Lead Reinsurance Accounting Specialist

2 weeks ago


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

The Opportunity

This position is integral to the Finance division at Canopius US Insurance Inc. and focuses on both GAAP and Statutory reinsurance reporting. The individual will manage responsibilities related to both assumed and ceded reinsurance reporting, reconciliations, and regulatory compliance. The role's level will be determined by the candidate's expertise in accounting and the insurance sector.

Key Responsibilities:

  • Collaborate with underwriting and reinsurance teams to gain comprehensive insights into reinsurance exposures.
  • Execute accounting tasks associated with 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 established agreements.
  • Provide accounting support for 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 experience in accounting.
  • 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 that prioritizes employee wellbeing, including hybrid work options, competitive salaries, non-contributory 401k plans, discretionary bonuses, and insurance coverage encompassing medical, dental, and vision. Additional benefits are available to support 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 various international locations.

We cultivate a positive and inclusive workplace culture that encourages employees to bring their authentic selves to work, fostering personal growth and sustainable business success.

Canopius embraces a flexible, hybrid working model and is dedicated to creating an environment that challenges employees to excel while valuing and respecting their unique contributions.

We are firmly committed to equal employment opportunities for all candidates and strive to maintain a work environment 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 are prepared to make reasonable adjustments throughout the recruitment process and during employment. Please inform us if you require information in an alternate format or any other accommodations.



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