Position DetailsWhat You Will Do
- Oversee the review and approval of reinsurance journal entries and reconciliations prepared by members of the Reinsurance and Insurance Financial Reporting team.
- Develop and maintain day-to-day reinsurance accounting procedures to promote efficiency in accounting transactions and reporting.
- Analyze and prepare the quarterly and annual performance and reinsurance settlement reporting to reinsurers and manage the reinsurance payments and receipts.
- Understand the various reinsurance treaties and the impacts on reinsurance operations and the insurance KPI metrics.
- Lead the quarterly and annual preparation of reinsurance related financial statement and regulatory reporting areas and assist in review of relevant balance sheet and income statement account analysis.
- Coordinate the Finance components of the annual reinsurance renewal cycle including the data gathering to support the submission packages, questionnaires, and exhibits.
- Manage and keep abreast of the technical accounting requirements for the reinsurance portfolio to ensure our reporting is aligned with relevant accounting standards.
- Support internal and external audits and regulatory reviews related to reinsurance.
- Lead and support all finance aspects for the implementation of a new reinsurance system. Implement automation and continuous improvement opportunities in working papers and settlement procedures to reduce manual processes.
- Develop and maintain partnership with key input business functions (i.e. Risk, Actuarial, Pricing, etc.) and reinsurance partners as well as operational areas at all leadership levels.
Please note, salary range is not inclusive of total compensation. The expected salary range for this position will be impacted by factors such as the successful candidate's skills, experience and working location, as well as the specific position's business line, scope and level. Candidates with salary expectations outside of the range are encouraged to apply.
Who You Are
- Bachelors or equivalent degree in Business / Finance / Accounting.
- 5-7+ years progressive experience in an Insurance accounting role.
- CPA designation required.
- Industry accreditation in Insurance related field (CIP or ARe) would be an asset.
- Preparation of complete financial statements and regulatory reporting.
- Strong blend of strategic, critical thinking, analytical and problem solving and attention to detail.
- Exceptional interpersonal and communication skills.
- Proficiency in Microsoft Office (PowerPoint, Excel, Word, Outlook) and experience with SAP and Aptitude preferred.
Please note that internal applicants are asked to formally express their interest by applying online no later than 10 business days of the position being posted.
Please note that we may use AI tools to help us through the recruitment process.
