develop further expertise in financial analysis, industry-specific knowledge, and leadership skills.
• Potential involvement in professional certification programs such as CPA, CFA, or similar designations.
• Participation in advanced training programs and workshops to keep abreast of the latest in financial analysis, and technology trends.

Performance Metrics:

• Accuracy and timeliness of financial reports and analysis.
• Contribution to strategic projects and initiatives.
• Effectiveness in process improvements and efficiency gains.
• Quality of cross-departmental collaboration and communication.

This role requires a dynamic and forward-thinking individual capable of leveraging financial expertise to drive the organization's growth and success.