Jobs · Accounting · New York

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.

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