ICW Group · 17 hours ago
Reinsurance Accounting Manager
United States
Full-time
Remote
Senior Level
$91K/yr - $153K/yr
5+ years expICW Group is a reputable insurance carrier with over 50 years of experience, seeking a Reinsurance Accounting Manager to lead their accounting operations. This role involves managing accounting teams, ensuring compliance with regulations, and overseeing reinsurance accounting processes to support the company's financial growth goals.
Financial ServicesInsurance
No H1B
Responsibilities
Develops functional accounting policies, procedures, and processes
Adheres to consistent financial reporting cycle for both accounting deadlines and statutory reporting deadlines. Ensures accuracy and completeness of deliverables
Formulates organizational policies that will have a far-reaching impact on the organization
Develops, implements, and follows up on methods to increase productivity and decrease expenses
Identifies, researches, resolves, and follows up on problems and opportunities generated by the reconciliation of accounts including any inefficiency of department policies and procedures
Maintains strong internal controls and ensures compliance with regulatory and contractual requirements
Supports audits (internal, external, and regulatory) by providing required documentation and explanations
Participates in new system projects and the implementation of new systems
Leads system enhancements or implementations
Identifies system problems, recommends solutions, and follows through until the problem is resolved
Implements policies and procedures to maintain workflow standards
Interfaces with department managers, vendors, and IT project managers
Oversees unit(s) within the Accounting department
Manages the Assumed & Ceded, Treasury, Accounts Payable, Regulatory Tax Compliance, and/or Corporate General Ledger units
Reviews bank statement reconciliations and accounting analyses
Advises management on decisions and resolutions for department issues
Prepares accounting reports upon request and analyzes and interprets results
Oversees the month-end and quarter-end close processes. Calculates and review quarterly adjustments
Audits past files for accuracy and completeness
Oversees and reconciles all related General Ledger accounts. Ensures all recorded transactions are in line
Manages Reinsurance accounting, financial, and operational processes
Oversee the timely and accurate recording of all reinsurance premiums, losses, commissions, and related transactions. Audits for accuracy, completeness, and compliance with reinsurance contract specifications
Works closely with assumed underwriting team to assure accuracy and completeness of assumed transactions
Calculates ceded premium, reinstatement premium, commissions, and profit commission transactions per reinsurance contracts specifications
Prepares ceded premium statements and bordereau. Reviews all invoices/bordereaux with premium, losses, commission, brokerage etc. (including allocation of losses to ASL)
Works directly with brokers, and reinsurance companies to resolve disputed items
Works with staff to monitor the recoverable aging report
Reviews reinsurance contracts/agreements and apply parameters to accounting of transactions
Mitigates non-admitted assets through timely collections of balances due and establishment of LOCs for outstanding liabilities per reinsurance treaty terms
Reviews initial premium booking with allocation of premiums to annual statement lines (ASL), along with premium adjustments or other endorsements
Reviews ceded payables and calculates the annual premium adjustments. Collects ceded paid losses / loss expense recoverables
Manages team that assembles all reinsurance statutory schedules including Schedule F, reinsurance footnote. Reviews relevant balance sheet and income statement line items
Develops and supervises a team of Accounting personnel
Provides daily direction to members of the Accounting team. Communicates Mission, Values, and other organization operating principles to direct reports
Establishes and maintains the overall work cadence and, in partnership with Department leadership, ensures performance and outcomes strive for excellence in delivery and customer experience. Ensures that the entire team is engaged and that leadership practices encourage development, recognition, and retention
Establishes and adheres to hiring criteria, on-boarding, and training requirements for incoming staff
Oversees the performance management and development process for the team and performs performance management duties, development planning and coaching for direct reports
Acts as a resource for team members to answer questions and solve complex problems
Manages budget, technology and other resources, workload, and customer requests for Department services. Ensures adherence to all Company policies and procedures and Compliance responsibilities
Ensures data quality, adherence to IT security guidelines, profitability and other risk-related metrics for self and members of the team
Directly supervises employees within the Accounting team and carries out supervisory responsibilities in accordance with company policies and applicable laws. These responsibilities include interviewing, hiring, and training employees; planning, assigning, and directing work; conducting performance and salary reviews; rewarding and disciplining employees; addressing complaints and resolving problems; coaching, mentoring, and developing team members to further their skills and knowledge; creating and monitoring development plans; setting performance expectations/goals; forecasting staffing needs and planning for peak times and absences; enforcing department policies and procedures
Qualification
Required
Bachelor's degree in Business Administration, Accounting, Finance, or related field
Minimum 5-7 years of related experience in public or private Accounting
Minimum 5 years of related experience leading, managing, coaching or mentoring a team
Must be able to manage multiple accounting operations areas simultaneously
Broad, in-depth understanding of Accounting principles, concepts, operations, and practices of the business unit
Highly developed written oral and presentation skills, and ability to effectively interact with management, employees, regulators, and external auditors
Demonstrated leadership competencies and ability to plan, coordinate and supervise employees, and all aspects of the accounting systems
Advanced skills in Microsoft suite applications
Benefits
Generous medical, dental, and vision plans
401K retirement plans and company match
Bonus potential for all positions
Paid Time Off
Paid holidays throughout the calendar year
Support you 100%
Company
ICW Group
ICW Group Insurance Companies is a top-tier, national, multi-line Property & Casualty insurance company, providing comprehensive coverage to safeguard our customers’ world.
1001-5000 employees
Funding
Current Stage
Late StageLeadership Team
Rob deViere
Vice President, Head of Distribution & Marketing
Iva Yuan
Chief Actuary, Head of Reserving, Pricing and Product
Recent News
2025-10-09
Company data provided by crunchbase