Reinsurance Transaction Accountant

Korn Ferry; United States; Remote; USD 110,000 - 124,000; Full time

Job summary

Korn Ferry is assisting in identifying an experienced Reinsurance Transaction Accountant. This role focuses on hands-on accounting support for complex life and annuity reinsurance deals, from diligence to ledger setup, reporting, and controls.

Responsibilities include reviewing treaties, applying US GAAP guidance (ASC 944, LDTI where relevant), and translating conclusions into ledger entries and processes, while coordinating with policy and finance teams. Remote work is available.

Qualifications

• Strong life and/or annuity reinsurance accounting experience.
• Solid knowledge of US GAAP insurance and reinsurance accounting.
• Experience reviewing reinsurance treaties and transactions and evaluating their downstream accounting and reporting implications.
• Ability to translate technical accounting conclusions into practical implementation across the general ledger, financial reporting, processes, and controls.
• Hands-on and adaptable approach, with the ability to work through complex or unfamiliar transactions.

Responsibilities

• Support the accounting integration of new reinsurance transactions from diligence and initial analysis through implementation and ongoing financial reporting.
• Review reinsurance treaties and transaction structures to assess accounting implications, including risk transfer considerations.
• Apply relevant US GAAP insurance and reinsurance accounting guidance, including ASC 944 and, where applicable LDTI considerations.
• Partner with Accounting Policy and other finance stakeholders to translate technical accounting conclusions into ledger structures, journal entries, and transaction flows.
• Address accounting considerations related to assumed reinsurance and retrocession, including intercompany impacts.
• Assess financial reporting implications, including financial statement presentation, disclosures, cash flows, and quarterly reporting.
• Evaluate relevant statutory accounting considerations and differences from U.S. GAAP.
• Develop and enhance transaction-related accounting processes and internal controls.
• Collaborate across accounting, finance, and reporting teams to ensure complex transactions are appropriately reflected across the organization.

Skills

Reinsurance accounting

US GAAP

Financial reporting

GL ledger implementation

Intercompany transactions

Job description

We have partnered with our client in their search for an experienced Reinsurance Transaction Accountant. This role will provide hands-on accounting support for complex life and annuity reinsurance transactions, from initial treaty review and accounting analysis through implementation, ledger setup, financial reporting, disclosures, processes, and controls.

Responsibilities

• Support the accounting integration of new reinsurance transactions from diligence and initial analysis through implementation and ongoing financial reporting.
• Review reinsurance treaties and transaction structures to assess accounting implications, including risk transfer considerations.
• Apply relevant US GAAP insurance and reinsurance accounting guidance, including ASC 944 and, where applicable LDTI considerations.
• Partner with Accounting Policy and other finance stakeholders to translate technical accounting conclusions into ledger structures, journal entries, and transaction flows.
• Address accounting considerations related to assumed reinsurance and retrocession, including intercompany impacts.
• Assess financial reporting implications, including financial statement presentation, disclosures, cash flows, and quarterly reporting.
• Evaluate relevant statutory accounting considerations and differences from U.S. GAAP.
• Develop and enhance transaction-related accounting processes and internal controls.
• Collaborate across accounting, finance, and reporting teams to ensure complex transactions are appropriately reflected across the organization.

Required Qualifications

• Strong life and/or annuity reinsurance accounting experience.
• Strong knowledge of U.S. GAAP insurance and reinsurance accounting.
• Experience reviewing reinsurance treaties and transactions and evaluating their downstream accounting and reporting implications.
• Ability to translate technical accounting conclusions into practical implementation across the general ledger, financial reporting, processes, and controls.
• Hands-on and adaptable approach, with the ability to work through complex or unfamiliar transactions.

Preferred Qualifications

• Working knowledge of US statutory accounting.
• Familiarity with intercompany reinsurance and/or retrocession structures.
• Experience establishing or improving accounting processes and internal controls.

Title Reinsurance Transaction Accountant

Location Remote

Client Industry Insurance

Compensation $80 to $90/hr

About Korn Ferry

Korn Ferry unleashes potential in people, teams, and organizations. We work with our clients to design optimal organization structures, roles, and responsibilities. We help them hire the right people and advise them on how to reward and motivate their workforce while developing professionals as they navigate and advance their careers. To learn more, please visit Korn Ferry at www.Kornferry.com