Sr./Lead Accountant, Reinsurance (Remote or Glastonbury, CT/Hybrid)

About the role

The role focuses on the accounting and finance responsibilities associated with managing an Insurance Agency within an Insurance Carrier. Key interactions include Underwriting, Actuarial, Claims, Compliance, IT, and external business partners.

Line of Business and Team

The Occupational Risk Profit Center is growing, necessitating skilled individuals to support its success. This role will handle accounting and finance tasks, ensuring compliance with industry regulations, GAAP, and internal policies.

What You Will Do

• Oversee and manage all accounting functions related to occupational accident operations, ensuring compliance with industry regulations, GAAP, and internal policies.
• Prepare, analyze, and oversee monthly, quarterly, and annual financial statements, including balance sheets, income statements, and cash flow statements.
• Manage the month-end, quarter-end, and year-end close processes, including journal entries, reconciliations, and reporting, ensuring all deadlines are met.
• Conduct detailed account reconciliations and address discrepancies to ensure accuracy and compliance.
• Prepare monthly general ledger interface entries to record premiums, expenses, losses, and commissions.
• Analyze financial data and provide insights to support decision-making, strategic planning, and forecasting.
• Support the preparation of budgets and forecasts by providing detailed financial analysis and variance explanations.
• Oversee the receiving, invoicing, vendor payment, and commission payment processes, resolving discrepancies as needed.
• Guide and mentor junior accounting staff, fostering a collaborative and productive work environment, and assist with training new team members.
• Collaborate with internal and external auditors during audits, providing necessary documentation and explanations.
• Review, improve, and implement process changes to yield greater efficiencies within accounting operations.
• Utilize Salesforce and Accounting Seed to manage accounting data, track performance metrics, and generate reports for management review.
• Process and review intercompany billing and transactions, ensuring proper documentation and accuracy.
• Assist in reviewing and documenting business processes to identify opportunities for improvement and support implementation projects, including new accounting systems or software.
• Stay current on industry trends and best practices to enhance the effectiveness of accounting operations.
• Capture and manage accounting for captive insurance entities, including preparation of statutory financial statements and regulatory filings.
• Coordinate and reconcile reinsurance transactions, including ceded and assumed premiums, losses, and commissions.
• Prepare and analyze Schedule F (Reinsurance) and other regulatory schedules related to reinsurance and captive operations.
• Monitor and account for collateral and trust arrangements associated with captive and reinsurance agreements.
• Ensure compliance with all regulatory requirements specific to captives and reinsurance, including reporting to state insurance departments.
• Liaise with captive managers, reinsurers, and external auditors to support audits and regulatory examinations.
• Aid in the structuring and accounting for new captive and reinsurance programs, including documentation and implementation of related processes.

Requirements

• Bachelor’s degree in Accounting, required. Other business field majors with Captive/Reinsurance experience accepted.
• Property & Casualty (P&C) line experience is a plus.
• Captive/Reinsurance experience preferred.
• Minimum of 5 years of professional accounting experience, within the insurance industry.
• Intermediate experience with Excel, Word, Outlook, Access, and database management; Tableau experience is a plus.
• Strong emphasis on advanced Excel knowledge, including formulas, pivot tables, and data analysis.

What C&F Will Bring To You

• Competitive compensation package
• Generous 401K employer match
• Employee Stock Purchase plan with employer matching
• Generous Paid Time Off
• Excellent benefits that go beyond health, dental & vision
• Support for career development, including tuition reimbursement, industry-related certifications, and professional training
• A dynamic, ambitious, fun and exciting work environment
• Commitment to equal employment opportunity and diversity
• Matching donation program and volunteer opportunities
• Employee-driven corporate giving program