Reinsurance Accountant
- $70,000 to $130,000 Yearly
- Vision , Medical , Dental , Paid Time Off , Life Insurance , Retirement
- Full-Time
JOB TITLE: Reinsurance Accountant
DEPARTMENT: Finance
REPORTS TO: Executive Director of Accounting
LOCATION: Onsite in Miami, FL
About The Company
We are a rapidly growing organization owning and operating multiple insurance companies and ancillary insurance businesses with over $10 billion in total invested assets. This opening is within the holding company, primarily performing asset management, actuarial, accounting, and other oversight functions on behalf of our insurers and third-party clients. We also provide strategic and operational support to our portfolio companies/subsidiaries, formulate new investment strategies, oversee external financing and acquisition activities, and provide modeling support for insurer liabilities and capital. Our primary lines of business include traditional fixed and equity-indexed annuities, along with whole life insurance, Medicare supplement, and hospital indemnity products. Our insurers originate over $2 billion of new premium annually.
About The Role
We have an immediate opening for a self-motivated, resourceful, and well-organized candidate to join our team as a Reinsurance Accountant. The Reinsurance Accountant will work closely with the Reinsurance Accounting Manager to ensure accurate accounting within our growth-focused reinsurance function. This position will assist the reinsurance accounting team in administering all aspects of reinsurance agreements in accordance with treaty parameters and ensuring proper accounting treatment for all reinsurance transactions. The role will entail frequent communication with third-party reinsurers, Finance Team members, and auditors to ensure compliance with all requirements of our reinsurance agreements.
WHAT YOU WILL DO:
- Administer existing and new reinsurance agreements according to treaty parameters.
- Create and maintain spreadsheets tracking treaty activity.
- Analyze new reinsurance agreements and recommend procedures for accurately capturing transactions and reporting to reinsurers.
- Ensure timely, accurate, and complete calculations, recording, reporting, and billing in accordance with treaty terms.
- Prepare and record journal entries for reinsurance activity.
- Reconcile reinsurance-related activity, identify issues, and take corrective action when necessary.
- Manage financial reporting while overseeing payables/receivables.
- Assist in designing and evaluating internal controls.
- Respond to internal and external audit inquiries.
- Communicate with Finance Team members, third-party reinsurers, and senior management.
WHAT YOU WILL NEED:
- Bachelors degree in accounting or related field with 5+ years of relevant work experience (insurance industry experience is a plus); or any combination of education, professional training, or work experience demonstrating the ability to perform the job.
- Advanced knowledge of Microsoft Office suite; SQL is a plus.
- Excellent time management skills and attention to detail.
- Ability to coordinate and manage multiple projects simultaneously.
- Ability to communicate complex concepts verbally and in writing to diverse audiences.
- Ability to build relationships with team members across the organization.
- Comfort with a steep learning curve and motivation to work in a dynamic environment.
BENEFITS:
We offer a comprehensive benefits package including:
- Competitive salary/base pay
- Employer-sponsored medical, dental, and vision insurance
- Paid Life & AD&D Insurance (for employees and families)
- Paid Disability Insurance (STD + LTD)
- Paid Parental Leave
- Paid Vacation and Sick Leave
- Paid Holidays (15 in 2024)
- Voluntary Supplemental Insurance policies
- 401(k) plan with employer match
- And other benefits and perks!
Address
Brave New World
Miami, FLIndustry
Finance and Insurance
Posted date
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