What are the responsibilities and job description for the Sr. Accountant, Ceded Reinsurance position at Allied World?
Job Objectives:
Responsible for treaty and facultative ceded reinsurance reporting and payable and receivable reconciliation and resolution as well other regulatory reporting duties in the Finance department.
Duties and Responsibilities:
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Insurance/reinsurance accounting activities as it relates to premiums, losses, deposit accounting, collateral, cash allocations and recoveries. -
Accurate and timely treaty bordereau preparation, validation and distribution. -
Treaty settlement preparation and collections. -
Facultative premium and claim validation, settlement and collections. -
Cash application in ceded application; research open cash items. -
Researching, reconciling and responding to broker and internal client inquiries. -
Monthly confirmation and reconciliation of system generated ceded balances to general ledger source reports. -
Quarter and Year End reporting. -
Provide support to internal audit and external GAAP auditors as required. -
Special projects as needed including data analysis and reconciliations, external reporting and process improvement projects. -
Review of aging collection status of outstanding reinsurance recoverables and resolve issues delaying payment.
Salary : $105,000 - $120,000
