Senior Reinsurance Financial Analyst

2 weeks ago


Chicago, Illinois, United States Canopius US Insurance Inc Full time
Position Overview

The Opportunity

This position is an integral part of the Finance division at Canopius US Insurance Inc., focusing on both GAAP and Statutory reinsurance financial reporting. The successful candidate will manage both assumed and ceded reinsurance reporting, along with reconciliations and regulatory reporting responsibilities. The level of this role will be determined by the candidate's expertise and experience in accounting and the insurance sector.

Key Responsibilities:

  • Collaborate with underwriting and reinsurance teams to gain a comprehensive understanding of reinsurance exposures.
  • Execute accounting tasks related to premiums, losses, deposit accounting, collateral management, cash allocations, recoveries, and reconciliations.
  • Assess the aging collection status of outstanding reinsurance recoverables and address any payment discrepancies.
  • Analyze treaty documentation to ensure compliance with transaction terms.
  • Provide accounting support during the initiation of new transactions.
  • Compile quarterly and year-end financial reports.
  • Lead initiatives for process enhancements and automation.

Qualifications:

  • Bachelor's or Master's degree in Accounting; CPA designation is preferred but not mandatory.
  • A minimum of 4-6 years of professional accounting experience.
  • Experience in the reinsurance sector is essential.
  • Familiarity with statutory reporting software is advantageous.
  • Intermediate proficiency in Microsoft Office, particularly Excel, is required.

Our Commitment to Employees

We provide a comprehensive benefits package designed to support the overall wellbeing of our employees. This includes a hybrid work model, competitive salary, non-contributory 401k, discretionary bonuses, and various insurance options such as medical, dental, and vision coverage, among other benefits aimed at enhancing financial, physical, social, and psychological health.

About Canopius

Canopius is a prominent global specialty lines (re)insurer, recognized as a leading player in the Lloyd's of London insurance market, with a presence in multiple countries.

At Canopius, we cultivate a unique and positive culture that empowers our employees to bring their authentic selves to work, fostering personal growth and driving sustainable business success.

We are dedicated to maintaining a flexible, hybrid working environment that encourages employees to excel, while ensuring that everyone's contributions are acknowledged and valued.

We are committed to equal employment opportunities for all applicants and strive to provide a workplace free from discrimination and harassment. All employment decisions are made without regard to age, sex, gender identity, ethnicity, disability, sexual orientation, socio-economic background, religion or beliefs, marital or caring status, or any other status protected by applicable laws.

We make reasonable accommodations throughout the recruitment process and during employment. Please inform us if you require information in an alternate format or any other reasonable adjustments.



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