Reinsurance Accountant
1 week ago
On-site - Cebu 3-5 Yrs Exp Bachelor Full-time
Job DescriptionThe Reinsurance Accountant will assume primary responsibility for all aspects of accounting for assigned reinsurance contracts.
- Maintain the accuracy of premium information on reinsurance contracts including endorsements, premium adjustments and cash allocations
- Maintain all aspects of reinsurance contracts including bordereau reporting, claim payments and cash allocations
- Monitor aging of accounts receivable
- Monthly bordereaux reconciliation and data integrity checks
- Prepare monthly/quarterly working papers for journal entries to record activities for the accounting close process
- Review and analysis of cash receipts, payments and applications
- Prepare monthly/quarterly reinsurance account reconciliations to ensure accuracy of the general ledger
- Assist in the preparation of reinsurance cession statements, US GAAP and Statutory reports, regulatory filings, and audits
- Track deliverables and ensures compliance with prescribed due dates
- Other projects and/or tasks as assigned
- The ability to read and understand reinsurance contracts
- Experience in the insurance or reinsurance industry
- Financial reporting experience within a SOX and SEC regulated environment
- CPA highly preferred
- Strong attention to detail
- Strong organizational and time management skills
- The ability to communicate effectively with individuals
- Strong work ethic and the ability to take initiative to work without supervision
- Technical knowledge of reinsurance terms, contracts, and cash settlement practices
- Ability to use initiative and self-manage to resolve issues independently
- Strong computer skills, in particular, proficiency in Microsoft Office suite of applications, primarily Excel
- Ability to grasp new concepts, systems and applications quickly and efficiently
- Candidates need to be flexible with their schedule since shift may change depending on the needs of the team.
- Microsoft Excel: Proficiency Level 3 (Required)
- VBA/Excel: Proficiency Level 1 (Optional)
- SQL: Proficiency Level 1 (Optional)
- Microsoft Access: Proficiency Level 1 (Optional)
- Microsoft Office Suite: Proficiency Level 1 (Optional)
Bachelor's degree in Finance, Accounting, or related field.
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.
RequirementsPlease refer to job description.
Working LocationIf the position requires you to work overseas, please be vigilant and beware of fraud.
If you encounter an employer who has the following actions during your job search, please report it immediately:
- withholds your ID,
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