Berkley Re (a Berkley Company) · 1 day ago
Senior Reinsurance Accountant
Stamford, CT
Full-time
Onsite
Senior Level
5+ years expBerkley Re is a specialty P&C reinsurer within the Berkley Reinsurance Segment, providing reinsurance solutions for insurers. The Senior Reinsurance Accountant is responsible for overseeing operational and accounting processes related to reinsurance treaties and ensuring the integrity of financial data.
Insurance
No H1B
Responsibilities
Review, understand and interpret complex reinsurance treaties, ensure adherence to contractual terms and regulatory requirements
Accurate and timely recording of assumed and ceded premium, losses and related transactions
Oversee automated cash applications and manually apply cash transactions as well as the reconciliation of receivables and payables
Prepare ceded bordereau for distribution
Maintain reporting and settlement in conjunction with the terms of the contract
Manage premium receivable aging and follow up with the broker for late reporting, overdue payments and contract related discrepancies
Assist in calculations of adjustable features, including contingent and sliding scale commissions, including verification to related reinsurance contract
Preparation of STAT reporting for consolidation, including Schedule F
Support Financial Reporting for general ledger inquiries related to reconciliations & balance sheet analysis
Handle all inquiries for assigned accounts
Assist in transformation, project change and implementation
Support ad hoc activities and projects
Qualification
Required
Minimum of 5 years' experience in reinsurance operations - Facultative and Treaty
Industry knowledge and a strong understanding of assumed and ceded reinsurance accounting concepts
The ability to understand and interpret complex reinsurance contracts
Deep understanding of reinsurance structures (quota share, excess of loss, facultative, etc.)
Strong Communication skills with the ability to express views clearly in both oral and written form to finance, underwriting, actuarial and claims executives
Advanced Excel skills and SQL knowledge
Flexibility – to adapt to changing departmental needs
Accountability – Understands expectations and is reliable and dependable
Analytical – Can independently recognize inconsistencies and conclude issues effectively
A motivated team player with the ability to operate independently with limited supervision
Preferred
A bachelor's degree in finance or accounting is preferred - an associate's degree is the minimum
Courses in Computer Science and / or Insurance Certifications are a plus
Experience with Reinsurance Source Systems. XLPro system knowledge is a plus
Exposure to automation tools (e.g., Power BI, RPA) is a plus
Benefits
Health
Dental
Vision
Life
Disability
Wellness
Paid Time Off
401(k)
Profit-Sharing plans
Company
Berkley Re (a Berkley Company)
Berkley Re provides other insurance companies and self-insured businesses with assistance managing their net risk through reinsurance in one of two ways: (1) treaty reinsurance on a portfolio basis, in which Berkley Re agrees to reinsure either a portion of the primary insurer’s business or certain classes of business defined under an agreement known as a treaty; or (2) facultative reinsurance, in which Berkley Re agrees to cover certain risks on a case-by-case basis.
51-200 employees
Funding
Current Stage
Growth StageLeadership Team
Thomas Lee, FCAS FCIA MAAA
Chief Operating Officer, Chief Actuary
Company data provided by crunchbase