Vaco by Highspring ยท 1 day ago
Reinsurance Accounting Manager
Vaco by Highspring is seeking a Reinsurance Accounting Manager for their client. This role is responsible for the accurate recording, analysis, and reporting of all reinsurance-related financial activity, ensuring compliance with treaty provisions and internal financial controls.
Responsibilities
Maintain and reconcile ceded premiums, losses, recoverables, and reinsurance payables within the general ledger
Prepare and process reinsurance settlements , ensuring timely and accurate execution in accordance with treaty terms
Review, reconcile, and validate bordereaux submissions for completeness and accuracy
Monitor reinsurance treaty compliance , ensuring financial entries align with contractual obligations and reporting standards
Support month-end and quarter-end close , including preparation and review of reinsurance-related journal entries
Prepare reinsurance schedules for statutory financial statements, including NAIC Schedule F
Monitor collateral requirements (e.g., trust balances, LOCs) and ensure compliance with regulatory and treaty provisions
Coordinate with claims, underwriting, and actuarial departments to ensure alignment and accuracy of reinsurance data
Provide detailed reinsurance reports and analyses to management, auditors, and regulatory examiners
Support large loss and catastrophe reporting , including evaluating reinsurance impacts and recoverability
Identify and implement process improvements to streamline reinsurance reporting and enhance data quality
Stay informed on industry, statutory, and regulatory changes affecting reinsurance accounting
Qualification
Required
Bachelor's degree in Accounting, Finance, or related field
Minimum 5 years of accounting experience, preferably within reinsurance or P&C insurance accounting
Strong proficiency in Microsoft Excel, including Power Query, Pivot Tables, and advanced formulas
Experience using financial accounting systems such as SAP, Oracle, or EAS
Working knowledge of NAIC Statutory Accounting Principles (SAP)
Strong analytical, organizational, and problem-solving skills
Ability to manage multiple priorities under tight deadlines in a fast-paced environment
Preferred
CPA or progress toward CPA
Experience in the Property & Casualty insurance industry
Familiarity with reinsurance treaty structures (quota share, excess of loss, aggregate, facultative)
Experience preparing statutory filings and regulatory schedules
Experience with reinsurance systems such as ProCede, Reinsurance Manager, Duck Creek, Sapiens, or similar
Experience supporting or leading system implementation or upgrade projects
Benefits
Discretionary bonuses
Medical, dental, and vision benefits
401(k) retirement plan
Company
Vaco by Highspring
Vaco is the Talent Solutions division of Highspring, a leading global professional services organization.
Funding
Current Stage
Late StageCompany data provided by crunchbase