Westfield Specialty Insurance · 3 months ago
Senior Reinsurance Accountant
Westfield Center, OH, United States
Full-time
Hybrid
Mid, Senior Level
3+ years expWestfield Specialty Insurance is seeking a Senior Reinsurance Accountant responsible for providing accurate financial information to management through detailed analysis and reporting. The role involves managing financial operations related to reinsurance, ensuring compliance with accounting standards, and supporting audits to maintain the company's financial health.
Insurance
Responsibilities
Leads frequent communication with external customers, including state and federal regulators and auditors, internal business partners at all levels in the organization, and reinsurance brokers on topics such as responding to their specific questions on regulatory filings, the process used to calculate a journal entry, or questions on what specific reinsurance transactions are captured in a certain line or reinsurance bordereaux
Develops and implements accounting policies and procedures to ensure compliance with GAAP and company standards, performs analysis of financial data to identify trends and variances, and prepares financial reports and statements for management review and decision making
Coordinates and oversees the month-end close process, including preparation of journal entries and reconciliations of accounts, and reviews and approves the work of staff accountants to ensure accuracy and completeness of financial data
Assists in the preparation and review of regulatory filings, including premium and tax reports, and responds to inquiries from regulatory agencies and auditors
Acts as a liaison between the accounting department and other departments within the company, providing guidance and support on accounting issues and policies, and promoting a collaborative and communicative work environment
Participates in special projects and initiatives, including system implementations, process improvements, and other strategic initiatives, and provides leadership and guidance to project teams
Provides training and mentorship to staff accountants and supports their professional development and growth within the organization
Conducts research and analysis on emerging accounting issues and trends and provides recommendations to management on accounting policies and procedures to ensure compliance with evolving regulations and industry standards
Works with business leaders and others within the Finance department to ensure that the accounting system accurately reflects reinsurance transactions for internal and external reporting
Qualification
Required
3+ years of experience in Accounting or a related field
Bachelor's degree in Accountancy, Finance or a related field and/or commensurate experience
Certified Public Accountant (CPA)
Preferred
Reinsurance experienced preferred
Company
Westfield Specialty Insurance
Westfield Specialty is a prominent specialty insurance carrier, leveraging the financial strength of Westfield, a leading U.S.-based property and casualty insurance company and the well-established Lloyd’s of London Syndicate 1200.
201-500 employees
Funding
Current Stage
Growth StageLeadership Team
Brad Kass
Chief Operations Officer
Manoj Jain
Chief Information Officer
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