Senior Ceded Reinsurance Accounting Analyst

Title:

Company:

Job Category:

Job Description:

About Everest:
Everest is a global leader in risk management rooted in a rich 50 year heritage of enabling businesses to survive and thrive and economies to function and flourish. We are underwriters of risk growth progress and opportunity. We are a global team focused on disciplined capital allocation and long-term value creation for all stakeholders who care deeply about our impact on communities and the wider world.

The Senior Ceded Reinsurance Accounting Analyst will be responsible for the accurate ceded processing accounting analysis and financial reporting of our ceded reinsurance portfolio.

This position reports to the AVP Ceded Reinsurance Accounting (North America) and is a hybrid role based in Warren New Jersey working 3 days in office 2 remote.

Responsibilities include but not limited to:

• Lead the timely preparation of ceded accounts bordereau production and recording of ceded payable and recoverable amounts for domestic operations.

• Manage collection and settlement of outstanding balances due to/from the company and oversee cash application processes.

• Conduct detailed reconciliation and comprehensive analysis of ceded reinsurance accounts to the general ledger.

• Review and interpret complex reinsurance contracts and facultative certificate terms (Quota Share Excess of Loss Automatic Facultative aggregates retentions inuring coverages exclusions adjustable features etc.) and provide guidance and subject matter expertise.

• Set up and maintain treaties and facultative reinsurance contracts in the ceded reinsurance accounting system.

• Liaise closely with underwriting claims and actuarial departments to ensure proper interpretation and recognition of complex reinsurance agreements.

• Support quarterly and annual financial reporting analysis and reconciliation of ceded reinsurance-related accounts in support of GAAP financial statement preparation.

• Assist with the maintenance of Sarbanes-Oxley internal control documentation and ensure department processes are functioning appropriately.

• Actively identify and drive process improvements to ceded reinsurance accounting systems and procedures.

• Work closely with various functional areas to resolve complex accounting issues and ensure timely and accurate reporting.

• Provide technical accounting support and guidance to junior staff members on ceded reinsurance accounting matters.

• Assist with coordination with outside departments and reinsurance partners to ensure proper and timely reporting.

• Maintain positive relationships with all reinsurance partners and appropriately represent the Company.

• Assist in additional projects as assigned.

Qualifications Education & Experience:

• BS/BA degree in accounting finance or business.

• 4-6 years of finance/accounting experience.

• Relevant experience in the Accounting Department of a property and casualty insurance or reinsurance company is strongly preferred.

• Strong understanding of ceded reinsurance accounting functions and principles.

• Skillful interpersonal and collaboration abilities required to achieve results within and across diverse organizational units and disciplines.

• Strong analytical skills with the ability to collect organize analyze and disseminate information with attention to detail and accuracy.

Knowledge Skills & Competencies:

• Strong knowledge of ceded reinsurance accounting principles and practices.

• Excellent PC skills; must be proficient in Microsoft Excel including PivotTables VLOOKUPs and advanced data analysis.

• Knowledge/experience with Global XL Pro system is highly desirable.

• Knowledge of SQL is preferred.

• Strong analytical problem-solving and technical accounting skills.

• Strong technical knowledge of general ledger and accounting systems. Experience with Oracle is a plus.

• Detail-oriented with strong organizational skills and the ability to effectively manage time and multitask in an ever-changing environment.

• High degree of flexibility and responsiveness to change in a fast-paced environment.

• Ability to work on multiple projects simultaneously under tight deadlines.

• Initiative-taker and self-starter; capable of working both independently and within a team environment.

• Strong interpersonal skills. Excellent oral and written communication skills.

#LI-KG1
#LI-Hybrid

The base salary range for this position is $85000 - $115000 annually. The offered rate of compensation will be based on individual education experience qualifications and work location. All offers include access to a variety of benefits to employees including health insurance coverage an employee wellness program life and disability insurance 401k match retirement savings plan paid holidays and paid time off (PTO).

What if I dont meet every requirement At Everest we are dedicated to building an inclusive and authentic workplace. So if you are excited about this role but your past experience doesnt align perfectly with every element in the job description we still encourage you to apply. You may be just the right candidate for this or other roles. Please let us know if you need any accommodations throughout the application or interview process.

Our Culture

At Everest our purpose is to provide the world with protection. We help clients and businesses thrive fuel global economies and create sustainable value for our colleagues shareholders and the communities that we serve. We also pride ourselves on having a unique and inclusive culture which is driven by a unified set of values and behaviors. Click here to learn more about our culture.

• Our Values are the guiding principles that inform our decisions actions and behaviors. They are an expression of our culture and an integral part of how we work: Talent. Thoughtful assumption of risk. Execution. Efficiency. Humility. Leadership. Collaboration. Inclusion and Belonging.
• Our Colleague Behaviors define how we operate and interact with each other no matter our location level or function: Respect everyone. Pursue better. Lead by example. Own our outcomes. Win together.

All colleagues are held accountable to upholding and supporting our values and behaviors across the company. This includes day to day interactions with fellow colleagues and the global communities we serve.

Type:

Time Type:

Primary Location:

Additional Locations:

Everest is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race color religion or creed sex (including pregnancy) sexual orientation gender identity or expression national origin or ancestry citizenship genetics physical or mental disability age marital status civil union status family or parental status veteran status or any other characteristic protected by law. As part of this commitment Everest will ensure that persons with disabilities are provided reasonable accommodations. If reasonable accommodation is needed to participate in the job application or interview process to perform essential job functions and/or to receive other benefits and privileges of employment please contact Everest Benefits at

Required Experience:

Senior IC