Reinsurance accounting

Role Purpose
Lead and oversee execute external reinsurance accounting activities within the month-end close calendar across reconciliations, journal entries, audit support, settlements, reporting, payment tracking and collateral-related work.
Key Responsibilities
•    Execute end-to-end reinsurance accounting activities, including month-end close, reconciliations, journal entries, settlements, reporting, and financial analysis.
•    Prepare and review General Ledger (GL) and Subledger reconciliations, ensuring accuracy and timely resolution of reconciling items in accordance with close calendar requirements.
•    Perform account reconciliations, payment tracker analysis, and balance validation to support accurate financial reporting and operational controls.
•    Prepare and post a wide range of reinsurance accounting journal entries, including ceding commissions, IBNR reserves, profit sharing, premium and loss adjustments, intercompany transactions, eliminations, reclassifications, and other month-end accounting entries.
•    Prepare GAAP and STAT account reconciliations and support Blackline reconciliation processes, ensuring compliance with internal control and reporting requirements.
•    Support internal and external audit activities by preparing schedules, reconciliations, supporting documentation, and responding to audit requests in a timely manner.
•    Manage reinsurer settlement activities, including invoice reconciliation, payment validation, settlement reporting, and coordination with internal and external stakeholders.
•    Perform recoverable analysis, credit control monitoring, receivable reporting, and outstanding balance reviews to ensure completeness and accuracy of reinsurance balances.
•    Prepare regulatory, statutory, and management reports, including Schedule F reporting, BEA filings, cash flow projections, state filing support, and analyses supporting statutory financial statements.
•    Support collateral management and Letters of Credit (LOC) processes, including collateral analysis, monitoring, and reporting activities.
•    Ensure adherence to accounting policies, regulatory requirements, internal controls, and established month-end close timelines.
•    Identify opportunities for process improvements, standardization, automation, and enhanced operational efficiency across reinsurance accounting processes.
People, Team and Client Responsibilities
•    Lead, guide and support team members in the assigned activities, including work allocation, progress tracking and issue resolution.
•    Review team outputs, support timely completion of close and reporting deliverables, and reinforce process discipline and documentation.
•    Serve as a point of contact for client and internal stakeholders, communicate status and risks clearly, and coordinate resolution of open items.
•    Support team capability through coaching, knowledge sharing, backup planning and cross-training across the assigned process area.
Required Process Knowledge
•    External reinsurance accounting and month-end close calendar discipline.
•    GL and GL-to-subledger reconciliations, payment-tracker analysis and reinsurance journal entries.
•    GAAP and STAT account reconciliation requirements and BlackLine uploads.
•    Reinsurer settlements, invoice reconciliation, recoverables, credit control, letters of credit and collateral analysis.
•    Reinsurance reporting tasks, including the applicable BEA reports and Schedule F support.