Trean Corporation · 6 hours ago
Senior Ceded Reinsurance Accountant
United States
Full-time
Remote
Senior Level
$80K/yr - $90K/yr
5+ years expTrean Corporation is seeking a Senior Ceded Reinsurance Accountant responsible for managing and reporting the financial aspects of reinsurance agreements. The role involves preparing financial reports, ensuring compliance with regulatory obligations, and collaborating with various departments to maintain accurate reporting and data integrity.
ConsultingFinancial ServicesInsurance
Hiring Manager
Cale Weiler
Responsibilities
Assists in preparing financial reports generated monthly, quarterly, and ad-hoc reports for quota share and excess of loss contracts. Assist in preparing GAAP financial statements and ceded Schedule F reports
Interpret reinsurance treaties and facultative agreements, ensuring accounting aligns with contractual terms. Confirm contracts entered in reinsurance system for accurate tracking and reporting
Review and approve analysis of account balances, resolve discrepancies, and ensure appropriate adjustments and reconciliations for reinsurance programs
Monitor and apply cash receipts from brokers and reinsurers. Handle collections and resolve discrepancies with reinsurers or brokers. Create disbursement requests on multiple programs
Maintain documentation for internal and external audits. Ensure compliance with regulatory and contractual obligations
Gather and validate data related to assumed and ceded reinsurance transactions. Reconcile reinsurance balances with internal ledgers and external statements
Schedule F Preparation completing all six parts of Schedule F, including Assumed Reinsurance, Portfolio Reinsurance, Ceded Reinsurance, Letters of Credit, Reinsurance intermediaries, and Aging of Ceded Reinsurance Recoverables
Compliance and Regulatory Reporting – Ensure compliance with NAIC guidelines and state insurance department requirements. Support actuarial and regulatory teams during audits and examinations
Risk Assessment – Evaluate the creditworthiness of reinsurance and ensure proper collateralization. Monitor overdue reinsurance recoverables and assess potential write-offs
Collaboration – Work closely with actuarial, claims, finance, and legal department to ensure accurate and timely reporting
Maintain data integrity in reinsurance system. Collaborate with IT and finance teams to improve automation and workflow efficiency
Qualification
Required
Bachelor's degree, preferably in Accounting/Finance, or equivalent combination of education and work experience
Minimum 5 years' experience within the Reinsurance industry, finance or accounting preferred
Strong knowledge of statutory accounting principles (SAP) and GAAP
Experience with reinsurance systems and general ledger platforms
Strong strategic thinking, problem-solving, and process improvement skills
Advanced proficiency in Microsoft Excel, data reconciliation and financial reporting
Familiarity with NAIC Annual Statement instructions
Excellent communication skills with the ability to influence and collaborate at all organizational levels
Proven ability to manage multiple priorities in a fast-paced environment while ensuring accuracy and compliance
Company
Trean Corporation
Trean Corporation is a reinsurance firm that specializes in reinsurance brokerage, insurance management, and insurance consulting services.
201-500 employees
Funding
Current Stage
Growth StageLeadership Team
Katie Hines, MFA, AINS
Assistant Vice President - Partner Relations
Patricia Ryan
Chief Legal Officer
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