Legal & General · 6 hours ago
Senior Financial Analyst - Reinsurance
Frederick, MD
Full-time
Remote
Mid, Senior Level
$88K/yr - $121K/yr
3+ years exp
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Responsibilities
Draft and coordinate accounting memos/governance documents for new or amended reinsurance agreements
Prepare responses to internal and external audit requests for LGA and subsidiary reinsurance agreement financial reporting
Prepare responses to fiduciary due diligence requests as relates to reinsurance objectives of LGA and subsidiaries
Prepare quarterly analyses of IFRS results for Bermuda subsidiary(ies), including BMA filings and Board/Committee financial results materials
Prepare/review statutory reinsurance schedules and reports
Prepare/analyze reinsurance reports and settlements, including detailed monthly/quarterly asset rollforwards for established reinsurers
Prepare, analyse and explain balance sheet and income statement movements each quarter, related to the impact of reinsurance
Prepare monthly/quarterly intercompany reconciliations and reinsurance tie-outs to support settlements
Prepare various reinsurance closing journal entries
Prepare, analyze and explain Separate Account portfolio balance sheet and income statement movements impacted by reinsurance
Author and maintain external third party reinsurer transfer of risk assessment. Liaise with LGA Reinsurance Administration to procure essential documents.
Coordinate with LGA tax team to obtain accurate tax calculations
Prepare/review reinsurance footnotes for various financial statement disclosures
Maintain processes and controls to ensure accuracy of reported information
Calculate the required compliance information needed for captive reinsurance financiers
Responsible for maintenance of trend analysis of key figures and metrics
Documentation and process improvement initiatives
Ad hoc and other requests to support the team’s objectives and focus areas
Qualification
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Required
BS in Accounting or equivalent four-year college degree
Minimum 3 - 5 years of relevant experience in finance/accounting role
Knowledge of reinsurance structures and relative accounting treatments (i.e coinsurance, modified coinsurance, funds withheld, excess of loss, etc.)
Knowledge of US statutory accounting/RBC required; knowledge of IFRS or Bermuda statutory accounting a plus
Ability to build analytics and models, identify key drivers, and communicate to different audiences
Strong analytical and problem-solving skills
Well organized and high level of initiative
Detail oriented, with ability to handle several tasks with a high level of accuracy
Excellent oral and written communication skills
Ability to work independently and effectively
Ability to prioritize to meet deadlines
Strong team orientation
Facility with software application skills reflecting technical requirements of position
Preferred
CPA preferred
Financial statement preparation or audit background preferred
Knowledge of individual life insurance/annuities; knowledge of pension risk transfer (PRT)/annuities strongly preferred
Experience working with customer/stakeholder roles and/or cross functional teams preferred
Benefits
Health, life, and dental insurance
401K with company match up to 6%
Pension package
Generous time off
Wellbeing initiatives throughout the year
Company
Legal & General
Legal & General provides individual life assurance products and manages retirement risk for pension schemes.
5,001-10,000 employees
Funding
Current Stage
Late StageLeadership Team
Eric Adler
CEO
Chris Knight
Group Chief Risk Officer
Recent News
2024-10-21
Company data provided by crunchbase
