Remote AVP, Insurance & Operational Accounting

fortitudegroupholdingsllc; United States; Remote; USD 170,000 - 210,000; Full time

Benefits offered by this job

Remote work option

Job summary

Fortitude Reinsurance Company Ltd. (Fortitude Re) seeks an AVP, Insurance & Operational Accounting to oversee journal entries, reconciliations, and settlements across all bases. You will partner with Reinsurance Ops, Actuarial, and Treasury to ensure ledger integrity and accurate reporting.

Lead process improvements, mentor senior staff, and coordinate with offshore teams to ensure timely close and compliant financials in a fast-paced, global environment.

Qualifications

• Bachelor's degree in Accounting, Finance, or related field.
• CPA or CA designation preferred.
• 7+ years progressive accounting experience in Life & Annuity/ reinsurance or related audit.

Responsibilities

• Oversee core record-to-report activities, including monthly journal entries, accruals, and reconciliations for balances in scope across all reporting bases (incl. EBS).
• Oversee the accounting and journal entries for reinsurance settlements in collaboration with Reinsurance Ops., as applicable.
• Partner with Reinsurance Ops to review and validate data inputs used for settlement and reserve accounting, as applicable.
• Manage daily and month-end cash activity accounting; ensure completeness and alignment with settlements, as applicable.
• Oversee the accounting and journal entries for reserves in collaboration with Actuarial, and others across all reporting bases (incl. EBS).
• Manage the preparation of entries related to Sidecar transactions/balances and Modco payables ensuring timely and accurate financial reporting, as applicable.
• Oversee all operational accounting activities including R2R, A/P, A/R, T&E, TPA, corporate expenses, debt, and fixed assets across all legal entities and reporting bases, as applicable.
• Ensure compliance with internal policies for intercompany allocations and settlements.
• Manage quarterly ledger feeds, new account setups, and ensure accurate legal entity allocations.
• Ensure completeness, policy alignment, and internal control execution across all reserve processes.
• Execute and document account reconciliations, including resolution of variances.
• Identify improvement opportunities related to ledger feed processing, reserve automation, and system integration.
• Contribute to quarterly close coordination and ledger integrity reviews.
• Coordinate with offshore team to monitor deliverables, resolve issues, and ensure reporting accuracy and timeliness.
• Identify and implement process improvements related to processes and support continuous improvement efforts through standardization, automation, and documentation.
• Assist in the preparation of supporting schedules for reporting including addressing audit requests.
• Collaborate with the analytics pillar to ensure ledger inputs align with analytic outputs.
• Coach and mentor senior associates and analysts within the team to build technical strength and process ownership.

Skills

Excel skills

Analytical skills

Written communication

Leadership

Collaboration

Education

Bachelor's degree in Accounting/Finance or related field

CPA or CA designation preferred

Tools

SAP

Workday

Coupa

Workiva

Power BI

Job description

Fortitude Reinsurance Company Ltd. (Fortitude Re) seeks an AVP, Insurance & Operational Accounting to oversee journal entries, reconciliations, and settlements across all bases. You will partner with Reinsurance Ops, Actuarial, and Treasury to ensure ledger integrity and accurate reporting.

Lead process improvements, mentor senior staff, and coordinate with offshore teams to ensure timely close and compliant financials in a fast-paced, global environment.