Reinsurance Accountant

2 weeks ago

Phillipsburg, New Jersey, United States MSIG Holdings USA, Inc. Full time

Job Summary:

MSIG North America is seeking a skilled Reinsurance Accountant to join our team. As a Reinsurance Accountant, you will be responsible for reconciling and validating ceded premiums and losses for reinsurers and reinsurance brokers.

Key Responsibilities:

  • Reconcile and validate ceded premiums and losses for reinsurers and reinsurance brokers.
  • Review reinsurer premium invoices and validate amounts due.
  • Manage cash and research discrepancies.
  • Resolve 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.

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.

MSIG North America is an equal opportunity employer and welcomes applications from diverse candidates. We are committed to creating an inclusive and respectful work environment.

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