We’re determined to make a difference and are proud to be an insurance company that goes well beyond coverages and policies. Working here means having every opportunity to achieve your goals – and to help others accomplish theirs, too. Join our team as we help shape the future.
The Reinsurance Center of Excellence Runoff Accounting team is responsible for the administration of reinsurance ceded under Runoff Reinsurance programs. These reinsurance programs can often be complex. The ideal candidate would have familiarity with reinsurance and/or accounting principles.
Key responsibilities of this position include:
• Contract interpretation and identification of key criteria for accurate
reinsurance detection.
• Monitors and processes ceded losses and billings in an accurate and
timely manner, within a monthly accounting/production cycle, ensuring
compliance with all accounting related requirements.
• Reinsurance Loss Recoverable management, cash application, and
reconciliations.
• Performs basic to moderately difficult calculations, accountings,
reconciliations, and reporting. Identifies and investigates out-of-
balance transactions. Actively manages the resolution of basic
correspondence and assigned reinsurance balances.
• Leverages proficiency in technical/functional skills to execute all basic
reporting, collection, correspondence, and financial transactions
appropriately with consistent adherence to reinsurance practices and
protocols.
• Develops and maintains productive working relationships with both
internal and external partners including Brokers, Reinsurers, Legal,
Actuarial, Direct Claims, Operations, vendors and/or IT, in order to
achieve the most favorable outcomes.
• Participates in projects as part of a team.
• Positive attitude and the ability to work as a team player
• Participates in process improvement initiatives as part of a team.
Maintains workflow and reference documentation
• Effectively communicates with peers and management, both verbally
and in writing.
Qualifications:
• Bachelor’s degree preferred, or equivalent experience.
• 2 years’ related work experience in accounting, audit, insurance or
reinsurance preferred.
• Accounting, audit, or mathematical expertise.
• Problem Solving and Execution Skills.
• Proficient in Microsoft Suite, with emphasis on Excel.
• Solid understanding of basic reinsurance contracts and coverage,
including related financial transactions, reporting, collections, and
other reinsurance matters preferred.
• Strong Analytical Skills and Proficiency in Data and Data Analytics.
• Excellent Written and Verbal Communication Skills.
• Continuous Improvement Mindset.
• Cross Functional Collaboration Skills and Building Relationships.
• Highly detail-oriented, with the ability to manage multiple assignments
concurrently while maintaining efficiency and prioritizing effectively.
• Demonstrated ability to work independently and effectively on complex
tasks.
Additional Information:
Must be able to support and work Eastern core business hours to meet business needs.
This role can have a Hybrid or Remote work arrangement. Candidates who live near one of our office locations will have the expectation of working in an office 3 days a week (Tuesday through Thursday). Candidates who do not live near an office will have a remote work arrangement, with the expectation of coming into an office as business needs arise.
Compensation
The listed annualized base pay range is primarily based on analysis of similar positions in the external market. Actual base pay could vary and may be above or below the listed range based on factors including but not limited to performance, proficiency and demonstration of competencies required for the role. The base pay is just one component of The Hartford’s total compensation package for employees. Other rewards may include short-term or annual bonuses, long-term incentives, and on-the-spot recognition. The annualized base pay range for this role is:
$62,400 - $93,600Equal Opportunity Employer/Sex/Race/Color/Veterans/Disability/Sexual Orientation/Gender Identity or Expression/Religion/Age
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Human achievement is at the heart of what we do. We put our belief into action by not only ensuring individuals and businesses are well protected, but by going even further – making an impact in ways that go beyond an insurance policy
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