Reinsurance Accounting Supervisor

Starr Insurance Companies is a leading insurance and investment organization, providing commercial property and casualty insurance, including travel and accident coverage, to almost every imaginable business and industry in virtually every part of the world.
Cornelius Vander Starr established his first insurance company in Shanghai, China in 1919. Today, we are one of the world’s fastest growing insurance organizations, capable of writing in 128 countries on 6 continents.

Starr Insurance Companies is a global insurance and investment organization providing property and casualty insurance solutions to business and industry, and one of the fastest-growing insurance companies in the world.  Our talented and experienced associates manage risk and ultimately support the profitable growth of organizations in a dynamic, competitive and ever-changing marketplace.

Starr Insurance Companies continues to grow with ever increasing sophisticate within its Reinsurance program.  Starr is undertaking a significant effort to enhance its systems, people, and process over the upcoming years.  We are looking to add to our talented team to support our continued growth. Join us and become part of our talented and passionate workforce.

Summary: The Reinsurance Accounting Supervisor will work within the reinsurance accounting department, focusing primarily on regular and complex treaty quota share accounts. This role involves supervising a Junior Accountant, ensuring accurate and timely financial reporting to our external brokers and markets, and maintaining 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 of 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 of upper management reporting, statutory reporting (Schedule F annual yellow books) and assist on 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 along 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 a 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.
• Estimated salary range 120k-175K depending upon experience.

Starr is an equal opportunity employer, which means we'll consider all suitably qualified applicants regardless of gender identity or expression, ethnic origin, nationality, religion or beliefs, age, sexual orientation, disability status or any other protected characteristic. We recruit and develop our people based on merit and we're committed to creating an inclusive environment for all employees. We offer first class training and development opportunities to all employees. Our aim is to grow our own talent and bring out the best in people.