5 Reinsurance Accounting Jobs

You will be responsible for reviewing ceded/assumed premium, commission, losses & IBNR results from the reinsurance system. Ensuring accurate accounting for premiums, claims, commissions, and reserves will be a key part of your role. You will also be preparing, reviewing, and analyzing monthly, quarterly, and annual financial statements, along with journal entries to correct any discrepancies in financial records. Maintaining proper transaction records and ensuring accurate consolidation of financial data for GL reconciliation will be essential. Additionally, you will assist in the preparation of internal and external regulatory reporting filings. Identifying areas for process improvement and implementing solutions to enhance efficiency and accuracy in accounting functions will be a part of your responsibilities. You should be comfortable working as part of a larger finance team and interact effectively with other departments such as underwriting, claims, and actuarial teams. Collateral review and management will also be within your scope of work. To excel in this role, you must possess good written and verbal communication skills, strong attention to detail, analytical skills, and problem-solving abilities. Being committed to specific objectives, taking ownership for accomplishing them, and balancing quality, customer service, and productivity standards are crucial competencies. You should be able to prioritize tasks, multitask efficiently, and work effectively in a fast-paced, deadline-driven environment. Excellent communication and interpersonal skills are required for successful collaboration within the team. To be eligible for this position, you need a Bachelor's degree in accounting, Finance, or a related field, along with 5+ years of experience for Assistant Manager (AM) and 7+ years of experience for Lead Assistant Manager (LAM) in reinsurance accounting. A strong understanding of GAAP and insurance industry-specific accounting practices is necessary. Proficiency in MS Excel (including IF functions, VLOOKUP, HLOOKUP, PIVOT, INDEXMATCH), PowerPoint, and accounting software is essential. Experience in the Reinsurance/Insurance domain, particularly in Sapiens, is preferred. Extensive knowledge of the US insurance and Insurance/Reinsurance Finance is an added advantage for this role.,

Senior Analyst Reinsurance, Assurant-GCC, India The Senior Analyst will be a member a transformation team within the Reinsurance division to drive the successful execution of the AIM Reimagine initiative. This role will execute project plans, task lists, according to agreed upon timelines. The Senior Analyst will assist the project manager with liaising between AIM system users and developers, facilitating effective communication, issue resolution, and prioritization of enhancements. Key responsibilities will include coordinating user acceptance testing, ensuring data accuracy, maintaining audit documentation, and overseeing Go-Live readiness. The ideal candidate will bring expertise in reinsurance finance and operations, working cross-functionally to deliver system enhancements and drive process improvements. Strong technical aptitude, project management, and communication skills are essential for success in this role. This position will be Bangalore/Chennai/Hyderabad at our India location. What will be my duties and responsibilities in this job? Collaborate with business stakeholders to gather, analyze, and document system requirements to support reinsurance finance workflows and reporting needs Lead and coordinate user acceptance testing (UAT) for AIM system changes and enhancements, ensuring functionality meets business requirements and data accuracy standards. Communicate with IT and reinsurance operations team to update system rules effectively Perform reconciliations between Assurant system and client data and able to extract details needed Create Alteryx workflows to help automate manual process related to enhancing process improvements within AIM Reimagine Work with Management to ensure detailed tasks are being updated and managed per the expected timelines Monitor and validate data flows between AIM and downstream systems, identifying and troubleshooting discrepancies in financial and operational data. Provide subject matter expertise in reinsurance accounting and operations to support the accurate configuration and functionality of the AIM platform. Work with cross-functional teams to implement end-to-end system enhancements, from requirements gathering and design through development, testing, and production rollout Develop and maintain process documentation, user guides, and training materials for AIM system users Drive continuous improvement initiatives to optimize the accuracy, efficiency, and usability of the AIM platform Support financial close processes by ensuring AIM data integrity and resolving system-related issues that impact financial reporting Other Ad Hoc Projects as directed by Management What are the requirements needed for this position? Bachelors degree in business administration, accounting, finance or related field Experience 2+ years of experience in project execution / management or related role within the insurance or reinsurance industry. Skills Transformation Mindset, challenging the status quo Experience with Alteryx or other data analytics tools Excellent analytical and problem-solving skills, with the ability to develop innovative solutions Effective communication and interpersonal skills What are the other Preferred Experience, Skills, and Knowledge? - Understanding of insurance/reinsurance accounting - Able to thrive in a fast-paced environment - Strong verbal and written communication skills - Strong interpersonal skills required - Ability to multi-task, work under pressure and meet deadlines - Accuracy and attention to detail - Strong organizational skills - Advanced Microsoft Excel skills including pivot tables, V-look ups, Power BI - Application expertise in Microsoft Office, Smartsheet, Visio, and Alteryx - Able to work independently - Able to adapt to a flexible work environment.

