Reinsurance Accountant Job Description
Sanderson is partnering with a leading provider of reinsurance solutions with a strong international presence, operating as a key player in the reinsurance industry. The company offers a comprehensive suite of reinsurance products across various lines of business.
About the Role
We are seeking a highly motivated Reinsurance Accountant to join our dynamic Reinsurance Operations team on a permanent basis. In this role, you will be responsible for managing all accounting aspects of assigned reinsurance contracts, ensuring accuracy, compliance, and timely reporting.
Duties and Responsibilities
* Verify underwriting data for quota share and/or excess of loss contracts.
* Maintain accuracy of premium information on excess of loss contracts, including endorsements, premium adjustments, and cash allocations.
* Oversee all aspects of quota share programs, including bordereau reporting, claims payments, and cash allocation.
* Monitor aging of accounts receivable and manage collection efforts.
* Liaise with brokers and underwriters to resolve queries, address outstanding receivables, and manage premium adjustments.
* Complete monthly close of underwriting systems.
* Undertake additional projects and tasks as required to support the department.
Requirements
* Bachelor's degree in a relevant field.
* 3-5 years of experience in a similar role within the insurance or reinsurance industry.
* Ability to read and understand reinsurance contracts.
* Knowledge of accounting for quota share and excess of loss contracts.
* Experience with underwriting systems.
* Financial reporting experience in a SOX and SEC regulated environment.
* Fluency in English is required; additional language skills in French, Spanish, or other languages are a plus.