Reinsurance Accountant

Key Responsibilities

Reinsurance Accounting & Reporting

• Record ceded and/or assumed reinsurance premium, losses, commissions, sliding scale adjustments, reinstatement premiums, and other treaty-related transactions.
• Reconcile treaty balances, statements, and bordereaux to internal financial data.
• Prepare and submit reinsurance statements (Premium Bordereaux, Loss Bordereaux, Cash Calls, and Statements of Account) for treaty partners.
• Monitor the accuracy of ceded/assumed reinsurance activity and its impact on financial statements and regulatory filings.
• Support quarterly and annual close activities, including journal entries, reconciliations, analytics, and variance explanations.

Treaty Administration & Compliance

• Maintain accurate treaty records, documentation, and schedules for active agreements.
• Ensure compliance with treaty terms, payment schedules, collateral requirements, and reporting deadlines.
• Assist with audit requests from reinsurers, regulators, and internal/external auditors.
• Support the setup and implementation of new treaty structures and contract changes.

Cross-Functional Collaboration

• Work closely with underwriting to validate treaty structures and coverage.
• Collaborate with claims and actuarial on loss reporting, ceded recoveries, and data management.
• Partner with finance and FP&A to support statutory, GAAP, and management reporting.
• Interface with treasury on payment execution, recoveries, and collateral/cash call settlements.

Qualifications

• Bachelor’s degree in Accounting, Finance, or a related field required.
• 2–5 years of experience in reinsurance accounting, insurance accounting, or property & casualty accounting strongly preferred.
• Experience with ceded, assumed, or retro reinsurance programs a plus.
• Understanding of P&C insurance concepts, including treaty structures (quota share, excess of loss, stop loss, facultative, etc.).
• Experience with insurance accounting systems (e.g., SICS, SAP, Oracle, Workday, Guidewire, Duck Creek, or reinsurance platforms).
• Strong analytical and reconciliation skills with high attention to detail.
• Ability to interpret treaty language and analyze financial impacts.
• Strong communication skills and comfort working cross-functionally.