Reinsurance Accounting Specialist

Role Description

As a Reinsurance Accounting Specialist, you will administer reinsurance treaties, communicate with third-party reinsurers, and apply knowledge of your assigned areas to enhance deliverable quality and efficiency. In this position, you will prepare, record, analyze, and report reinsurance accounting transactions and ensure the integrity of accounting records for completeness, accuracy, and compliance with accepted accounting policies and principles.

• Performing reinsurance accounting activities, including preparing, classifying, recording, maintaining, and reconciling General Ledger accounts, sub-ledgers, and subsystems in compliance with accepted accounting policies and principles.
• Preparing financial footnote information for SEC, GAAP, and statutory reporting.
• Communicating to management on recognized trends of issues/concerns.
• Communicating with third party reinsurers on identified discrepancies and resolving in a collaborative and timely fashion.
• Promoting and enhancing organizational initiatives by positively influencing and supporting change management and/or departmental/enterprise initiatives.
• Conducting and/or participating in accounting projects.
• Providing accurate and timely reinsurance treaty administration which includes cash settlements and analyzing and validating data.
• Conducting quality assurance checks on journal entries and posting to General Ledger accounts.
• Determining classifications and recording financial transactions by applying accounting technique, standard practices, and accepted accounting policies and principles.
• Researching and providing accounting impacts on new and existing reinsurance structures/transactions.
• Ensuring the integrity of accounting records for completeness, accuracy, and compliance with accepted accounting policies and principles, internal controls, and SOX.
• Identifying and communicating to management process improvements that reduce workloads or improve quality.
• Identifying, researching, and resolving discrepancies or out of balance situations amongst assigned General Ledger accounts.
• Maintaining knowledge on current and emerging developments/trends, assessing the impact, and collaborating with management to incorporate new trends and developments in current and future solutions.
• Performing and delivering on routine assignments/projects while simultaneously leveraging and applying knowledge of his/her assigned area(s) of responsibility.
• Carrying out duties in compliance with all state and federal regulations and guidelines. Complying with all company and site policies and procedures.
• Making a positive contribution as demonstrated by making suggestions for improvement and continuing to learn new skills, procedures, and processes.
• Performing other duties as required.

Qualifications

• 2 - 4+ Years of experience in Accounting that directly aligns with the specific responsibilities for this position.
• CPA strongly preferred but not required.
• Bachelor's degree or equivalent work experience (4 years of experience in lieu of Bachelor's).
• Demonstrates excellent organizational skills with the ability to prioritize workload and multi-task while maintaining strict attention to detail.
• Demonstrates solid project management skills, including the ability to coordinate and balance multiple projects in a time-sensitive environment, under pressure, and meeting deadlines.
• Demonstrates the ability to use sound judgment and discretion regarding confidential information.
• Ability to work with others in a team environment; demonstrates strong interpersonal skills with a collaborative style.
• Finds common ground and can gain collaboration among management, colleagues and peers; can influence outcomes without directing or commanding.
• Proficiency with Microsoft Office Suite (Word, Excel, PowerPoint, Outlook).
• Successfully completes regulatory and job training requirements.

Benefits

• Clearly defined career tracks and job levels, along with associated behaviors for each of Lincoln's core values and leadership attributes.
• Leadership development and virtual training opportunities.
• PTO/parental leave.
• Competitive 401K and employee benefits.
• Free financial counseling, health coaching and employee assistance program.
• Tuition assistance program.
• Work arrangements that work for you.
• Effective productivity/technology tools and training.