W. R. Berkley Corporation · 2 days ago
Ceded Reinsurance Accountant
Greenwich, CT
Full-time
Onsite
Mid Level
3+ years expW. R. Berkley Corporation is one of the largest commercial lines property and casualty insurers in the United States. The Ceded Reinsurance Accountant is responsible for overseeing the operational and accounting processes related to the company’s ceded reinsurance portfolio, ensuring data integrity, and supporting strategic initiatives.
Auto InsuranceFinancial ServicesHealth InsuranceInsuranceLife InsuranceProfessional ServicesProperty Insurance
Responsibilities
Book and close Ceded Reinsurance Source System accounting, execution of contracts, processing of invoices, and recovery of reinsured losses. Process months end close for multiple business units in source system and general ledger. Involves strong collaboration with divisional and subsidiary personnel, IT teams and offshore teams
Maintain and enhance the ceded reinsurance source system, ensuring data integrity and alignment with general ledger and sub-ledger systems
Ensure accurate and timely recording of ceded premiums, losses, and recoverable. Oversee cash application and reconciliation of reinsurance recoverable and payables
Support the Data Warehouse team in developing out ceded reinsurance solutions
Provide recommendations on upstream data fixes on a case-by-case basis for operating units to review, approve and implement
Review, understand and interpret complex reinsurance treaties, converting them into application specifications and contracts. Monitor treaty compliance and ensure adherence to contractual terms and regulatory requirements
Assist in transformation, change project and implementation
Partner with IT and Finance to implement system upgrades, automation tools, and reporting enhancements
Develop and maintain documentation for operational processes, controls, and system workflows
Understanding of Ceded Group Reinsurance Contract treaties and their allocations
Assist in the calculation of adjustable features, including contingent and sliding scale commissions, on reinsurance programs. Verify that adjustments comply with the reinsurance contracts
Assist in inquiries from Corporate Finance, actuarial, underwriting and Insurance Risk Management (IRM) team
Communicate and training of the offshore team and ensuring quality and accuracy of deliverables
Assist and review in preparation of regulatory reports, experience in Sch F, P, Broker billing and invoicing and Collateral process
Support ad hoc activities/projects
Qualification
Required
Minimum 3 years of experience
Ceded reinsurance experience is a plus
Industry knowledge- strong understanding of reinsurance accounting concepts and ability to understand and interpret reinsurance contracts. Deep understanding of reinsurance structures (quota share, excess of loss, facultative, etc.)
Communication skills- effective communication skills for addressing issues with subsidiary CFO's, controllers, other accounting personnel and reinsurance department personnel
Advanced Excel skills, experience with Reinsurance Source Systems, PeopleSoft a plus. Exposure to automation tools (e.g., Power BI, RPA) is a plus
Highly motivated team player with good written and verbal communication skills
Preferred
Bachelor's degree in finance or accounting is preferred
Company
W. R. Berkley Corporation
Founded in 1967, W. R.
5001-10000 employees
H1B Sponsorship
W. R. Berkley Corporation 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
2021 (1)
2020 (1)
Funding
Current Stage
Public CompanyTotal Funding
unknownKey Investors
Mitsui Sumitomo Insurance Company
2025-12-05Post Ipo Equity
1973-10-19IPO
Leadership Team
R
Richard Baio
Executive Vice President - Chief Financial Officer
E
Edward Linekin
Senior Vice President
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