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Reinsurance Accounting Manager - OrderID: 3638

Jersey City, New Jersey, United States
Closing date
Feb 15, 2024

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Job Role
Contract Type
Full Time
Acctpositions -
Our client, a Global Financial Services Organization, is adding a Reinsurance Accounting Manager and an AVP of Reinsurance Accounting to their team (2 different level positions).

In these positions, the ideal candidate will be responsible for:

  • Supervise Reinsurance Accounting teams & processing of reinsurance transactions

  • Participate in Development of Reinsurance Agreements

  • Support GAAP and STAT reporting, the Annual Statement Preparation, Schedule F, form BE48. etc. (Regulatory and State Reporting Requirements).

  • Manage Adherence to Internal Controls.

  • Responsible for the development of Staff with regards to advancing their knowledge with premiums, losses, funds held, deposit accounting, collateral, cash allocations and recoveries.

  • Implementation and review of non-routine reinsurance transactions (loss portfolio transfers, adverse development covers, commutations, etc.)

  • Oversee broker/reinsurer reporting and billing including statements/bordereau reviews.

  • Communicate and collaborate with Controllers Group, FP&A and functioning in a high visibility senior management level with reinsurance placement (ceded Re), finance controllers, actuarial, treasury, claims, legal, systems, etc.), product line management, reinsurance intermediaries and reinsurers.

The positions Requires:

  • Bachelors Degree in Accounting

  • CPA MBA preferred

  • 7-12+ years of experience with Reinsurance Financial Reporting in Property Casualty Insurance reporting, both STATutory and GAAP reporting is preferred (aka: Yellowbook, Annual Statement)

  • Big 4 foundation a plus

  • Professional communication skills, written and verbal

  • Supervisory skills

  • Detail Oriented approach

  • The ability to work independently and in a team environment

  • Problem Solving Skills

  • Leadership and executive level interaction and presence

Great Fringe Benefits and Opportunity for Internal Advancement:

Medical & Dental Plans, Life Insurance, including eligible spouses & children, Health Care Flexible Spending, Dependent Care, 401k Savings Plans with match program, and Aggressive Paid Time Off. Hybrid / Partially remote commute.


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