Sr. Accountant, Ceded Reinsurance

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

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.