Note: The job is a remote job and is open to candidates in USA. Software Guidance & Assistance, Inc. (SGA, Inc.) is searching for an AVP, Reinsurance Accounting for a full-time assignment with one of their premier financial clients. This role involves leading reinsurance accounting and reporting activities, ensuring compliance with treaty terms, and driving process improvements in a collaborative environment.
Responsibilities
- Lead monthly and quarterly close activities for reinsurance, including review of journal entries, account reconciliations, and analytical reviews of results
- Develop and maintain standardized reinsurance reports used for monitoring performance and informing management decisions
- Review treaty documentation and ensure information received from and provided to external counterparties complies with treaty terms and conditions
- Prepare analysis and commentary on key business drivers impacting reinsurance results
- Serve as the accounting lead during the review and onboarding of new reinsurance transactions
- Develop and implement standard reinsurance accounting models to support consistent treatment across treaties and entities
- Maintain strong internal controls; support internal and external audits and regulatory examinations
- Support financial and regulatory reporting processes as needed (US GAAP, NAIC statutory, Bermuda statutory)
- Drive process improvements and automation initiatives to increase accuracy, efficiency, and control
- Participate in cross-functional and corporate projects, emphasizing collaboration and clear communication
- Oversee accounting and financial reporting for complex ceded and assumed reinsurance treaties, including YRT, coinsurance, funds withheld, and retrocession structures
- Partner closely with investment accounting, actuarial, and risk teams to ensure accuracy of reserve movements, deferred gains/losses, and reinsurance recoverables
- Develop governance, controls, and documentation to support treaty onboarding, premium settlements, collateral tracking, and related workflows
- Act as a key liaison for regulators and external auditors on reinsurance-related matters
- Mentor and coach junior accountants and analysts; provide technical guidance on complex reinsurance accounting topics
Skills
- Bachelor's degree in Accounting required
- 7+ years of experience in the insurance or reinsurance industry, or in public accounting auditing insurance/reinsurance clients
- Strong understanding of reinsurance structures and treaty administration (ceded and assumed)
- Team-oriented, positive, and results-driven, with a high level of personal integrity and accountability
- Strong analytical and problem-solving skills, with the ability to translate research and analysis into clear conclusions and recommendations
- Highly organized, proactive, and comfortable driving initiatives and improving processes
- Excellent verbal and written communication skills, including the ability to collaborate with cross-functional partners and senior stakeholders
- Experience with US GAAP and insurance statutory accounting; familiarity with NAIC requirements and Bermuda statutory reporting preferred
- Experience with PeopleSoft General Ledger, Hyperion Financial Management, and SmartView/Essbase preferred
- CPA strongly preferred
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