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Allied World · 4 months ago

Accountant, Ceded Reinsurance

US-CT-Farmington

Full-time

Onsite

Mid Level

$95K/yr - $105K/yr

3+ years exp

Allied World is a global provider of insurance and reinsurance solutions. They are seeking an Accountant for Ceded Reinsurance to assist with ceded reinsurance processing, contract setup, and financial audits while collaborating with IT for system enhancements.

FinanceFinancial ServicesInsurance

Growth Opportunities

Responsibilities

Ceded Reinsurance Processing

Respond to questions from global departments with regards to ceded reinsurance

Set up of treaty and facultative contracts in the ceded reinsurance system in line with underlying contract terms and conditions

Review of weekly ceded reinsurance claims calculation from the ceded reinsurance system

Review weekly ceded premium result from the ceded reinsurance system

Review of biweekly facultative notice and billing document generation

Along with IT, responsible for initiating weekly and monthly ceded premium and loss calculations

Along with IT, responsible for completing the monthly application close

Assist with the implementation of ceded reinsurance system enhancements

Assist with company expansion into new territories including new product development

Financial External Auditor Support

State Examiner Support

Internal Audit Support

Qualification

Ceded reinsurance accountingCeded reinsurance applicationsTreatyFacultative terminologyMicrosoft ExcelSystemProcess developmentInformation technology experienceDegree in AccountingFinanceMeet deadlinesCommunication skillsOrganization skills

Required

Minimum 3 years ceded reinsurance accounting experience

Familiarity with treaty and facultative insurance contract terminology

Experience with ceded reinsurance applications

Strong information technology experience including familiarity with Microsoft office, specifically Excel

Experience in the development of efficient systems and processes

Excellent communication skills

Superior organization skills

Proven ability to meet strict reporting deadlines, ability to deal with time pressure

Undergraduate Degree in Accounting of Finance

Benefits

Health, Dental and Disability Insurance

A company match 401k plan

Group Term Life Insurance

Company

Allied World

About Allied World Allied World Assurance Company Holdings, Ltd, through its subsidiaries, is a global provider of insurance and reinsurance solutions.

Founded in 2001

Hamilton, Hamilton, BMU

1001-5000 employees