Hire Point Recruiting · 20 hours ago
Reinsurance Accountant
Morristown, NJ
Full-time
Onsite
Mid, Senior Level
$100K/yr - $110K/yr
2+ years expHire Point Recruiting is seeking a Reinsurance Accountant to manage reinsurance accounting and reporting. The role involves recording reinsurance transactions, ensuring compliance with treaty terms, and collaborating with various departments to support financial reporting and audits.
ConsultingHuman ResourcesStaffing Agency
Responsibilities
Record ceded and/or assumed reinsurance premium, losses, commissions, sliding scale adjustments, reinstatement premiums, and other treaty-related transactions
Reconcile treaty balances, statements, and bordereaux to internal financial data
Prepare and submit reinsurance statements (Premium Bordereaux, Loss Bordereaux, Cash Calls, and Statements of Account) for treaty partners
Monitor the accuracy of ceded/assumed reinsurance activity and its impact on financial statements and regulatory filings
Support quarterly and annual close activities, including journal entries, reconciliations, analytics, and variance explanations
Maintain accurate treaty records, documentation, and schedules for active agreements
Ensure compliance with treaty terms, payment schedules, collateral requirements, and reporting deadlines
Assist with audit requests from reinsurers, regulators, and internal/external auditors
Support the setup and implementation of new treaty structures and contract changes
Work closely with underwriting to validate treaty structures and coverage
Collaborate with claims and actuarial on loss reporting, ceded recoveries, and data management
Partner with finance and FP&A to support statutory, GAAP, and management reporting
Interface with treasury on payment execution, recoveries, and collateral/cash call settlements
Qualification
Required
Bachelor's degree in Accounting, Finance, or a related field required
Strong analytical and reconciliation skills with high attention to detail
Ability to interpret treaty language and analyze financial impacts
Strong communication skills and comfort working cross-functionally
Preferred
2–5+ years of experience in reinsurance accounting, insurance accounting, or property & casualty accounting strongly preferred
Experience with ceded, assumed, or retro reinsurance programs a plus
Understanding of P&C insurance concepts, including treaty structures (quota share, excess of loss, stop loss, facultative, etc.)
Experience with insurance accounting systems (e.g., SICS, SAP, Oracle, Workday, Guidewire, Duck Creek, or reinsurance platforms)
Company
Hire Point Recruiting
Hire Point Recruiting offers contract, temporary, and permanent placement hiring solutions and partners with start-ups.
11-50 employees
Funding
Current Stage
Early StageLeadership Team
Anthony Carrea
Managing Partner
Kate Donato
Managing Partner
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