Ceded Reinsurance Accountant opening in New York City – Hybrid work schedule. Support the Accounting Team and work on all aspects of ceded reinsurance including both collateralized and rated reinsurance, associated reporting, and coordination with international offices. Responsibilities will include but not be limited to: Handling accounting for ceded premium in sub-ledger & general ledger, cash receipts, disbursement recording & application, and the ceded XOL business; leading automation and enhancement initiatives over ceded reinsurance processing and financial reporting; assisting in creating ceded bordereau statements and ceded Schedule F including collateral maintenance, and quarterly GAAP financial statement preparation; reviewing ceded reinsurance contracts and ensuring accounting is in line with contract terms; quarterly account reconciliations to ledger & variance analysts of significant treaties; cash application of receipts and payments; preparing cash disbursements for assigned brokers & ceded treaty account statements. Ideal candidate has CPA or (re) insurance designation (eg. ARE, CPCU) a plus; strong Ceded Reinsurance experience; 5+ years of accounting experience of ceded reinsurance experience; ability to analyze treaties and derive key accounting metrics. Salary $open. (DC12364)
