Accountant I, Reinsurance

Posted 2 Days Ago
Be an Early Applicant
St Louis, MO, USA
Hybrid
61K-78K Annually
Entry level
Insurance
The Role
Performs reinsurance accounting and financial reporting activities, including posting cash transactions, processing premium and claims adjustments, reconciling general ledger, escrow, and bank accounts, preparing financial statements, and supporting month-end close. Processes payments and wire transfers, prepares audit documentation, collaborates with internal and external partners, and assists with special projects involving ceded and assumed reinsurance, LPTs, and fronting business.
Summary Generated by Built In

At Safety National, we don’t just offer jobs – we build careers with purpose! Since 1942, we’ve been an industry leader, valuing integrity, teamwork, and stability while providing competitive rewards, top-tier benefits, career growth opportunities, and flexible work options that promote balance. With tuition reimbursement, wellness perks, and a strong community impact, we invest in your success—both personally and professionally. Ready to grow with us? Apply today!

Follow this link to view all of our available careers and apply: https://www.safetynational.com/careers-page/

This opportunity is in the Accounting & Finance department

Our Accounting & Finance Department is dynamic and collaborative. Providing best-in-class service to our internal and external customers within the expected timeframes, we actively support our co-workers, clients, and community. Many of our managers have a public accounting background or tenure within the industry and are eager to share their spirit and knowledge with our growing team.

Role Description:

Are you a detail-oriented accounting professional who thrives on accuracy, organization, and collaboration? Do you enjoy working with financial data, solving problems, and contributing to the success of a dynamic team? If so, Safety National has an exciting opportunity for you to grow your career as an Accountant I, Reinsurance!

In this role, you will play an important part in ensuring the accuracy and timeliness of our reinsurance accounting and financial reporting processes. You will gain valuable exposure to various aspects of reinsurance, including ceded and assumed reinsurance, Loss Portfolio Transfers (LPTs), and fronting business. Working alongside experienced accounting professionals, you will contribute to essential financial operations while developing your knowledge of the insurance and reinsurance industry.

Your day-to-day responsibilities will include maintaining accounting functions within reinsurance systems, posting cash transactions, preparing premium and claims adjustments, and processing reinsurance payments and wire transfers. You will also reconcile general ledger, escrow, and bank accounts; prepare monthly, quarterly, and annual financial statements; and assist with month-end closing activities, including journal entries, invoices, and claims adjustments.

As a valued member of our team, you will prepare financial reports, compile supporting documentation for audits, and collaborate with internal departments and external business partners to ensure accurate and efficient accounting operations. You will also have opportunities to participate in special projects and support evolving business needs.

Your ability to prioritize competing deadlines, maintain exceptional attention to detail, and approach challenges with a positive, solutions-oriented mindset will help you succeed in this role. If you are eager to strengthen your accounting expertise while contributing to a supportive and collaborative environment, we encourage you to apply!

Qualifications:

Education:

  • A bachelor's degree in Accounting, Business Management, Business Administration, or a related field, or equivalent work experience, is preferred.

Required Qualifications:

  • Coursework or professional experience in accounting.
  • Excellent organizational skills with a high level of accuracy and attention to detail.
  • Ability to work independently and collaboratively within a team environment.
  • Dependable, motivated, and adaptable, with the ability to maintain a positive attitude in a fast-paced environment with changing priorities.
  • Proficiency in Microsoft Office suite, including Excel and Outlook.
  • Must be presently authorized to work in the U.S. without a requirement for work authorization sponsorship by our company for this position now or in the future.
  • This position allows for a hybrid work schedule which includes a minimum of 3 days per week in our St. Louis Corporate Office, located at 1832 Schuetz Rd. Saint Louis, MO. All employees are required to submit work from home requests and follow our Work From Home policy, which will be provided to all candidates selected to interview.

