2024-7335_Reinsurance Accountant

Arch Global Services offers competitive pay and a comprehensive benefits package. Additionally, Arch is committed to helping its associates create what’s next by providing access to a variety of programs supporting your professional development and a culture that encourages innovation, collaboration and professional growth. We seek talent that thinks innovatively, values collaboration and will go the extra mile to serve our customers and develop our company. We also have a little fun along the way, check out our Holiday Party.

The Reinsurance Accountant will assume responsibility all aspects of accounting for assigned reinsurance contracts. 

Job Responsibilities:

• Verification of underwriting data for quota share and/or excess of loss contracts
• Maintain the accuracy of premium information on excess of loss contracts including endorsements, premium adjustments, and cash allocations
• Maintain all aspects of quota share programs including bordereau reporting and posting, claims payments and cash allocation
• Monitor, and maintain within 90-day threshold, aging of accounts receivable
• Liaise with brokers, claims department and underwriting department regarding queries, outstanding receivables, and premium adjustments
• Complete underwriting system monthly close including testing of system accuracy for hand off to financial reporting team (ARL and Somers
• Additional projects and ad hoc duties as required
• Work with financial reporting team to investigate/ explain movements for the quarterly reserve call with senior management
• Attend QCR meetings and follow up investigation and liaising with various teams to report findings to UW in a timely manner for the quarterly closes
• Participate in systems enhancements including defining scope, developing and executing test plan
• Additional projects and ad hoc duties as required

Required Skills/Experience

• A professional accounting qualification (CA, CPA, ACA) is required with preference given to candidates with experience in public accounting
• A minimum of five years of professional experience, some of which must have been spent with a reinsurance company
• Previous experience reading and interpreting reinsurance terms and contracts. Technical knowledge of reserving and settlement practices are an asset
• Understanding of accounting for quota share and excess of loss contracts and must have experience with underwriting systems
• Financial reporting experience within a SOX and SEC regulated environment preferred
• Strong organizational and time management skills, as well as the ability to communicate effectively with individuals at all levels and in all areas of the organization across various time zones
• A strong work ethic and the ability to take initiative and work without supervision, as well as the ability to handle confidential information with absolute discretion
• Exceptional analytical, documentation and presentation skills
• Strong computer skills, in particular, proficiency in Microsoft Office suite of applications, primarily Excel

• Bachelor's degree in Finance, Accounting, or related field.