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Reinsurance Accountant
2 months ago
MSIG North America is one of the world’s top ten property/casualty insurance carriers with over 40,000 employees worldwide.
Responsibilities/Essential
Functions:
Responsible for reconciling and validating ceded premiums and losses for reinsurers and reinsurance brokers.
Review reinsurer premium invoices and validate amounts due.
Manages cash and research discrepancies.
Resolves payment discrepancies with underwriters and reinsurers.
Prepare monthly and quarterly premium and loss bordereaux.
Effectively and efficiently track reinsurance loss billings.
Manage overdue amounts and follow up with reinsurers and brokers
Process ceded payment.
Apply cash receipts in reinsurance system as needed.
Participate in Financial Audits and respond to all applicable audit requests timely and accurately.
Work closely with other Reinsurance Accounting team members, and members of Finance, Underwriting and Claims departments.
Position Requirements
Bachelor’s degree in Accounting or Finance with 2+ years of experience.
Property and casualty accounting background/knowledge preferred.
Proficient in MS Office Suite
Strong attention to detail
Effectively prioritize multiple tasks to meet deadlines.
Work both independently and as part of a team.
Need strong organizational and time management skills
Strong interpersonal, written and verbal communication skills are required.
It's an exciting time for our company and a great opportunity to join a financially sound and growing global insurance group
It is the policy of MSIG-NA to provide equal employment opportunity (EEO) to all persons regardless of age, color, national origin, citizenship status, physical or mental disability, race, religion, creed, gender, sex, sexual orientation, gender identity and/or expression, genetic information, marital status, status with regard to public assistance, veteran status, or any other characteristic protected by federal, state or local law. In addition, MSIG-NA will provide reasonable accommodations for qualified individuals with disabilities.
Each employee plays an important role which contributes directly to the success and continued growth of MSIG.
About Us
MSIG Holdings (U.S.A.), Inc. (MSIG) is a wholly owned subsidiary of the MS & AD Insurance Group Holdings, Inc. – one of the top ten property-casualty insurance groups world-wide. Our Group has capital in excess of $25 Billion, operations in more than 40 countries and nearly 40,000 personnel located globally.
MSIG in the U.S. is comprised of three insurance companies with licenses in all fifty states as well as Puerto Rico and the District of Columbia. These companies and five other subsidiaries, deliver state of the art risk financing programs, insurance products, risk engineering and claims management services that enable our clients to effectively and efficiently manage their risks. Our insurance companies share the A.M Best’s A+ XV Rating and Standard & Poor’s A+ Rating of our Japan-based parent.
Our clientele runs the gamut from small and mid-sized,
sole-proprietorships,
partnerships and corporations, up to some of the largest and most sophisticated multinational corporations operating in the U.S. and globally.
The vast majority of clients seek our support related to Commercial Lines insurance products including Commercial Property and Liability Insurance products. However, through our subsidiary – Seven Hills Insurance Agency, LLC. – we are able to provide Personal Lines Insurance products including homeowners, renters, automobile, etc.
All Risk Property, Commercial Liability, Automobile, Workers Compensation, Management Liability, Marine, Excess & Umbrella, Claims Management, Risk Engineering services, etc.
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