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UFG Insurance · 22 hours ago

Director, Reinsurance Accounting

Cedar Rapids, IA

Full-time

Onsite

Senior Level, Lead/Staff

$155K/yr - $204K/yr

10+ years exp

UFG Insurance is seeking a Director of Reinsurance Accounting to provide strategic and operational leadership for the reinsurance accounting function. The role involves overseeing financial reporting, ensuring compliance with accounting principles, and collaborating with various teams to enhance processes and systems.

Financial ServicesInsurance

H1B Sponsor Likely

Responsibilities

Provide strategic direction and oversight for all reinsurance accounting functions, including premiums, losses, commissions, and related financial reporting

Lead and develop a high-performing reinsurance accounting team, fostering professional growth, accountability, and collaboration

Drive the implementation of best practices and standardized processes across reinsurance accounting to enhance accuracy, efficiency, and internal control

Partner with Finance leadership to align reinsurance accounting initiatives with enterprise objectives, ensuring consistent communication of financial results and impacts

Oversee the preparation, review, and analysis of reinsurance financial reports under both GAAP and statutory accounting frameworks

Interpret complex treaty agreements to ensure proper accounting and administrative treatment

Communicate financial implications of reinsurance structures and transactions to executive management and key stakeholders

Ensure timely and accurate completion of monthly, quarterly, and annual reinsurance close processes, including settlements, reconciliations, and reporting

Support the development and maintenance of accounting policies and procedures related to reinsurance, ensuring compliance with internal controls and Sarbanes-Oxley (SOX) requirements

Oversee coordination of internal and external audits related to reinsurance accounting

Collaborate closely with Actuarial, Underwriting, Claims, Legal, and Technology teams to ensure accurate integration of treaty terms into financial systems and reporting processes

Partner with the Finance Systems and Data teams to identify and implement tools or automation that improve the accuracy and efficiency of reinsurance accounting processes

Maintain a proactive understanding of emerging accounting standards, industry regulations, and reinsurance market trends; assess their impact on financial reporting and business operations

Lead or participate in enterprise-level modernization and transformation initiatives, including the implementation of reinsurance accounting systems and enhancements to reporting tools

Identify and drive opportunities for process improvement, automation, and data standardization across reinsurance accounting

Develop and monitor metrics to evaluate the quality, efficiency, and timeliness of reinsurance accounting deliverables

Qualification

Reinsurance accountingGAAP complianceStatutory reportingData reporting toolsPropertyCasualty experienceLeadership experienceAnalytical skillsStrategic planningProcess improvementCommunication skills

Required

Bachelor's degree in Accounting or Finance required

10+ years of reinsurance accounting experience, including GAAP and statutory reporting

8+ years of progressive leadership experience managing teams within a financial or insurance organization

Deep understanding of property and casualty reinsurance structures, treaty accounting, and regulatory compliance

Proven experience leading complex reinsurance accounting operations, including systems implementations or process transformation initiatives

Strong strategic planning, analytical, and decision-making skills

Proficiency in data and reporting tools (e.g., Excel, Power BI, Alteryx) and experience with reinsurance subledger or ERP systems

Excellent interpersonal, verbal, and written communication skills with the ability to effectively interact with executive management and external partners

Demonstrated ability to lead through ambiguity, influence outcomes, and deliver results in a fast-paced, regulated environment

Preferred

Certified Public Accountant (CPA) strongly preferred

Prior property and casualty industry experience, preferred

Benefits

Annual incentive compensation

Medical, dental, vision & life insurance

Accident, critical Illness & short-term disability insurance

Retirement plans with employer contributions

Generous time-off program

Programs designed to support the employee well-being and financial security.

Company

UFG Insurance

The United Fire Group (UFG) companies join together to offer a range of property/casualty products.

Founded in 1946

Cedar Rapids, Iowa, USA

501-1000 employees

https://www.ufginsurance.com/

H1B Sponsorship

UFG Insurance has a track record of offering H1B sponsorships. Please note that this does not guarantee sponsorship for this specific role. Below presents additional info for your reference. (Data Powered by US Department of Labor)

Distribution of Different Job Fields Receiving Sponsorship

Represents job field similar to this job

Trends of Total Sponsorships

2025 (1)

2024 (1)

2023 (3)

2021 (3)