Senior Reinsurance Accounting Specialist

Morales Professional, a morales group company; Indianapolis (IN); On-site; USD 75,000 - 110,000; Full time

Job summary

Morales Professional seeks an experienced Reinsurance Accountant to oversee accounting, reporting, and reconciliation for reinsurance activities. The role involves handling premiums, losses, recoveries, and settlements while ensuring compliance with statutory and regulatory requirements.

You will coordinate with Finance, Underwriting, Claims, Actuarial, and Reinsurance teams, owning the accounting process from transaction through financial reporting and reconciliation.

Qualifications

• Bachelor's degree in Accounting or Finance preferred
• Strong understanding of ceded reinsurance accounting
• Advanced Excel skills and experience with accounting or insurance systems

Responsibilities

• Oversee accounting for ceded reinsurance transactions, including premiums, losses, settlements
• Record and reconcile reinsurance activity per standards and policies
• Prepare and review reinsurance journal entries, reconciliations, accruals, and schedules
• Monitor reinsurance recoverables, ceded premiums, loss reserves, and related balance sheet accounts
• Analyze fluctuations in reinsurance balances and investigate discrepancies
• Support monthly, quarterly, and annual financial close processes
• Ensure accurate accounting treatment of complex reinsurance transactions and provisions
• Coordinate collection and settlement activities with reinsurers
• Investigate discrepancies between company records and reinsurer statements
• Support statutory financial statements and regulatory reporting for reinsurance

Skills

Reinsurance accounting

Excel

Analytical skills

Organizational skills

Problem solving

Education

Bachelor's degree in Accounting or Finance

Tools

Excel

Accounting systems

Job description

Morales Professional seeks an experienced Reinsurance Accountant to oversee accounting, reporting, and reconciliation for reinsurance activities. The role involves handling premiums, losses, recoveries, and settlements while ensuring compliance with statutory and regulatory requirements.

You will coordinate with Finance, Underwriting, Claims, Actuarial, and Reinsurance teams, owning the accounting process from transaction through financial reporting and reconciliation.