Senior Reinsurance Accountant

Core Specialty Insurance Services, Inc.; Cincinnati (OH); Hybrid; USD 70,000 - 90,000; Full time

Benefits offered by this job

Medical, dental, and vision insurance

401(k) plan with company match

Employee Assistance Plan

Health Savings Account

Wellness program

Job summary

Core Specialty Insurance Services, Inc. is looking for a Senior Reinsurance Accountant responsible for processing reinsurance transactions, including accounting and collections. This role requires a Bachelor’s degree in accounting or finance and 3+ years of accounting experience.

You will work in a hybrid schedule at our Cincinnati headquarters, performing tasks such as financial analysis, reconciliation, and assisting with audits. Benefits include competitive salary and comprehensive insurance packages.

Qualifications

• Minimum of a Bachelor’s degree in accounting or finance required.
• 3+ years of accounting experience required.
• Ability to research and interpret reinsurance contracts.

Responsibilities

• Process reinsurance transactions including accounting, collections and reporting.
• Perform monthly/quarterly cessions of reinsurance treaties.
• Complete financial analysis and reconciliation of reinsurance related accounts.

Skills

Attention to detail

Organizational skills

Critical thinking skills

Microsoft Excel

Reinsurance accounting knowledge

Education

Bachelor’s degree in accounting or finance

Master’s degree in accounting or finance

Tools

Workday

Job description

The Senior Reinsurance Accountant will be responsible for processing reinsurance transactions including accounting, collections and reporting of reinsurance. This includes analyzing financial statements, reconciliations, and reinsurance research. Must be available to work a hybrid (3 days in the office/2 days remote) schedule in our Cincinnati headquarters.

Key Accountabilities / Deliverables

• Perform monthly/quarterly cessions of reinsurance treaties and ensure proper accounting treatment for all reinsurance transactions.
• Complete financial analysis and reconciliation of reinsurance related accounts in support of financial statement preparation.
• Prepare and record reinsurance journal entries and payments in Workday.
• Responsible for monthly/quarterly billing to brokers/reinsurers.
• Assist with GAAP and STAT financial schedules.
• Assist in the implementation of a reinsurance system.
• Assist with internal and external audit requests.
• May be required to undertake other duties from time to time as the Company may reasonably require.

Technical Knowledge and Understanding

Ability to research and interpret reinsurance contracts. Demonstrates strong attention to detail and organizational skills. Possesses strong critical thinking skills with the ability to assess complex accounting issues, apply thoughtful decision-making, and collaborate with key individuals to reach well-reasoned conclusions. Microsoft Office skills, specifically with intermediate to advanced Excel skills including filters, pivot tables, and complex formulas. Knowledge of insurance and reinsurance accounting preferred but not required.

Experience

Minimum of a Bachelor’s degree in accounting or finance required. Master’s degree in accounting or finance preferred, but not required. 3+ years of accounting experience required. CPA license preferred, but not required.

Applicants must be authorized to work for any employer in the U.S. We are unable to sponsor or take over work authorization sponsorship now or in the future for this position.

Benefits

At Core Specialty, you will receive a competitive salary and opportunities for professional development and advancement. We offer medical, dental, vision and life insurances; short and long-term disability; a company-match of 100% of a 6% contribution 401(k) plan; an Employee Assistance Plan; Health Savings Account, Flexible Spending Account, Health Reimbursement Account and a wellness program.