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W. R. Berkley Corporation · 2 days ago

Director, Ceded Reinsurance Accounting

Greenwich, CT

Contract

Onsite

Senior Level, Lead/Staff

10+ years exp

W. R. Berkley Corporation is one of the largest commercial lines property and casualty insurers in the United States. The Director of Ceded Reinsurance Accounting is responsible for shaping and executing the company's ceded reinsurance strategy, overseeing system implementation, and managing the centralized Reinsurance Operations and accounting team to ensure compliance and accurate financial reporting.

Auto InsuranceFinancial ServicesHealth InsuranceInsuranceLife InsuranceProfessional ServicesProperty Insurance

No H1B

Responsibilities

Lead the Ceded Reinsurance New System Implementation and stabilization activities including process documents for new workflows, coordinating, and executing system testing, identifying, and resolving issues in collaboration with IT teams, managing final implementation, and ensuring smooth transition to production

Overseeing post-implementation support and continuous improvement. Assist in consolidation of historical ceded reinsurance data into one platform. Coordinate reconciliation of balances and recoverable post migration

Lead and manage a team of ceded reinsurance professionals while maintaining standards for quality, accuracy, timeliness, and staff engagement

Ensure effective execution of reinsurance accounting, execution of contracts, processing of invoices, and recovery of reinsured losses and ensure timely settlements

Manage Corporate Reinsurance contracts into Reinsurance systems

Promote learning and performance metrics within team for continued efficiency

Provide Technical Reinsurance guidance and training to the team

Understanding, preparing, and reviewing various reinsurance schedules and statements of accounts

Support monthly/quarterly and annual financial close activities, cash business processes, reconciliations, reporting. and timely resolve outstanding issues

Ensure compliance with internal audit requirements and regulatory standards

Develop strong, productive relationships with stakeholders, Risk Management, and Operating Units

Drive automation and process improvements, including system enhancements and workflow optimization