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Allied World · 5 days ago

Accountant, Ceded Reinsurance

Iselin, NJ

Full-time

Onsite

New Grad, Entry Level

$95K/yr - $105K/yr

Allied World is a global provider of insurance and reinsurance solutions, and they are seeking an Accountant for their Ceded Reinsurance department. The role involves processing ceded reinsurance, responding to inquiries from global departments, and assisting with the setup and review of contracts and claims calculations.

FinanceFinancial ServicesInsurance

Growth Opportunities

Responsibilities

Ceded Reinsurance Processing

AW Global Application Business Expert

Respond to questions from global departments with regards to ceded reinsurance

Set up of treaty and facultative contracts in the ceded reinsurance system in line with underlying contract terms and conditions

Review of weekly ceded reinsurance claims calculation from the ceded reinsurance system

Review weekly ceded premium result from the ceded reinsurance system

Review of biweekly facultative notice and billing document generation

Along with IT, responsible for initiating weekly and monthly ceded premium and loss calculations

Along with IT, responsible for completing the monthly application close

Assist with the implementation of ceded reinsurance system enhancements

Assist with company expansion into new territories including new product development

Financial External Auditor Support

State Examiner Support

Internal Audit Support

Qualification

Ceded Reinsurance ProcessingAW Global Application ExpertiseTreatyFacultative ContractsCeded Reinsurance SystemFinancial Audit Support

Required

Experience in ceded reinsurance processing

Expertise in AW Global Application

Ability to respond to questions from global departments regarding ceded reinsurance

Experience in setting up treaty and facultative contracts in the ceded reinsurance system

Ability to review weekly ceded reinsurance claims calculations

Ability to review weekly ceded premium results

Experience in reviewing biweekly facultative notice and billing document generation

Ability to work with IT on initiating weekly and monthly ceded premium and loss calculations

Ability to work with IT on completing the monthly application close

Experience in assisting with the implementation of ceded reinsurance system enhancements

Experience in assisting with company expansion into new territories including new product development

Experience in providing financial external auditor support

Experience in providing state examiner support

Experience in providing internal audit support

Company

Allied World

About Allied World Allied World Assurance Company Holdings, Ltd, through its subsidiaries, is a global provider of insurance and reinsurance solutions.

Founded in 2001

Hamilton, Hamilton, BMU

1001-5000 employees

https://awac.com/

Funding

Current Stage

Public Company

Total Funding

unknown

2017-07-07Acquired

2006-07-12IPO

Leadership Team

Denise Choy

VP, Asia Pacific Professional Lines Division at Allied World

Erin Ringbloom

Vice President

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