Reinsurance Accounting Lead
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Job Description
Reinsurance Accounting Lead responsible for financial treatment and reporting of reinsurance transactions at Branch. Collaborating with various teams to ensure compliance and accuracy.
Responsibilities:
- Process and analyze ceded premium, claims, commissions, and recoverables. Ensure reinsurance transactions are recorded accurately and in compliance with GAAP, statutory requirements, and company policies.
- Own and execute the monthly, quarterly, and annual close processes related to reinsurance. Prepare journal entries, reconciliations, and schedules for internal and external reporting, including statutory filings.
- Interpret reinsurance contracts and regulatory requirements, including preparing reports for state insurance departments. Apply accounting guidance independently to complex treaty structures.
- Analyze reinsurance transaction data and cash flows. Partner with Finance and Actuarial teams to deepen understanding of treaty performance and its impact on financial statements.
- Lead participation in audit processes by providing requested documentation and ensuring compliance with internal control standards. Recommend and implement improvements to streamline tasks or controls.
- Collaborate with internal and external partners (e.g., brokers, reinsurers, actuaries) to resolve discrepancies and drive improvements in reporting quality and process efficiency.
- Serve as a resource to junior staff, providing guidance on reinsurance accounting practices and identifying process enhancements and automation opportunities.
- Perform other duties as assigned to support business needs.
Requirements:
- Bachelor's degree in Accounting, Finance, or a related field
- 5+ years of progressive experience, with meaningful focus on insurance or reinsurance.
- Advanced understanding of reinsurance accounting concepts and related GAAP/statutory reporting requirements, including the ability to apply guidance independently to complex or non-standard treaty structures.
- Strong analytical and problem-solving skills with the ability to interpret complex treaty provisions, evaluate variable factors, and determine appropriate accounting treatment with minimal direction.
- Advanced proficiency with Microsoft Excel; proficient with Google Workspace.
- Ability to independently perform complex reconciliations, identify root causes, and drive effective solutions.
- Strong attention to detail and accuracy, with the ability to manage competing priorities in a fast-paced environment.
- Excellent verbal and written communication skills, including the ability to present financial information clearly to non-financial stakeholders and advise cross-functional partners.
- Operates with a high degree of autonomy; comfortable leading initiatives, informally mentoring junior team members, and collaborating across functions.
- Maintains confidentiality of sensitive information and adheres to regulatory and company policies.
Benefits:
- Above-market salary - Branch is a data-driven company, so we do the math on salaries, too. If you get an offer from Branch, you can expect compensation that hits above the mark.
- Pay equity and transparency - Our pay isn’t just market-driven, it’s equitable. We let experience and performance drive your success, never your gender, race, orientation, or beliefs.
- Remote-first (with perks) - Work from where you’re most comfortable. We’ll take care of your work from home set-up and monthly internet. We also have a Columbus headquarters if you’d like to join us in an office.
- Flexible YouTime - We don’t just let you control your own time off. We actually encourage you to use it. After your first year at Branch, we’ll give you $1000 toward your next vacation.
- Employee stock options - You’re not just an employee. If you’re full-time, you’re also a part-owner. You’ll have stock options so you can invest in the company you’re helping to grow.
- Medical, vision, dental - Get all the coverage you need for a healthy, happy life.
- 401k and contribution matching - Invest in your future. Branch helps you get to retirement on time with a portion of your contributions matched each month.
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