Our Houston based Specialty Insurance client is looking to add an Accountant to their Reinsurance team. This role is Direct Hire, and allows for 1 day a week WFH The Ideal candidate will have will have 2 - 4 years of Accounting experience, a bachelors degree in Accounting or Finance, and good Microsoft excel skill.
Key Responsibilities:
Prepare various monthly reinsurance settlements
Work along side departments to ensure Reinsurance settlements are completed timely and accurately
Work directly with and respond to inquiries from reinsurers/brokers.
Assist in the reconciliation of the sub-ledger to the general ledger for reinsurer balances payable and paid loss recoverable' s.
Compile and analyze financial information to prepare various reports for management including but not limited to those regarding facultative, treaty, and excess of loss coverage for reinsurance programs.
Interpret and input reinsurance agreements into financial system for use by Underwriting, Claims, Compliance, and Accounting departments.
Assist in the preparation of quarterly Schedule F and various intergroup reporting on both a consolidated and company basis.
Work with Director of Insurance reporting to assume responsibility of performing portfolio transfers
Work with affiliated insurance companies to review requested Letters of Credit pertaining to unauthorized reinsurers as it relates to business underwritten by the Company.
Review forms and reports prepared by other team members for accuracy and completeness.
Requirements
Bachelors degree in in Accounting or Finance
Relevant and progressive professional experience.
Intermediate proficiency and experience using Microsoft Excel, PowerPoint, Word.