Sr. Reinsurance Accountant - (US-NY-New York)

Sr. Reinsurance Accountant - (US-NY-New York)

Minimum Education: Bachelors
Job Type: Full Time
Jobcode: LBAJA1

As Sr. Reinsurance Accountant you will be responsible for the preparation, payment and billing of treaty reinsurance cessions (of moderate to high complexity) based upon the reinsurance contracts. Maintain assigned treaty files/folder including contract terms, audit trails of reinsurance settlements and maintain relevant information about the treaty. Mentor/supervise less experienced associates. Monthly reconciliation of General Ledger and subledger accounts. Schedule F preparation and analysis of actual reinsurance payments made vs. planned/forecasted payments. Liaison with internal and external stakeholders. 

Responsibilities: 

Review reinsurance data set and prepares premium bordereaux, loss bordereaux and summary cession statement. Handle any issues that may arise. 
Reconcile tracking system accounts to general ledger for accuracy of data. 
Prepare reconciliation of statements and accounts to system subledger accounts to ensure accuracy. 
Contact claims and underwriting staff on all issues requiring their intervention; i.e. coding errors. Work with Global Reinsurance on inquiries related to global treaties. 
Maintain the MS Access databases for reinsurance. 
Prepare check requisitions or wire transfer requests to settle accounts with brokers and/or reinsurers. 
Provide the cash application unit with clear instructions on how to allocate payments being made or receipts being requested. 
Recommend improvements to reporting and collections processes 
Act as lead person/supervisor in the unit by providing technical direction to less experienced associates. 
Assist with monthly and quarterly financial reporting (i.e. Rec Pay, Plan/Forecast, and Schedule F). 
Perform on special projects as needed. 

Qualifications: 
Bachelor's degree in Accounting, Finance, Business or equivalent training. 
Minimum of 5 years of accounting experience in the property casualty insurance industry. 
Advanced knowledge of the reinsurance industry. 
Excellent verbal and written communication skills and customer service skills. 
Strong analytical skills. 

Email resume in Word to TheBigGameHunter@cisny.com. Please include the job code for the position with your resume. 

NO RELOCATION. NO VISA TRANSFERS. NO OVERSEAS RESUMES. NO 3RD PARTIES. 

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