Position Summary
Responsible for all activities related to supervising Accounting/Reinsurance professionals including administering the company's reinsurance accounting policies and practices and the preparation of its financial statements.
Key Responsibilities
Relying on broad experience and judgment, this role is accountable for accomplishing the following responsibilities and has substantial latitude for actions or decisions made with minimal review.
Manage reinsurance reporting for assigned companies including allocated supervisory and analytical staff.Review and approve analysis and reports for assigned companies including treaty settlements/billings, profit commissions, etc.Review and approve journal entries for general ledger, sub-ledgers, and reconciliations to the general ledger. Review subledgers.Approve financial documents in the SharePoint system.Manage intercompany payables and receivables.Manage letters of credit and related funding requirements.Respond to inquiries from reinsurers, reinsurance brokers, auditors and issuing companies.Analyze, propose, and implement changes to business processes and systems.Manage the preparation of ad hoc reports for Senior Management, Auditors, Actuaries, and Accounting.Oversee timely collection of receivables and payables to reinsurers/brokers.Works with manager for final hiring decisions and equity of workload distributions.Competencies
Planning
• Develop work plans, establish timelines, and set goals for assigned work unit.
• Assign resources as needed.
• Meet commitments on deadlines.
Communication
• Communicate team or group results to management and make appropriate recommendations.
• Prepare written and verbal presentations to convey information.
Cost Management
• Drive improvement in existing business processes and assist in the identification and implementation of new processes.
• Assist in development and is accountable for budget for work unit.
• Work within financial objectives set by management.
Business Controls and Policies
• Comply with all corporate policies and procedures.
• Identify control objectives for designated function and implement cost-effective controls designed to meet those objectives.
• Test controls to determine if they are performing as intended.
People Management
• Has full HR responsibility for direct reports including making hiring decisions, training, coordinating work, establishing standards, reviewing work, conducting performance appraisals, and providing coaching or counseling.
Position Knowledge, Skills, and Requirements
Education
Bachelor's degree in Accounting, Finance, a related field, or the equivalent education and/or experience
Experience
5-6 Years (Lead/Specialist, Supervisor, or Manager)
Relevant and progressive experience in Accounting and/or Finance that includes at least three years in Reinsurance Reporting
Other
Possess and have ability to apply advanced knowledge of principles, practices, and proceduresExcellent written and verbal communications skills with an emphasis on confidentiality, tact, and diplomacySuperior organizational and analytical skills; demonstrated ability to manage multiple tasks simultaneouslyKnowledgeable of industry changes, legal updates, and technical developments related to applicable area of the Company's business to proactively respond to changing business environmentAdvanced proficiency and experience using Microsoft Office package (Excel, Access, PowerPoint, Word)Working Conditions and Physical Demands
Overtime hours may be required to fulfill job responsibilities.May be required to remain stationary for extended periods of time.May be required to move up to 10 pounds.Must be able to operate a computer or other device.Close vision and ability to adjust focus, such as required to read a computer screenTravel Requirements
Occasional Travel (up to 10% of time)
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