SVP, Finance - Ceded Reinsurance Accounting

Responsibilities

• Manage Bordereaux and Billing for Treaty and Facultative Clients
• Coordination and oversight of post placement account settlement and billing with reinsurance trading partners, ensuring accuracy and timely performance of obligations.
• Reporting of all required information as agreed to under the reinsurance arrangements in an efficient and scalable process.
• Management of all cash activities billing, collections, reporting and reconciliation.
• Oversee collateral management to ensure adequate balances are maintained and adjusted as needed to mitigate reinsurance trading partner counterparty exposure or to satisfy regulatory requirements.
• Manage Financial Reporting and Close Activities
• Manage the ceded reinsurance close and reporting calendar for treaty and facultative business, ensuring recognition of premiums, ceding commissions, loss recoverable, reinstatement premiums, and other financial items to be recorded under the contractual terms.
• Cook up with corporate reporting teams to provide analytics and explanations for the effect of ceded reinsurance transactions as part of the quarter close reviews and report outs.
• Provide comparisons to prior periods and plan with explanations and support.
• Oversee all ledger accounts that are part of the Ceded Reinsurance Accounting controllership function. This includes but is not limited to balance sheet reconciliations, variance and flux commentary and insights connecting P&L and balance sheet results.
• Other
• For individuals assigned or hired to work in the location(s) indicated below, the base salary range is provided. Range is as of the time of posting.

Qualifications

• Proven leader and collaborative team player who provides strategic guidance and vision while also maintaining a hands-on approach when required.
• Ability to manage complex, detail-oriented initiatives under tight deadlines, while effectively responding to unplanned projects and emerging challenges.
• Broad exposure to operational disciplines, including underwriting, claims, and IT, with the ability to ensure effective cross-functional communication and the accurate capture of information required for downstream financial reporting.
• Strong ability to communicate financial analyses, insights, and conclusions clearly and effectively to a wide range of stakeholders and end-users, including executive leadership.
• Advanced proficiency and experience in Microsoft Excel, PowerPoint, Word, Access, SQL, Power BI, Workday, and Alteryx, with a strong aptitude for leveraging technology to enhance reporting and analysis.
• Experience working with both third-party and internally developed reinsurance system solutions, including hybrid operating environments that support evolving business needs.
• Ability to operate effectively within a global organizational structure, including shared service models managed by corporate functions, while leading teams composed of both onshore and offshore resources.
• Familiarity with a wide range of products in the commercial insurance space including but not limited to workers compensation, D&O and E&O, general liability, property and property CAT, surety and commercial auto.