Job Number: 10038
Job Number: 26000095
External Description: About the Role Equitable is looking for a Reinsurance Accountant who is an expert in analysis for complex reinsurance initiatives including impact analysis, current and future state process flows and expertise on assumed and ceded reinsurance strategies and functions, implementation and testing.
What You'll Be Doing - Daily reinsurance accounting activities, including transaction recording, reconciliation, and ledger maintenance.
- Interpret and operationalize complex reinsurance contracts in accordance with applicable accounting standards.
- Establish and uphold internal policies and procedures for reinsurance financial operations.
- Ensure timely issuance of billing statements and collections from reinsurers.
- Identify trends and variances through financial data review; advise leadership on potential improvements.
- Perform routine account reconciliations and resolve discrepancies effectively.
- Maintain strict adherence to accounting standards, regulatory requirements, and internal control procedures.
- Prepare for internal and external audits, providing all necessary documentation and insights.
- Knowledge of contract provisions, reinsurance concepts and principles and general business trends.
- Use business process design tools, including process maps and flow charts, to clarify reinsurance problems, goals and requirements to various Reinsurance stakeholders.
- Provide extensive subject matter expertise to support our enterprise strategy for reinsurance data.
- Supports an agile project management framework to prioritize and pace projects with a cross-functional team.
- Monitor client accounts / statistics by using internal reports, perform data analysis and support Stakeholders with reports and statistics.
- Financial Reporting US GAAP/ US STAT/ Bermuda STAT, Schedule S, etc.).
- Monitor client accounts / statistics by using internal reports, perform data analysis and support Stakeholders with reports and statistics.
This position offers a flexible work schedule: it may be fully remote or hybrid. If you are located near one of our offices (e.g., Charlotte, NC; New York, NY; Syracuse, NY), a hybrid schedule with 2-3 days on-site per week is expected to foster collaboration and connection.
The base salary range for this position is $80,000-$125,000. Actual base salaries vary based on skills, experience, and geographical location. In addition to base pay, Equitable provides compensation to reward performance with base salary increases, spot bonuses, and short-term incentive compensation opportunities. Eligibility for these programs depends on level and functional area of responsibility.
For eligible employees, Equitable provides a full range of benefits. This includes medical, dental, vision, a 401(k) plan, and paid time off. For detailed descriptions of these benefits, please reference the link below.
Equitable Pay and Benefits: Equitable Total Rewards Program
What You Will Bring Required Qualifications:
- Bachelor's degree in accounting, Finance or a related discipline.
- 5 years experience in reinsurance accounting, claims and reporting within the insurance industry, ideally in the Life and Annuities.
- Established technical knowledge of reinsurance arrangements, accounting principles, and regulatory frameworks.
- Proven knowledge working with Microsoft Excel and financial systems; experience with reinsurance tools (e.g., RMS, AIR) is an advantage.
- Demonstrated analytical skills, attention to detail, and ability to manage complex datasets.
- Effective communication and interpersonal skills for team leadership and collaboration with both internal and external stakeholders and team members.
- Ability to thrive in a dynamic, deadline-driven environment.
- Proactively seeks advice for new issues and suggests solutions.
Preferred Qualifications:
- CPA, industry designation (i.e. ALMI, FMLI) or equivalent certification.
- Business Objects, Analysis for Office, Power Bi, and Tableau.
Skills Accounting: Knowledge of accounting methods, processes, and tools; ability to maintain and prepare financial statements and reports using accounting methods and processes.
Cross-functional Collaboration: Knowledge of collaborative techniques and approaches; ability to promote a culture of continuous improvement and working together across functions to solve business problems and meet business goals.
Decision Making and Critical Thinking: Knowledge of the decision-making process and associated tools and techniques; ability to accurately analyze situations and reach productive decisions based on informed judgment.
Financial and Accounting Systems: Knowledge of functions, features and capabilities of financial and accounting systems; ability to use financial and accounting applications specific to the organization.
General Ledger (G-L): Knowledge of tools, practices and considerations for general ledger; ability to update and validate general ledger data.
Generally Accepted Accounting Principles (GAAP): Knowledge of the generally accepted accounting principles (GAAP); ability to apply GAAP appropriately within the organization.
Knowledge of Reinsurance: Knowledge of reinsurance activities, processes, tools, and considerations; ability to implement all reinsurance practices following all standards, applicable laws and regulations.
Operational Functions: Knowledge of major functional processes and associated operating requirements; ability to apply this knowledge appropriately to diverse situations.
Problem Solving: Knowledge of approaches, tools, techniques for recognizing, anticipating, and resolving organizational, operational or process problems; ability to apply knowledge of problem solving appropriately to diverse situations.
Community / Marketing Title: Reinsurance Accountant (HYBRID or REMOTE)
Location_formattedLocationLong: Syracuse, New York US
