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.