Accounting Specialist

A leading insurance group is seeking a highly analytical Accounting Specialist to join its global accounting and reporting team. In this technical role, you will perform specialized reinsurance accounting activities during month-end and quarter-end cycles. Furthermore, you will provide insightful analysis to validate financial results and ensure the accuracy of all reporting under your responsibility. Consequently, this position is vital for maintaining the integrity of the firm’s financial standing and regulatory compliance.

The Accounting Specialist must manage complex premium settlements and claims collections while maintaining accurate balances with external brokers. Additionally, you will collaborate with treasury and capital teams to manage required collateral and optimize capital levels. Therefore, the company is looking for a designated CPA with at least 5 years of experience. If you are a versatile problem-solver with a drive for continuous improvement, this Accounting Specialist role offers a premier platform for career excellence.

Key Responsibilities for the Accounting Specialist

• Execute end-to-end reinsurance accounting and reporting activities for month-end and quarter-end closures.
• Prepare complex reinsurance journal entries and provide detailed analysis to validate financial results.
• Manage reinsurance premium settlements and claims collections to ensure timely statement updates for clients.
• Apply cash and payments to appropriate reinsurers to maintain accurate balances with external parties.
• Collaborate with Treasury and Capital teams to manage reinsurer collateral and maintain appropriate capital levels.
• Perform key account reconciliations to ensure the completeness and accuracy of the reinsurance balance sheet.
• Assist in the preparation of financial statement disclosures and regulatory reporting for insurance regulators.
• Evaluate current accounting processes and propose automated solutions to reduce manual effort and increase efficiency.
• Provide strategic insights and data-driven recommendations to leadership regarding reinsurance performance.
• Implement and improve key internal controls to ensure high-quality financial reporting and audit readiness.

Requirements and Qualifications

• Completed CPA designation is a mandatory requirement for this specialized accounting role.
• Minimum of 5 years of professional experience within the insurance or financial services sector.
• Proven ability to identify and resolve issues in complex financial situations through expert problem-solving.
• Strong oral and written communication skills to turn around technical information quickly and accurately.
• Demonstrated experience working in fast-learning environments that require high agility and adaptability.
• Professional discipline and the ability to work with a high degree of autonomy.

Core Competencies and Skills

• Truly versatile and innovative mindset with a constant drive to challenge the status quo.
• Excellent organizational skills with the ability to prioritize a heavy workload during peak cycles.
• Interpersonal tact and the ability to interact effectively with stakeholders at all levels, including management.
• Strategic thinker focused on delivering quick results and high-value insights through process optimization.
• Expertise in reinsurance accounting frameworks and regulatory reporting requirements (e.g., Pc1).

If you are an accounting professional ready to drive the Accounting Specialist function for a premier insurer, we encourage you to apply today!