Senior Reinsurance Accountant

Posted 5hrs ago

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Job Description

Senior Reinsurance Accountant managing ceded and assumed reinsurance accounting for UFG Insurance. Preparing financial reports, reconciliations, controls, and audit support under GAAP and statutory principles.

Responsibilities:

  • Prepare and review ceded and assumed reinsurance journal entries, reconciliations, and supporting schedules for monthly, quarterly, and annual closings
  • Assist with reinsurance-related financial statement disclosures, statutory schedules, and management reports
  • Analyze reinsurance results and variances, providing insights and explanations to management
  • Review treaty terms and documentation to ensure proper accounting treatment under GAAP and statutory accounting principles
  • Collaborate with actuarial, underwriting, claims, and finance teams to resolve discrepancies and ensure data integrity
  • Support cash settlement processes, including billing, collections, and reconciliations of reinsurance receivables and payables
  • Maintain SOX-compliant documentation and adherence to internal control requirements
  • Assist with audit requests, including internal controls and testing evidence
  • Participate in process improvement, reporting standardization, and data-flow automation initiatives
  • Mentor team members by sharing reinsurance accounting and reporting best practices
  • Support system enhancements and testing for reinsurance accounting and financial reporting applications
  • Support Finance transformation initiatives to modernize systems and standardize financial processes

Requirements:

  • Bachelor’s degree in accounting or finance required
  • Certified Public Accountant (CPA) or progress toward certification preferred
  • 3–6 years of reinsurance or insurance accounting experience
  • Prior experience within property and casualty insurance preferred
  • Strong understanding of GAAP and statutory principles
  • Strong analytical and problem-solving skills with attention to accuracy and detail
  • Proficiency with Microsoft Excel
  • Experience with financial systems or reinsurance subledgers desirable
  • Excellent communication and collaboration skills across cross-functional teams
  • Ability to manage multiple priorities, meet deadlines, and work effectively in a dynamic environment
  • Infrequent travel, only as needed

Benefits:

  • Annual incentive compensation
  • Medical, dental, vision & life insurance
  • Accident, critical Illness & short-term disability insurance
  • Retirement plans with employer contributions
  • Generous time-off program
  • Programs designed to support the employee well-being and financial security