UFG Insurance

Reinsurance Accounting Manager

UFG Insurance

full-time

Posted on:

Location Type: Remote

Location: IowaUnited States

Visit company website

Explore more

AI Apply
Apply

Salary

💰 $123,865 - $163,368 per year

Job Level

Tech Stack

About the role

  • Oversee daily reinsurance accounting operations, ensuring timely completion of month-end, quarterly, and annual closing activities.
  • Review and approve calculations, settlements, and journal entries for accuracy and compliance.
  • Coordinate preparation of financial statement disclosures, schedules, and statutory filings related to reinsurance activities.
  • Analyze reinsurance results and monitor key performance indicators to provide insights to Finance leadership and other stakeholders.
  • Actively participate in new treaty implementations.
  • Review treaty terms and documentation to ensure proper accounting treatment (i.e., GAAP, statutory accounting principles) and alignment with company policies.
  • Collaborate with business partners across actuarial, underwriting, claims, and finance to resolve discrepancies and ensure data integrity.
  • Maintain SOX-compliant documentation, ensuring adherence to company policies and internal control requirements.
  • Collaborate with Internal Audit, external auditors, and Finance leadership to prepare and respond to audit requests.
  • Monitor reinsurance recoverable and payable balances to ensure accurate reconciliation and timely collection or settlement.
  • Partner with the Finance Systems and Data team to maintain and enhance subledger systems supporting reinsurance accounting.
  • Identify, recommend, and implement process and automation improvements to enhance efficiency and accuracy.
  • Collaborate with cross-functional teams including operations and IT to support finance transformation initiatives designed to modernize systems and standardize financial processes.
  • Participate in special projects, including integrations, migrations, and regulatory change implementations.
  • Perform other duties as assigned to support the reinsurance team and company goals.
  • Manage and mentor team members, providing training, guidance, and performance feedback.
  • Promote a culture of accountability, continuous improvement, and collaboration within the reinsurance accounting function.
  • Coordinate workloads to meet deliverables and balance ongoing operational and project-related priorities.

Requirements

  • Bachelor’s degree in Accounting or Finance required
  • Certified Public Accountant (CPA) preferred
  • 10+ years of insurance accounting experience with 5+ years related to reinsurance accounting
  • 3–5 years of supervisory or leadership experience
  • Strong understanding of GAAP and statutory accounting principles
  • Strong analytical and problem-solving skills with attention to accuracy and detail
  • Advanced proficiency in Microsoft Excel (pivot tables, VLOOKUP, complex formulas)
  • Experience with ERP or reinsurance subledger systems preferred.
  • Exceptional analytical, problem-solving, and organizational skills
  • Excellent written and verbal communication abilities, with a capacity to communicate effectively at all levels.
  • Ability to manage multiple priorities, meet deadlines, and work effectively in a dynamic environment.
  • Process improvement mindset with ability to identify and implement efficiency enhancements.
  • Critical thinking skills and sound professional judgment.
  • Strong leadership presence, team orientation, and commitment to operational excellence.
Benefits
  • Annual incentive compensation
  • Medical, dental, vision & life insurance
  • Accident, critical Illness & short-term disability insurance
  • Retirement plans with employer contributions
  • Generous time-off program
  • Programs designed to support the employee well-being and financial security.
Applicant Tracking System Keywords

Tip: use these terms in your resume and cover letter to boost ATS matches.

Hard Skills & Tools
reinsurance accountingGAAPstatutory accounting principlesfinancial statement preparationanalytical skillsproblem-solving skillsMicrosoft ExcelERP systemssubledger systemsprocess improvement
Soft Skills
leadershipteam orientationcommunication skillsorganizational skillsattention to detailcritical thinkingcollaborationaccountabilitydynamic environment adaptabilitymentoring
Certifications
Bachelor’s degree in AccountingBachelor’s degree in FinanceCertified Public Accountant (CPA)