Jr. Reinsurance Accountant

Position Summary

The Jr. Reinsurance Accountant will work within the reinsurance accounting department to support our team, focusing on the Multinational business, processing facultative and treaty reinsurance accounts, processing the incoming and outgoing cash, as well as performing reporting and reconciliation activities. This role involves the processing of assumed and ceded reinsurance accounts.

Responsibilities

• Review and record facultative and treaty accounts, including premium, commission, taxes, etc. for assumed and ceded reinsurance.
• Book assumed accounts and produce the ceded bdx to the reinsurance panel, create the journal entries ensuring correct and timely general ledger postings.
• Maintain and apply cash for facultative and treaty reinsurance contracts.
• Process the settlement of ceded premium, and the billing and recovery of ceded facultative reinsurance.
• Perform general ledger reconciliations in a timely and accurate manner.
• Follow up on cash collection and process disbursements.
• Investigate and follow up discrepancies until resolution.
• Participate in ad-hoc projects/initiatives.

Skills and Qualifications

• Bachelor’s degree in accounting, finance or related.
• 0-3 years work experience preferably in accounting, finance or related.
• High attention to detail, precise.
• Analytical skills, solutions-oriented mindset.
• Ability to multi-task, organized, with a good sense of priorities.
• Good knowledge of MS Office: Excel, Word, etc.
• Basic knowledge of insurance/reinsurance.
• Experience handling cash/settlements, and recoveries is preferred.
• Experience with reinsurance systems and platforms (e.g., RMS, SICS, ProCede or similar) is a plus.