Responsible for the accurate cession processing, accounting, administration, and regulatory reporting of the reinsurance portfolio and systematic enhancement of reinsurance processes. This position reports to the Manager of Reinsurance Accounting.
- Ownership of the accuracy and completeness of monthly reinsurance cessions, including both system-generated cessions and manually booked cessions
- Perform complex manual reinsurance calculations
- Perform monthly reinsurance balance sheet account reconciliations
- Actively monitor aging collection status of outstanding reinsurance recoverables and resolve issues delaying payment
- Prepare and upload general ledger and data warehouse entries
- Perform monthly/quarterly reporting and billing to reinsurers
- Perform monthly/quarterly financial reporting and variance analysis packages
- Perform Schedule F and other statutory reporting requirements
- Review collateral requirements of reinsurance agreements and ensure the firm is fully funded
- Develop systematic process enhancements to facilitate execution and analysis
- Lead or assist with special projects, system enhancements, testing, data pulls, and ad hoc reporting requests as needed
- Ensure effective SOX controls are maintained and followed
- Work closely with other Reinsurance Operations team members, as well as Actuaries, Underwriting, Claims, IT, and Finance.