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Senior Reinsurance Accountant

  • Location:

    New Jersey

  • Salary:

    Negotiable

  • Contact:

    Ryan Borchers

  • Contact email:

    Ryan.Borchers@ojassociates.com

  • Job ref:

    JOB-102020-129112_1604074136

  • Published:

    over 3 years ago

  • Expiry date:

    2020-11-29

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.

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