Responsibilities
- Work on all direct, assumed, and ceded insurance accounting operations
- Analyze and process new and existing insurance / reinsurance accounts
- Work closely with internal and external teams to ensure contracts are properly established, recorded and all areas of reinsurance accounting are being performed
- Work with the Technical Accounting team on analysis of complex reinsurance contracts, and determine proper accounting treatment. Directly responsible for the related journal entry inputs
- Contribute to monthly, quarterly, and annual closing processes
- Responsible for reconciling and preparing reinsurance cession statements using supporting documentation
- Oversee tracking and following-up on past due balances
- Review premium and loss bordereaux to ensure compliance with contract terms and to identify potential issues
- Collaborate closely with accounting team members, actuarial team, and underwriting departments on various projects and activities
- Assist with improving and streamlining department processes and procedures to increase accuracy and efficiency
- Process and reconcile monthly investments journal entries and produce various investment schedules
- Assist in preparation of Statutory financial statements, regulatory requests and various data calls
- Process claim payments and ensure timely and accurate payments
- Assist with ad-hoc projects, reporting requests, financial statement audits, and testing
Skills and Qualifications
- 3-5 years of general insurance accounting experience
- Previous experience in a high-growth technology company preferred, ideally insure-tech
- CPA license preferred
- Advanced proficiency in Microsoft Excel and Google sheets and docs
- Familiarity with insurance accounting software systems (eg claims processing), multi-book or adj book accounting, ASC 944 revenue, & Netsuite ERP (nice to have)
- Strong ability to manipulate, analyze, and manage large amounts of data. Knowledge of tools, techniques, and processes for gathering and reporting data; ability to summarize information into respective reinsurance settlements.
- Results oriented with ability to work independently as part of a remote team
Compensation
Our compensation reflects the cost of labor across several US geographic markets. The US base salary for this position ranges from $84,000/year in our lowest geographic market up to $113,000/year in our highest geographic market. Consistent with applicable laws, an employee’s pay within this range is based on a number of factors, which include but are not limited to relevant education, skills, job-related knowledge, qualifications, work experience, credentials, and/or geographic location. Your recruiter can share more on target salary for your location during the interview process. Coalition, Inc. reserves the right to modify this range as needed.
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