Finance Analyst Senior

Role Description

The Finance Analyst Senior is responsible for carrying out tasks within a specific Finance functional area (e.g. accounting, reinsurance). You will handle routine to complex matters. Specific tasks can include:

• Preparing required financial reports
• Creating accounting journal entries and posting to ledger systems
• Billing and collecting from external parties and intercompany affiliates
• Preparing general ledger reconciliations
• Supporting the planning process

You will report to the Finance Director.

Qualifications

• 4+ years of experience with casualty insurance and/or reinsurance, accounting, or finance
• Proficiency with Microsoft Office suite of products and ability to navigate multiple systems, including accounting/sub-ledger
• Four-year degree required. Accounting, Finance, Business, or related/equivalent work experience
• Insurance and US Statutory reporting experience
• Knowledge of automated accounting systems (SAP preferred)
• Detail-oriented, analytical, and adaptable
• Organizational and multi-tasking skills to manage multiple deadlines in a fast-paced environment
• Excellent oral and written communication skills required
• You must be legally authorized to work in the U.S. without requiring immigration sponsorship now or in the future

Requirements

• Interpret reinsurance contracts and apply reinsurance terms
• Perform analysis of reinsurance activity for accounting and reporting including compliance with statutory regulations
• Prepare general ledger reconciliations, accounting and financial reports for management, government, and regulatory agencies
• Interpret accounting data, analyze reports, and recommend appropriate actions
• Record monthly and quarterly reinsurance activity
• Support analysis and bookings related to commutations, novations, and schemes
• Analyze and interpret new accounting principles as established by regulatory bodies (e.g., FASB, NAIC, AICPA, SEC, and Allianz)
• Support reinsurance and financial audits
• Support outsourced Financial activities
• Assist in financial planning and documentation of procedures
• Provide support and maintenance of Reinsurance financial systems
• Identify and cede reinsurance transactions via financial systems
• Bill for routine to complex portfolios to Reinsurers/Brokers
• Bill and collect from external parties and intercompany affiliates; proactively identify collection issues and recommend effective solutions
• Complete the monthly, quarterly, and annual close process to ensure timely, accurate, and compliant financial statements
• Prepare, review, and analyze journal entries, account reconciliations, accruals, and variance explanations
• Prepare and book technical worksheets for Prospective Reinsurance Insurance business
• Complete accounting worksheets, journal entries, controls, and reports in accordance with GAAP, Statutory and IFRS Accounting Procedures for the insurance industry
• Partner with cross-functional teams to gather financial data, validate transactions, and resolve discrepancies
• Drive process improvements within immediate team and Finance department
• Participate in company-wide projects and initiatives as needed
• Utilization of artificial intelligence tools and resources (e.g. generative AI)

Benefits

• Job posting range: $88,000 - $110,000
• This role is also eligible for an annual incentive program
• Your final base salary will be determined based on factors such as geographic location, experience, skills, competencies, and/or education
• Consideration of internal equity of current employees