My client has an exciting and challenging opportunity located in our Boston, MA office (located in Brighton, MA until Fall 2026 and will relocate to Two International Place, Boston, MA). We are seeking an experienced accounting professional to manage reinsurance accounting and reporting activities.” The individual will be part of a team-oriented environment supporting multiple operations, their teams and leadership throughout the organization. The individual will be responsible for treaty administration, reinsurance accounting, reporting, transaction analysis, ongoing process improvements and internal controls across multiple bases of accounting: USGAAP, NAIC, and Bermuda Statutory.
RESPONSIBILITIES:
- Perform monthly and/or quarterly ledger close related procedures, including review of reinsurance journal entries, reconciliations, and analyses
- Develop and maintain standardized reinsurance reports required for monitoring results
- Review treaty documentation; verify information received from and provided to external parties complies with terms and conditions of treaties
- Prepare analysis and commentary on key business drivers related to reinsurance results
- Serve as the accounting support during review and on boarding of new transactions, as needed
- Develop and implement standard reinsurance accounting models
- Maintain effective internal controls, support internal and external audits, and regulatory examinations
- Supporting reporting process, as required
- Drive process improvements and automation efforts
- Participate in special projects with cross-divisional and corporate impacts, with particular focus on collaboration and effective communication
- Oversee accounting and financial reporting for complex ceded and assumed reinsurance treaties, including YRT, coinsurance, funds withheld, and retrocession arrangements.
- Partner with multiple teams (including investment accounting, actuarial, and risk teams) to ensure accuracy in reserve movements, deferred gains/losses, and reinsurance recoverables.
- Develop governance controls and documentation supporting treaty onboarding, premium settlements, and collateral tracking.
- Serve as key liaison for regulatory examinations and external auditors on reinsurance-related matters.
- Mentor junior accountants and analysts; provide technical guidance on reinsurance accounting treatments.
QUALIFICATIONS:
- Bachelor’s degree in Accounting
- 7+ years of experience in the insurance industry or public accounting
- Team player, positive attitude, results oriented
- Strong analytical and problem solving skills with the ability to draw conclusions from research
- Must be well-organized, innovative, and possess a high level of initiative
- Strong communication skills, work ethic and high-level of personal integrity and accountability
- Experience with PeopleSoft General Ledger, Hyperion Financial Management and Smartview/Essbase preferred
- CPA preferred
