Windward Risk Managers ยท 5 hours ago
Reinsurance Accounting Manager
Boca Raton, FL
Full-time
Onsite
Senior Level
7+ years expWindward Risk Managers is seeking a Reinsurance Accounting Manager to oversee and manage complex reinsurance reporting initiatives. The role involves ensuring timely and accurate financial reporting, compliance with statutory accounting principles, and managing financial transactions related to reinsurance.
FinanceInsuranceProperty Insurance
No H1B
Responsibilities
Timely and accurately calculate and book complex ceded reinsurance transactions (quota share and catastrophe)
Submit loss bordereaux and billings within contract terms
Monitor and manage the timely collection of balances due from reinsurers, including the maintenance of an inventory of receivables by reinsurer
Research accounting guidance and apply appropriate accounting guidance to complex reinsurance transactions and structures
Prepare statutory schedules required in periodic regulatory filings (Schedule F)
Ensure that adequate collateral is maintained for unauthorized and certified reinsurers
Make certain that reinsurance premiums and any premium adjustments are accounted for correctly
Confirm that premium remittances are accurate, and that remittance is timely and maintain a schedule of payables to reinsurers
Periodically report to senior management on the status and performance of reinsurance programs by treaty year
Respond to various reinsurance broker or reinsurer inquiries as necessary
Facilitate successful audit requests or regulator related inquiries or procedures
Lead and mentor a Reinsurance Accountant, providing guidance, training, and performance evaluations
Other miscellaneous reinsurance related responsibilities due to program changes or commutations
Qualification
Required
Bachelor's degree in accounting or finance
7 - 10 years of statutory accounting and financial reporting experience
Recent property and casualty reinsurance accounting experience
Preferred
Proven supervisory experience, with strong leadership and team management skills
In-depth knowledge of reinsurance principles, accounting standards, and regulatory requirements
Excellent analytical, problem-solving, and organizational skills and strong attention to detail and accuracy
Effective communication and interpersonal skills, with the ability to collaborate across departments and with external partners
Ability to multi-task, meet deadlines and prioritize workload
Ability to identify and communicate issues within the ceded reinsurance accounting process
Company
Windward Risk Managers
Windward Risk Managers is an MGA for homeowners carriers, overseeing Florida Peninsula, Edison, and Ovation.
201-500 employees
Funding
Current Stage
Growth StageCompany data provided by crunchbase