Reinsurance Accountant GA Insurance

Position: Reinsurance Accountant

Responsibilities:

• Process and reconcile reinsurance premiums, claims, and commissions.
• Accurately record reinsurance transactions, including proportional and non-proportional treaties.
• Prepare and submit journal entries for reinsurance-related activities.
• Reconcile accounts payable/receivable related to reinsurance balances.
• Prepare Reinsurance bordereaux for premiums, commission, and
  claims
• Prepare reconciliations relating to Facultative and other various Programs and prepare quarterly reinsurance statements for reinsurers
• Reconcile reinsurers’ statements to account for Ledger balances.
• Reconcile Reinsurance balances with the respective participants on the treaty and Facultative arrangements.
• Calculate and record reinsurance-related adjustments, including premium adjustment and profit commission.

• Review and interpret reinsurance contracts to confirm correct financial treatment.

Minimum Qualifications:

• Bachelor’s degree in accounting, Finance, or a related field

• Professional accounting certification (CPA, ACA, CIMA, or equivalent).
• 3-5 years of accounting experience, with 1 year focus on reinsurance or insurance preferred.
• In-depth knowledge of reinsurance accounting principles and contract structures.

Required Skills

• Proficiency in financial accounting systems.
• Advanced skills in Microsoft Excel and data analysis.
• Strong organizational and time-management skills to meet tight deadlines.
• Excellent problem-solving abilities and keen attention to detail and Strong written and verbal communication skills for cross-functional collaboration.