Apply on Employer Site

Florida Peninsula Insurance Company · 1 month ago

Reinsurance Accounting Manager

Boca Raton, FL, USA

Full-time

Onsite

Senior Level

7+ years exp

Florida Peninsula Insurance Company is seeking a Reinsurance Accounting Manager to oversee complex reinsurance reporting initiatives. The role involves managing financial reporting functions to ensure compliance with statutory accounting principles and ensuring timely payments to reinsurers.

Financial ServicesInsurance

No H1B

Responsibilities

Timely and accurately calculate and book complex ceded reinsurance transactions (quota share and catastrophe)

Submit loss bordereaux and billings within contract terms

Monitor and manage the timely collection of balances due from reinsurers, including the maintenance of an inventory of receivables by reinsurer

Research accounting guidance and apply appropriate accounting guidance to complex reinsurance transactions and structures

Prepare statutory schedules required in periodic regulatory filings (Schedule F)

Ensure that adequate collateral is maintained for unauthorized and certified reinsurers

Make certain that reinsurance premiums and any premium adjustments are accounted for correctly

Confirm that premium remittances are accurate, and that remittance is timely and maintain a schedule of payables to reinsurers

Periodically report to senior management on the status and performance of reinsurance programs by treaty year

Respond to various reinsurance broker or reinsurer inquiries as necessary

Facilitate successful audit requests or regulator related inquiries or procedures

Lead and mentor a Reinsurance Accountant, providing guidance, training, and performance evaluations

Other miscellaneous reinsurance related responsibilities due to program changes or commutations

Qualification

Statutory accountingFinancial reportingReinsurance accountingAnalytical skillsLeadership skillsMulti-taskingCommunication skillsProblem-solving skillsOrganizational skillsAttention to detail