Reinsurance/Claims Accountant

Reinsurance:

• Prepare and analyze reinsurance transactions, journal entries, and reconciliations;


• Calculate, process, and validate reinsurance premium payments, claims recoveries, and commissions;


• Reconcile reinsurance balances, including treaty and facultative agreements for surety and excess casualty lines of business;


• Monitor and review reinsurance agreements for proper accounting treatment;


• Investigate variances and discrepancies in reinsurance accounts;


• Support audits by providing documentation and explanations as needed;


• Assist with preparing Schedule F in the Annual Statement;


• Assist in research and implementing new statutory and GAAP insurance accounting guidance;


• Manage the receipt, review, booking and reporting on reinsurance treaty bordereau statements and premium accounts;


• Duck Creek (reinsurance management software); and


• Other reinsurance related tasks/projects as needed.

Claims:

·         Review, process, and reconcile claims-related financial transactions, including payments, reserves, and recoveries;

·         Ensure accurate accounting treatment of claims-related expenses and liabilities;

·         Prepare and analyze claims transactions, reports, and reconciliations;

·         Collaborate with actuaries and claims committee to validate claim reserves and payments;

·         Assist with month-end and quarter-end close processes, including journal entries and accruals;

·         Maintain compliance with statutory accounting principles related to claims accounting;

·         Support external audits by providing necessary documentation and explanations;

·         Ensure timely and accurate processing of claims payments and recoveries from reinsurers or third parties;

·         Assist with preparing Schedule P in the Annual Statement;

·         Work with Five Sigma to build out claims reporting; and

·         Other claims related tasks/projects as needed.