Reinsurance Accounting Specialist

About the role

As a Reinsurance Accounting Specialist, you will administer reinsurance treaties, communicate with third-party reinsurers, and apply knowledge of your assigned areas to enhance deliverable quality and efficiency. In this position, you will prepare, record, analyze, and report reinsurance accounting transactions and ensure the integrity of accounting records for completeness, accuracy, and compliance with accepted accounting policies and principles.

Responsibilities

• Performing reinsurance accounting activities, including preparing, classifying, recording, maintaining, and reconciling General Ledger accounts, sub-ledgers, and subsystems in compliance with accepted accounting policies and principles.
• Preparing financial footnote information for SEC, GAAP, and statutory reporting.
• Communicating to management on recognized trends of issues/concerns.
• Communicating with third party reinsurers on identified discrepancies and resolving in a collaborative and timely fashion.
• Promoting and enhancing organizational initiatives by positively influencing and supporting change management and/or departmental/enterprise initiatives.
• Carrying out duties in compliance with all state and federal regulations and guidelines.
• Complying with all company and site policies and procedures.
• Making a positive contribution as demonstrated by making suggestions for improvement and continuing to learn new skills, procedures, and processes.

Requirements

• 2 - 4+ Years of experience in Accounting that directly aligns with the specific responsibilities for this position.
• CPA strongly preferred but not required.
• Bachelor's degree or equivalent work experience (4 years of experience in lieu of Bachelor's).
• Demonstrates excellent organizational skills with the ability to prioritize workload and multi-task while maintaining strict attention to detail.
• Demonstrates solid project management skills, including the ability to coordinate and balance multiple projects in a time-sensitive environment, under pressure, and meeting deadlines.
• Demonstrates the ability to use sound judgment and discretion regarding confidential information.
• Ability to work with others in a team environment; demonstrates strong interpersonal skills with a collaborative style.
• Finds common ground and can gain collaboration among management, colleagues and peers; can influence outcomes without directing or commanding.
• Proficiency with Microsoft Office Suite (Word, Excel, PowerPoint, Outlook).

Qualifications

• Successfully completes regulatory and job training requirements.

Skills

• Knowledge of accounting techniques, standards, and principles.
• Ability to research and provide accounting impacts on new and existing reinsurance structures/transactions.
• Ability to identify and resolve discrepancies or out of balance situations amongst assigned General Ledger accounts.
• Ability to identify and research new developments and trends in the field.
• Ability to perform quality assurance checks on journal entries and posting to General Ledger accounts.
• Ability to determine classifications and record financial transactions.
• Ability to conduct accounting projects and provide accurate and timely reinsurance treaty administration.

Benefits

• Clearly defined career tracks and job levels, along with associated behaviors for each of Lincoln's core values and leadership attributes.
• Leadership development and virtual training opportunities.
• PTO/parental leave.
• Competitive 401K and employee benefits.
• Free financial counseling, health coaching and employee assistance program.
• Tuition assistance program.
• Effective productivity/technology tools and training.

Pay

The pay range for this position is $55,700 - $100,200 with anticipated pay for new hires between the minimum and midpoint of the range and could vary above and below the listed range as permitted by applicable law. Pay is based on non-discriminatory factors including but not limited to work experience, education, location, licensure requirements, proficiency and qualifications required for the role.