Current Open Positions

AVP or VP – Reinsurance Accounting & Operations

Description:

Our client is looking for a leader of reinsurance operations. Reporting to the SVP & CFO, this individual will be responsible for overseeing the reinsurance accounting and operations associated with direct, assumed, and ceded reinsurance for several legal entities. In addition, they will be integral in the reinsurance aspect of due diligence performed of any new acquisition as well as subsequent integration of new business.


Responsibilities:

  1. • Review reinsurance structure of any potential acquisitions and prepare an analysis of findings including any “red flags” or areas requiring more research in helping the M&A team determine appropriate bid proposal.
  2. • Prepare a proposal for on-boarding potential acquisitions including integration into current systems, process and procedures as well projecting estimated additional fixed and variable costs associated with bringing the business onboard.
  3. • Ensure proper accounting and record-keeping for the Assumed Reinsurance treaties.
  4. • Manage the insurance accounting systems and oversee the preparation of monthly reports.
  5. • Responsible for preparing/overseeing the billing, tracking and collection of reinsurance recoverable for the ceded operations.
  6. • Monitor collateral needs monthly which include drawdowns, reconciliations and annual reviews including communication with counterparties.
  7. • Responsible for review and oversight of Schedule F of the NAIC Annual Statement.
  8. • Responsible for review and oversight of all Reinsurance related footnotes of the NAICC Annual Statement.
  9. • Responsible for review and oversight of all Group Reporting requirements as it relates to reinsurance.
  10. • Work with Controller to prepare detailed MD&A to be distributed to senior management.
  11. • Special projects and assignments

Requirements:

  1. • Bachelor of Science in Accounting or Finance, CPA preferred.
  2. • 8+ years of experience; management experience preferred.
  3. • Strong assumed insurance and reinsurance accounting experience required.
  4. • Excellent analytical, problem solving, customer service, organizational and oral and written communication skills

Salary:

$120,000 - $150,000 + 25% Target Bonus

Location:

Greater Hartford, CT

Contact Us to Discuss this Position

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Phone Contact: 860.249.7120

Address:

Career Moves, LLC
100 Pearl Street, 14th Floor
Hartford, CT 06103-4506