Senior Accountant, Reinsurance
Selby Jennings · New York, NY · 1 wk ago
AccountingFull-time
What You'll Be Doing
- Manage the financial activity associated with reinsurance programs, including premium transactions, loss activity, commissions, recoverables, and settlements.
- Review reinsurance data received from brokers and partners, ensuring accuracy and consistency across accounting records and internal systems.
- Support monthly and quarterly close activities through reconciliations, journal entries, financial analysis, and balance sheet reviews.
- Monitor outstanding balances and drive timely resolution of receivables, payables, and cash discrepancies.
- Partner with external brokers and reinsurers to resolve settlement issues and obtain supporting documentation.
- Analyze treaty activity and investigate unusual movements, providing clear explanations to leadership and business partners.
- Support cash management activities related to reinsurance programs, including collections, payments, and account clearing.
- Maintain organized treaty documentation and ensure financial transactions are recorded in accordance with contract terms.
- Aid in audit requests, reporting requirements, and ad hoc financial analyses.
- Collaborate with underwriting, claims, finance, and operational teams to strengthen reporting accuracy and improve workflows.
- Identify opportunities to streamline manual processes, enhance controls, and support ongoing system improvements.
What They're Looking For
- Bachelor's degree in Accounting, Finance, or a related discipline.
- 5+ years of reinsurance accounting or related insurance finance experience.
- Background within a carrier, MGA, specialty insurer, or reinsurer environment.
- Understanding of common reinsurance structures, including quota share, excess of loss, and facultative arrangements.
- Experience with reconciliations, settlements, broker reporting, recoverables, and financial close processes.
- Strong Excel and analytical skills with the ability to work through large volumes of data.
- Effective communicator who can work across multiple departments and external stakeholders.
- Detail-oriented, proactive, and comfortable taking ownership of complex accounting issues.
Why This Opportunity?
- High-impact position with visibility across both finance and business operations.
- Opportunity to work closely with senior leadership and key external partners.
- Exposure to complex reinsurance programs and strategic initiatives.
- Growing organization with a strong collaborative culture and long-term career growth potential.