Acadia Insurance (a Berkley Company) · 2 months ago
Director, Ceded Reinsurance Accounting
CT, Greenwich
Full-time
Onsite
Senior Level, Lead/Staff
10+ years expAcadia Insurance, a Berkley Company, is a leading commercial lines property and casualty insurer 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 a team to ensure compliance and accurate financial reporting.
Commercial InsuranceInsurance
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
Qualification
Required
10 – 15+ years in ceded reinsurance, understanding treaty and facultative reinsurance
5+ years in a leadership role managing teams and projects
Strong knowledge of reinsurance structures and ceded accounting
Experience with reinsurance systems required and Peoplesoft General Ledger a plus
Strong Excel, MS Office skills
Excellent negotiation, communication, and relationship management skills
Ability to manage multiple priorities in a challenging environment
Strong understanding of reinsurance accounting concepts and ability to understand and interpret reinsurance contracts
Financial Acumen & Analytical Skills
Leadership & Team Development
Regulatory & Compliance Expertise
Process Improvement & Technology Adoption
Effective communication skills for addressing issues with subsidiary accounting personnel and reinsurance department personnel
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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