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Position: Senior Accountant – Reinsurance
Reports to: Reinsurance Accounting Manager
Location: Remote or Hybrid (Potential Locations: Morristown, NJ; Boston, MA; Indianapolis, IN)
Job Summary:
The Senior Accountant – Reinsurance is responsible for the accounting, reconciliation, and financial reporting related to the company’s ceded and assumed reinsurance programs. This role works cross-functionally with underwriting, actuarial, claims, treasury, and external counterparties to ensure accurate recording of reinsurance transactions, timely settlements, and compliance with statutory and GAAP accounting requirements.
The ideal candidate has strong knowledge of insurance accounting, experience with reinsurance contracts, and the ability to manage complex data flows between underwriting, actuarial, and financial systems.
Key Responsibilities:
• Record and reconcile ceded and assumed reinsurance activity including premiums, commissions, losses, and recoverables.
• Prepare monthly and quarterly reinsurance accounting entries in accordance with statutory accounting principles (SAP) and GAAP.
• Maintain and reconcile reinsurance balances including:
· Reinsurance recoverables
· Funds held balances
· Unearned premium reserves (ceded)
· Loss and LAE recoverables
• Prepare supporting schedules for financial statements and regulatory filings.
• Maintain accurate treaty records including participation percentages, contract terms, commissions, and limits.
• Prepare monthly and quarterly bordereaux files for reinsurance treaties
• Support the implementation and maintenance of reinsurance systems and data controls.
Skills & Qualifications:
• 4–7+ years of accounting experience
• Experience in insurance or reinsurance accounting strongly preferred
• Experience with financial systems (e.g., NetSuite, SAP, Oracle, or similar)
• Advanced Excel / data reconciliation skills
