Lincoln Financial ยท 3 days ago
Director, Reinsurance Accounting
Radnor, PA
Full-time
Remote
Senior Level
$90K/yr - $165K/yr
5+ years exp
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Responsibilities
Evaluate reinsurance transactions, their structure and financial accounting implications of these transactions.
You will also draw on your years of experience in identifying and recommending best practice opportunities to improve efficiencies as new reinsurance processes are established.
The Life Insurance industry is leveraging Reinsurance more and more- you will be adding to your skill set while being exposed to the latest deals in Reinsurance in the Life Insurance industry.
Ability to read reinsurance treaty agreements and apply concepts in the agreements to the appropriate accounting and administrative approach.
Research accounting guidance and apply appropriate accounting guidance to complex reinsurance transactions and structures.
Understand, evaluate, and conclude on risk transfer as it applies to new transactions on both a GAAP and Statutory basis.
Collaborate on proforma financial statements for new and/or amended reinsurance accounting transactions.
Review and analyze proforma financial statements to determine impacts of the transactions to the enterprise and ensure proforma financial statement reporting is accurate.
Explain the financial statement impacts of the reinsurance transaction to key stakeholders and leaders.
Evaluate treaty administrative implications of reinsurance structures to ensure the Reinsurance Accounting team can support ongoing administrative requirements.
Responsible for Reinsurance reporting, internal and external, on new and current reinsurance transactions.
Support a timely and accurate monthly and quarterly financial close process.
Understand the relationship of applicable systems and data required to account for and support administration of new transactions as applicable.
Develop control processes to ensure effective procedures are in place to support internal operating and SOX controls as new transactions are established.
Identify and recommend best practice opportunities to improve efficiencies as new reinsurance processes are established.
Provide training and development opportunities, including stretch assignments, for team members and give honest and open feedback to aid in the development of talent.
Establish and implement individual and team priorities, performance goals and objectives.
Manage and evaluate individual/team performance and take appropriate action to meet and/or exceed performance standards.
Ensure that top talent is hired and retained to support these responsibilities.
Develop and maintain a strong relationship with internal/external auditors as applicable and ensure identified issues are resolved in a collaborative manner.
Carries out duties in compliance with all state and federal regulations and guidelines. Complies with all company and site policies and procedures.
Performs other duties as required.
Qualification
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Required
5+ Years of experience years in Reinsurance accounting that directly aligns with the specific responsibilities for this position, including 3+ years of managerial, supervisory, and/or demonstrated leadership experience
4 Year/Bachelor's degree
Demonstrated ability to successfully hire, retain, develop and coach staff via a culture of real-time performance feedback, with ability to build both technical and leadership skills.
Demonstrated strong relationship management skills with internal clients (e.g. senior management, peers and colleagues); proven ability to develop creative and collaborative approaches.
Finds common ground and can gain collaboration among senior management, colleagues and peers; can influence outcomes without directing or commanding.
Demonstrated ability to identify and recommend processes improvements.
Demonstrates strong project management leadership skills including, critical ability to coordinate and balance multiple projects in a time-sensitive environment, under pressure, and meeting deadlines.
Proficiency with Microsoft Office Suite (Word, Excel, PowerPoint, Outlook).
Preferred
CPA Certification A plus
Benefits
PTO/parental leave
Competitive 401K and employee benefits
Free financial counseling, health coaching and employee assistance program
Tuition assistance program
A leadership team that prioritizes your health and well-being; offering a remote work environment and flexible work hybrid situations
Effective productivity/technology tools and training
Company
Lincoln Financial
Lincoln Financial (NYSE: LNC) helps people to confidently plan for their version of a successful future.
10001+ employees
H1B Sponsorship
Lincoln Financial 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
2023 (38)
2022 (49)
2021 (55)
2020 (32)
Funding
Current Stage
Late StageLeadership Team
Adam Wilson
vice president of strategic partnerships, vendor and platform management
Ellen Cooper
Chief Investment Officer & Executive Vice President
Recent News
2024-05-06
2024-03-26
Philadelphia Business Journal
2023-12-19
Company data provided by crunchbase
