
Reinsurance Accounting Manager
UFG Insurance
full-time
Posted on:
Location Type: Remote
Location: Iowa • United States
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Salary
💰 $123,865 - $163,368 per year
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)