Reinsurance Accounting Manager

Selby Jennings Ltd

  • Chicago, IL
  • 2 days ago

    Highlights

    We are partnering with a growing insurance organization seeking a Reinsurance Accounting Manager to lead core reinsurance accounting operations. This role will oversee financial reporting, ceded/assumed reinsurance activities, and ensure accuracy across month-end close, reporting, and audit processes.

    Numbers & Facts

    LocationChicago, IL

    Description

    Overview

    We are partnering with a growing insurance organization seeking a Reinsurance Accounting Manager to lead core reinsurance accounting operations. This role will oversee financial reporting, ceded/assumed reinsurance activities, and ensure accuracy across month-end close, reporting, and audit processes.

    Key Responsibilities

    • Oversee day-to-day reinsurance accounting activities across ceded and/or assumed business
    • Manage the monthly, quarterly, and annual close process, including journal entries, account reconciliations, and variance analysis
    • Review and analyze reinsurance treaties, ensuring proper accounting treatment under US GAAP / Statutory / IFRS (if applicable)
    • Collaborate with underwriting, actuarial, and finance teams to validate premium, losses, and recoverables
    • Maintain and reconcile reinsurance subledger to general ledger
    • Prepare and review schedules for financial reporting and disclosures (statutory and GAAP)
    • Support internal and external audits, including documentation and controls

    Qualifications

    • Bachelor's degree in Accounting, Finance, or related field
    • 5-10+ years of insurance or reinsurance accounting experience
    • Strong knowledge of reinsurance structures (quota share, excess of loss, etc.)
    • Experience with US GAAP and Statutory reporting (IFRS a plus)
    • CPA or progress toward certification preferred
    • Hands-on experience with accounting systems and large data sets (SAP, Oracle, PeopleSoft, etc.)
    • Advanced Excel skills (pivot tables, lookups, data analysis)
    • Strong attention to detail and ability to manage deadlines in a fast-paced environment

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