Preferred Qualifications:

  • 1 or more years of relevant accounting experience
  • Experience in the insurance industry or other similar industry
  • Experience with reinsurance accounting, including ceded reinsurance, assumed reinsurance, Loss Portfolio Transfers (LPTs), or fronting business.
  • Familiarity with accounting and insurance systems such as PeopleSoft, Freedom, SICs, or ClaimCenter.
  • Experience reconciling general ledger accounts, bank accounts, or escrow accounts.
  • Experience preparing journal entries, processing financial transactions, and supporting month-end closing activities.
  • Familiarity with financial reporting, premium and claims statements, and audit documentation.

Protect the confidentiality, integrity and availability of information and technology assets against unauthorized disclosure, destruction and/or alteration, in accordance with Safety National policies, standards, and procedures.

Safety National is a leading specialty insurance and reinsurance provider. Our culture is built upon relationships, which allow us to demonstrate our expertise gained through our rich 80-year history. As a wholly-owned subsidiary of Tokio Marine, Inc., we appreciate the benefits and support provided by our affiliation with one of the top 10 insurance companies in the world.

Total Rewards That Put Employees First

In our vision to be First with Co-Workers, compensation that includes base salary, holiday bonus, and incentive awards is only a small portion of the comprehensive total rewards package we offer. Our total rewards approach recognizes and rewards the time, talents, efforts, and results of our valued employees. Highlights of our exceptional benefits include generous health, dental, and vision coverage, health savings accounts, a 401(k)-retirement savings match and an annual profit sharing contribution. We proudly offer family forming benefits for adoption, fertility, and surrogacy, generous paid time off and paid holidays, paid parental and caregiver leave, a hybrid work environment, and company-paid life insurance and disability. To support employees in their career journeys, we provide professional growth and development opportunities in addition to employee recognition and well-being programs. Apply today to learn more.

Safety National is committed to fair, transparent pay and we strive to provide competitive, market-based compensation. In our vision to be First with Co-Workers, compensation is only one piece of the comprehensive total rewards package we offer. The target base salary range for this position is $61,000 to $77,500. Compensation for the successful candidate will consider the candidate’s particular combination of knowledge, skills, competencies, experience and geographic location.

#LI-Hybrid

Equal Opportunity Employer
This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.

Skills Required

  • Coursework or professional experience in accounting
  • Excellent organizational skills with a high level of accuracy and attention to detail
  • Ability to work independently and collaboratively within a team environment
  • Dependable, motivated, and adaptable, with the ability to maintain a positive attitude in a fast-paced environment with changing priorities
  • Proficiency in Microsoft Office, including Excel and Outlook
  • Authorization to work in the United States without requiring current or future work authorization sponsorship
  • Ability to work a hybrid schedule with at least three days per week in the St. Louis corporate office
  • Bachelor's degree in Accounting, Business Management, Business Administration, or a related field, or equivalent work experience
  • One or more years of relevant accounting experience
  • Experience in the insurance industry or a similar industry
  • Experience with reinsurance accounting, including ceded reinsurance, assumed reinsurance, Loss Portfolio Transfers, or fronting business
  • Familiarity with PeopleSoft, Freedom, SICs, or ClaimCenter
  • Experience reconciling general ledger, bank, or escrow accounts
  • Experience preparing journal entries, processing financial transactions, and supporting month-end closing activities
  • Familiarity with financial reporting, premium and claims statements, and audit documentation
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The Company
HQ: Saint Louis, MO
663 Employees
Year Founded: 1942

What We Do

Safety National is a leading specialty insurance and reinsurance provider. Serving thousands of customers nationwide for over 75 years, the Company offers specialized expertise, flexible program and placement design, and unique claims proficiency. Safety National is a member of the Tokio Marine Group and is rated A++ (Superior), FSC XV by A.M. Best. • Top Workplaces, St. Louis Post-Dispatch, 2018, 2020 • Best Places to Work in Insurance, Business Insurance Magazine, 2009, 2011, 2013, 2015, 2017, 2019, 2021

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