International Reinsurance Accounting Supervisor

Reinsurance Accounting Supervisor

Summary:

The Reinsurance Accounting Supervisor will focus primarily on regular and complex treaty quota share accounts. This role ensures accurate and timely financial reporting to our external brokers and markets and maintains compliance with industry standards and regulations. The ideal candidate will possess strong analytical skills, a deep understanding of reinsurance principles, and the ability to manage multiple priorities in a fast-paced environment.

 Key Responsibilities:

• Preparation of ceded treaty and facultative reinsurance accounts, including complex accounts.
• Ensure accurate and timely recording of reinsurance transactions, including premiums, claims, commissions, and other related items.
• Collaborate with Management to confirm accuracy of financial transactions.
• Applying cash disbursements and receipts in the Reinsurance sub-ledger. Generate Cash Call billings, monitor collections, and prepare aging reports (Receivables/Payables).
• Lead and mentor a Junior Accountant, providing guidance, training, and performance evaluations.
• Foster a collaborative and productive work environment, encouraging professional development and continuous improvement.
• Monitor and manage the reinsurance accounting processes to ensure compliance with company policies and regulatory requirements.
• Various reconciliations and ad-hoc reporting.
• Provide support for upper management reporting, statutory reporting (Schedule F annual yellow books) and assist with any internal/external audits.
• Analyze reinsurance data to identify trends, discrepancies, and opportunities for improvement. Get involved in fixing errors, miscoding or attachment issues working alongside other Reinsurance departments, individuals, and profit centers.
• Serve as a key point of contact for internal and external stakeholders regarding reinsurance accounting matters.

Qualifications:

• Bachelor’s degree in Accounting, Finance, or related field.
• Minimum of 5-7 years of experience in reinsurance accounting with Treaty and Facultative account processing, ceded and assumed preferably.
• Proven supervisory experience, with strong leadership and team management skills.
• In-depth knowledge of reinsurance principles, accounting standards, and regulatory requirements.
• Proficiency in accounting software and Microsoft Office Suite, particularly advanced Excel.
• Excellent analytical, problem-solving, and organizational skills.
• Strong attention to detail and accuracy.
• Effective communication and interpersonal skills, with the ability to collaborate across departments and with external partners.
• Ability to multi-task, meet deadlines and prioritize workload.
• Knowledge of Reinsurance platforms such as RiPro (URS) and/or SRM (Sapiens) desirable.