Job Description
About the position
We are seeking a Reinsurance Analyst to join our Reinsurance Accounting team. In this role, you will support the day-to-day reinsurance accounting function by managing a high volume of reinsurance programs, processing program updates, reviewing reports, reconciling data, and ensuring timely and accurate handling of all reinsurance accounting activities. As part of a dynamic team, you will work both independently and collaboratively with internal departments and external partners to resolve issues, enhance reporting accuracy, and maintain compliance with contract terms.
- Responsibilities
- Independently manage, review, and process all reinsurance accounting matters for 60+ reinsurance programs, including identifying and resolving program issues.
- Track, review, and respond to incoming correspondence such as reports, payments, queries, and other reinsurance accounting items.
- Maintain full ownership of assigned programs, including tracking program information, updates, renewals, and terminations, and ensuring timely updates to program term checklists.
- Review and interpret reinsurance contract terms and program requirements related to accounting and reporting.
- Create and manage diaries for tracking outstanding reports, payments, and follow-ups with clients, brokers, and internal teams.
- Maintain accuracy of the reinsurance tracker, updating statuses for outstanding, received, and paid reports.
- Review incoming premium bordereau reports, performing advanced Excel analysis to ensure proper premium allocation and resolve discrepancies.
- Identify inconsistencies between program terms and reports and work with external partners or internal team members to correct issues.
- Follow up and track all reinsurance accounting program matters to ensure timely issue resolution.
- File reviewed reports in ImageRight and automation folders for internal records and data extraction.
- Prepare coversheets or calculations for premium booking and submit tasks to Operations for invoicing.
- Monitor incoming correspondence and ImageRight daily to ensure all reports and payments are processed timely.
- Review ImageRight “To-Do List” daily and send invoice numbers to Accounts Receivable for processing.
- Collaborate with internal teams to support program setup, reporting requirements, payment terms, ad hoc reporting, and issue resolution.
- Clearly and accurately communicate program issues to internal and external stakeholders.
- Use Infinity and PeopleSoft systems to review policy and claims data, confirm accuracy, process payments, and generate needed reports.
- Requirements
- Bachelor’s degree in Accounting, Finance, Reinsurance, or a related field; or equivalent education/experience.
- Minimum 2 years of progressive experience in Accounting, Reinsurance, or Finance; Infinity and PeopleSoft experience preferred.
- Strong knowledge of GAAP and Statutory Accounting Principles.
- Ability to apply accounting and reinsurance concepts, practices, and procedures.
- Excellent written and verbal communication skills with a focus on accuracy, confidentiality, and professionalism.
- Advanced organizational and analytical skills with the ability to manage multiple tasks independently.
- Proactive awareness of industry, legal, and technical developments.
- Advanced proficiency with Microsoft Office (Excel, Access, PowerPoint, Word).
- Nice-to-haves
- Progress toward CPA or Associate in Reinsurance (ARe) designation.
- Benefits
- Competitive salary and employee benefit package
- Strong learning culture
- Growth perspectives
- 6% 401(k) match
- 20 days of PTO and 2 Floating Days
- Paid parental leave
- An opportunity to love what you do
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