Reinsurance Staff Accountant

4 weeks ago


Miami, United States Brave New World Full time
Job DescriptionJob Description

ABOUT THE COMPANY


We are a rapidly growing organization that owns and operates multiple insurance companies and ancillary insurance businesses, managing over $10 billion in total invested assets. This role is within our holding company, which primarily handles asset management, actuarial services, accounting, and other oversight functions on behalf of our insurers and third-party clients. Our team also provides strategic and operational support to portfolio companies and subsidiaries, formulates new investment strategies, oversees external financing and acquisition activities, and offers modeling support for insurer liabilities and capital. Our primary lines of business include traditional fixed and equity-indexed annuities, as well as whole life insurance, Medicare supplement, and hospital indemnity products, with our insurers generating over $2 billion in new premium annually.


ABOUT THE ROLE


We have an immediate opening for a self-motivated, resourceful, and well-organized candidate to join the team as a Staff Accountant of Reinsurance. In this role, you will work closely with the Reinsurance Accounting team to ensure accurate accounting within our growth-focused reinsurance function. You will assist in administering all aspects of reinsurance agreements according to treaty parameters and ensure proper accounting treatment for all reinsurance transactions. Responsibilities include creating journal entries for premiums, allowances, claims recoverable, and maintaining the parameters needed to support business needs. This role requires frequent communication with third-party reinsurers, finance team members, and auditors to ensure compliance with all reinsurance agreements.


WHAT YOU WILL DO:

- Administer existing and new reinsurance agreements according to treaty parameters.

- Create and maintain spreadsheets tracking treaty activity.

- Analyze new reinsurance agreements, recommend procedures for capturing transactions accurately, and report to reinsurers.

- Ensure timely, accurate, and complete calculations, recording, reporting, and billing in accordance with treaty terms.

- Prepare and record journal entries for reinsurance activity.

- Reconcile reinsurance-related activity, identify issues proactively, and take corrective action as necessary.

- Manage financial reporting while overseeing payables/receivables.

- Assist in designing and evaluating internal controls.

- Respond to internal and external audit inquiries.

- Communicate with finance team members, third-party reinsurers, and senior management across the company.

- Perform other duties and responsibilities as assigned.


WHAT YOU WILL NEED:

- Bachelors degree in accounting or a related field with 2+ years of relevant work experience (life insurance industry experience is a plus); or a combination of education, professional training, or work experience that demonstrates your ability to perform the job.

- Advanced knowledge of Microsoft Office suite; SQL is a plus.

- Excellent time management skills and attention to detail.

- Ability to coordinate and manage multiple projects simultaneously.

- Strong communication skills, both verbal and written, to convey complex concepts to various audiences.

- Ability to build relationships with diverse team members across the organization.

- Comfort with a steep learning curve and motivation to work in a dynamic, opportunity-rich environment.


BENEFITS:


We strive to create a positive and supportive environment for our employees. That's why we offer a comprehensive benefits package, including:

- Competitive salary/base pay

- Employer-sponsored medical, dental, and vision insurance

- Paid Life & AD&D Insurance (for employees and families)

- Paid Disability Insurance (STD + LTD)

- Paid Parental Leave

- Paid Vacation and Sick Leave

- Paid Holidays (15 scheduled in 2024)

- Voluntary Supplemental Insurance policies

- Safe Harbor 401(k) plan with employer match

- Additional perks and benefits


POSITION TYPE AND EXPECTED HOURS OF WORK

This is a full-time position. Standard working hours are Monday through Friday, 9:00 a.m. to 6:00 p.m., totaling 40 hours weekly, or as otherwise arranged with the department manager.




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