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The Senior Reinsurance Accountant will be responsible for processing reinsurance transactions including accounting, collections and reporting of reinsurance. This includes analyzing financial statements, reconciliations, and reinsurance research.
Must be available to work a hybrid (3 days in the office/2 days remote) schedule in our Cincinnati headquarters.
Key Accountabilities/Deliverables:
Perform monthly/quarterly cessions of reinsurance treaties and ensure proper accounting treatment for all reinsurance transactions.
Complete financial analysis and reconciliation of reinsurance related accounts in support of financial statement preparation.
Prepare and record reinsurance journal entries and payments in Workday.
Responsible for monthly/quarterly billing to brokers/reinsurers.
Assist with GAAP and STAT financial schedules.
Assist in the implementation of a reinsurance system.
Assist with internal and external audit requests.
In addition to the above key responsibilities, may be required to undertake other duties from time to time as the Company may reasonably require.
Technical Knowledge and Understanding:
Ability to research and interpret reinsurance contracts.
Demonstrates strong attention to detail and organizational skills.
Possesses strong critical thinking skills with the ability to assess complex accounting issues, apply thoughtful decision-making, and collaborate with key individuals to reach well-reasoned conclusions.
Microsoft Office skills, specifically with intermediate to advanced Excel skills including filters, pivot tables and complex formulas.
Knowledge of insurance and reinsurance accounting preferred but not required.
Experience:
Minimum of a Bachelor’s degree in accounting or finance required.
Master’s degree in accounting or finance preferred, but not required.
3+ years of accounting experience required.
CPA license preferred, but not required.
Applicants must be authorized to work for any employer in the U.S. We are unable to sponsor or take over work authorization sponsorship now or in the future for this position.
#LI-Hybrid
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At Core Specialty, you will receive a competitive salary and opportunities for professional development and advancement. We offer medical, dental, vision, and life insurances; short and long-term disability; a Company-match of 100% of a 6% contribution 401(k) plan; an Employee Assistance Plan; Health Savings Account, Flexible Spending Account, Health Reimbursement Account, and a wellness program
Skills Required
- Bachelor's degree in accounting or finance
- 3+ years of accounting experience
- Master's degree in accounting or finance
- CPA license
- Knowledge of insurance and reinsurance accounting
What We Do
Core Specialty, through its subsidiary insurers, offers a diversified range of property, casualty, and marine insurance products for small to mid-sized businesses. We have the capital to take on risk, the underwriting talent in place, decisive leadership team, infrastructure, and a proven track record of making things happen – fast! When you’re ready to solve your toughest insurance needs, we’re ready to get it done for you. We free customers up to focus on their business by taking the load of complicated specialty insurance off their hands. We break down the walls of bureaucracy to provide optimal underwriting solutions for brokers. We’re ready, equipped, and motivated to get the job done, efficiently and professionally, by empowering experts with what they need to move quickly on behalf of customers and their brokers. Our specialty focus is the essential part of our identity. It is at our core
