Our client, a global insurance company, located in downtown Chicago (Hybrid role: 2-3 days in office), is looking for a Contract-to-Hire Senior Reinsurance Accountant to join their team.
Reinsurance experience required! And experience with statutory reporting (including Schedule F) required as well!
This role will be part of the Finance team in Chicago and responsible for both GAAP and Statutory reinsurance reporting.
RESPONSIBILITIES:
- Responsible for assumed & ceded reinsurance reporting, reconciliations, and regulatory reporting duties.
- Liaising with the underwriting and reinsurance teams in order to obtain a full understanding of the reinsurance exposures
- Conduct insurance/reinsurance accounting activities related to premiums, losses, deposit accounting, collateral, cash allocations, recoveries and reconciliations.
- Review outstanding reinsurance recoverables' aging collection status and resolve any payment issues.
- Review treaty documentation, verify transactions complies with treaties
- Serve as the accounting support during new transactions
- Prepare quarterly and year-end reports.
- Drive process improvements and automation efforts
REQUIREMENTS:
- 4-6 years minimum of Accounting professional work experience
- Reinsurance Insurance experience required
- Advanced skills in Microsoft Excel (i.e., Sum-If, If-Then, Pivot Tables, V-Lookups) required
- Experience in insurance/reinsurance or agency required
- Bachelor’s or Masters degree in Accounting
- CPA is desirable but not required
- Experience with statutory reporting software
- Strong communication, collaboration, and analytical skills
- Proactive approach to work – able to demonstrate initiative, flexibility, adaptability, efficiency, accuracy and thoroughness
If you, or someone you know is interested, please apply today!
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