Acadia Insurance (a Berkley Company) · 4 months ago
Senior Reinsurance Accountant
US-CT-Stamford
Full-time
Onsite
Senior Level
5+ years expAcadia Insurance, part of the Berkley Corporation, is a leading commercial lines property and casualty insurer. The Senior Reinsurance Accountant will oversee accounting processes related to reinsurance treaties, ensuring financial data integrity and supporting strategic initiatives.
Commercial InsuranceInsurance
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
A bachelor's degree in finance or accounting is preferred - an associate's degree is the minimum
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
Experience with Reinsurance Source Systems
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
Courses in Computer Science and / or Insurance Certifications are a plus
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
Acadia Insurance (a Berkley Company)
Acadia Insurance specializes in commercial property casualty insurance. Our company began in 1992 insuring businesses in Maine.
201-500 employees
Funding
Current Stage
Growth StageLeadership Team
Simone Grimes, CPA, MBA
Chief Financial Officer
Steve Rich, CPCU
Senior Vice President & Chief Claims Officer
Recent News
2024-03-06
Coverager - Insurance news and insights
2022-06-28
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