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Allied World · 3 days ago

Sr. Accountant, Ceded Reinsurance

New York, NY

Full-time

Onsite

Senior Level

$105K/yr - $120K/yr

Allied World is a company focused on insurance and reinsurance, and they are seeking a Senior Accountant for their Ceded Reinsurance team. The role involves managing ceded reinsurance reporting, reconciliation, and regulatory reporting duties within the Finance department.

FinanceFinancial ServicesInsurance

Growth Opportunities

Responsibilities

Insurance/reinsurance accounting activities as it relates to premiums, losses, deposit accounting, collateral, cash allocations and recoveries

Accurate and timely treaty bordereau preparation, validation and distribution

Treaty settlement preparation and collections

Facultative premium and claim validation, settlement and collections

Cash application in ceded application; research open cash items

Researching, reconciling and responding to broker and internal client inquiries

Monthly confirmation and reconciliation of system generated ceded balances to general ledger source reports

Quarter and Year End reporting

Provide support to internal audit and external GAAP auditors as required

Special projects as needed including data analysis and reconciliations, external reporting and process improvement projects

Review of aging collection status of outstanding reinsurance recoverables and resolve issues delaying payment

Qualification

Reinsurance accountingTreaty settlement preparationFinancial reportingData analysisProcess improvement

Required

Responsible for treaty and facultative ceded reinsurance reporting and payable and receivable reconciliation and resolution as well other regulatory reporting duties in the Finance department