We are seeking an accounting specialist with 4-5 years of experience to become a valuable part of our team. You excel in your role because you possess several key qualities. You are adept at concise and specialist problem-solving, constantly striving for continuous improvement and challenging the status quo. Your versatility, ingenuity, and innovative mindset set you apart. You are known for showing initiative, a keen interest in learning and understanding processes, and you excel in teamwork, demonstrating strong interpersonal skills, effective communication, and tact. Additionally, you possess excellent organizational skills and have the ability to prioritize workload effectively. As a member of our accounting and reporting team, your responsibilities will include various key tasks. You will be tasked with executing reinsurance accounting and reporting activities during month-end and quarter-end processes. This will involve preparing reinsurance journal entries, providing monthly or quarterly analyses to validate reinsurance results, and implementing necessary controls to ensure the accuracy of financial outcomes within your purview. You will also be responsible for managing required collateral from reinsurers, collaborating with the treasury and capital teams to maintain appropriate capital levels, conducting key account reconciliations to guarantee the accuracy and completeness of reinsurance balances, and facilitating reinsurance settlements with key reinsurers. Furthermore, you will be involved in preparing financial statement disclosures and regulatory reporting for insurance regulators, such as Pc1. Providing valuable insights and recommendations to your leader regarding reinsurance results will also be part of your role, along with implementing, executing, and enhancing key controls to ensure the delivery of high-quality improvements. Collaboration with multiple stakeholders to ensure alignment in the month-end closing process and evaluating current processes to propose recommendations for increased efficiency and quicker results will be key aspects of your responsibilities. Requirements for this role include being a Chartered Accountant (CA) - a mandatory qualification, a minimum of 3 years" experience in insurance financial services, strong oral and written communication skills to facilitate the quick turnaround of information, proficiency in problem-solving to identify issues in complex situations, experience in agile learning environments requiring adaptability to change, as well as discipline, autonomy, and professionalism. The ability to interact effectively with individuals at all levels of the organization, including management and external stakeholders, is also essential for success in this role.,

Role & responsibilities Analyzing the premium and loss histories of the Fac business. Establishing and maintaining relationships with internal and external clients extending to regular calls and engagements with the external markets. Analysis, booking and reconciliation of various reinsurance accounts. Handling of cash activity for assigned clients including application, collection, and accounts payable. Work closely with other internal departments on resolving the query as and when required. Preferred candidate profile Graduate / Postgraduate with relevant years of experience within the Reinsurance industry. Current relationship with various brokers and reinsurers with a history of credit controlling is preferable. Technical Accounting Experience. Experience in MS Excel and PowerPoint is required. Self-starter who is solution-orientated and can work within a team environment. Resiliently develops, communicates, and oversees the execution of solutions to resolve issues persistent within the portfolio

Roles and Responsibilities Provide technical expertise on reinsurance accounting, including premium recognition, claims reserves, unearned premium reserve, reconciliation, net premiums, book closing, and reinsurance recoverables. Collaborate with internal stakeholders to resolve complex accounting issues related to reinsurance contracts. Ensure accurate and timely processing of reinsurance transactions to meet regulatory requirements. Develop and maintain strong relationships with clients by providing exceptional customer service and support. Stay up-to-date with industry developments and best practices in technical accounting for reinsurance. Desired Candidate Profile 3-5 years of experience in Technical Accounting - Reinsurance or similar role. Strong knowledge of P&C Insurance/Reinsurance products and processes. Proficiency in Microsoft Office Suite (Excel) is required; prior experience working with insurance software systems an asset.