UFG Insurance · 20 hours ago
Reinsurance Accountant
Cedar Rapids, IA
Full-time
Onsite
Entry Level
$60K/yr - $79K/yr
1+ years expUFG Insurance is currently hiring for a Reinsurance Accountant to assist in the preparation of accounting, reporting, and analysis of reinsurance transactions. This role involves preparing journal entries, reconciliations, and supporting schedules while ensuring compliance with GAAP and statutory accounting principles.
Financial ServicesInsurance
Responsibilities
Prepare ceded and/or assumed reinsurance journal entries, reconciliations, and supporting schedules for monthly, quarterly, and annual closings
Assist with the preparation of reinsurance-related financial statement disclosures, statutory schedules, and management reports
Prepare reinsurance results and analyze variances, providing insights and explanations to team members
Review treaty terms and documentation to understand accounting treatment (i.e., GAAP, statutory accounting principles)
Collaborate with business partners across actuarial, underwriting, claims, and finance to resolve discrepancies and ensure data integrity
Support cash settlement processes, including billing, collections, and reconciliations of reinsurance receivables and payables
Prepare SOX-compliant documentation, ensuring adherence to company policies and internal control requirements
Assist with audit requests, including internal controls and testing evidence
Participate in continuous improvement initiatives aimed at optimizing processes, standardizing reporting, and automating data flow
Support system enhancements and testing related to reinsurance accounting or financial reporting applications
Collaborate with cross-functional teams including operations and IT to support finance transformation initiatives designed to modernize systems and standardize financial processes
Perform other duties as assigned to support the reinsurance team and company goals
Qualification
Required
Bachelor's degree in Accounting or Finance required
1 - 3 years of reinsurance or insurance accounting experience
Principle understanding of GAAP and statutory accounting principles
Analytical and problem-solving skills with attention to accuracy and detail
Strong proficiency in Microsoft Excel (pivot tables, VLOOKUP, complex formulas)
Strong communication and collaboration skills across cross-functional teams
Ability to handle multiple priorities, meet deadlines, and work effectively in a dynamic environment
Ability to work both independently and collaboratively in a team setting
Process understanding mindset with ability to identify and implement efficiency enhancements
Critical thinking skills and sound professional judgment
Preferred
Certified Public Accountant (CPA) or progress toward certification preferred
Prior experience within property and casualty insurance, preferred
Experience with financial systems or reinsurance subledgers desirable
Benefits
Annual incentive compensation
Medical, dental, vision & life insurance
Accident, critical Illness & short-term disability insurance
Retirement plans with employer contributions
Generous time-off program
Programs designed to support the employee well-being and financial security.
Company
UFG Insurance
The United Fire Group (UFG) companies join together to offer a range of property/casualty products.
501-1000 employees
H1B Sponsorship
UFG Insurance has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (1)
2024 (1)
2023 (3)
2021 (3)
Funding
Current Stage
Late StageLeadership Team
Kevin Leidwinger
President and Chief Executive Officer
Randy Ramlo
Chief Executive Officer
Recent News
Corridor Business Journal
2026-01-06
United Fire Group, Inc
2025-11-05
United Fire Group, Inc
2025-10-23
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