Accountant, Ceded Reinsurance (Finance)
Job Objectives:
Responsible for treaty and facultative ceded reinsurance reporting and payable and receivable reconciliation and resolution as well other regulatory reporting duties in the Finance department.
Duties and Responsibilities:
- Insurance/reinsurance accounting activities as it relates to premiums, losses, deposit accounting, collateral, cash allocations and recoveries.
- Accurate and timely treaty bordereau preparation, validation and distribution.
- Treaty settlement preparation and collections.
- Facultative premium and claim validation, settlement and collections.
- Cash application in ceded application; research open cash items.
- Researching, reconciling and responding to broker and internal client inquiries.
- Monthly confirmation and reconciliation of system generated ceded balances to general ledger source reports.
- Quarter and Year End reporting.
· Provide support to internal audit and external GAAP auditors as required.
· Special projects as needed including data analysis and reconciliations, external reporting and process improvement projects.
· Review of aging collection status of outstanding reinsurance recoverables and resolve issues delaying payment.
Compensation
The below annualized base pay range is a broad range based on analysis of similar positions in the market. The actual base pay for the position may be above or below he listed range and determined by a number of considerations, including but now limited to complexity, location, and scope of the role, along with experience, skills, education, training, and other conditions of employment. Base salary represents one compensation of Allied World comprehensive total reward package, which may also include annual incentive compensation rewards.
$65,000 - $80,000
Requirements:
- Bachelor's Degree, preferably in accounting or finance
- CPA or CPA eligible a plus.
- Are, CPCU courses a plus.
- Minimum 2 years financial experience; insurance, accounting, financial services
- Exceptional MS excel skills, including pivot tables and lookups.
- Effective verbal and written communication skills with ability to work with internal and external clients.
- Detail oriented with strong organizational skills and proven ability to meet strict reporting deadlines.
- Strong analytical and problem solving skills, time management and ability to work independently and as a member of a team.
- Ability to take on tasks with increasing responsibility and to perform with high level of independence in day to day activities and work overtime as required to meet deadlines.
About Fairfax
Fairfax is a holding company which, through its subsidiaries, is engaged in property and casualty insurance and reinsurance and investment management.
About Allied World
Allied World Assurance Company Holdings, Ltd, through its subsidiaries, is a global provider of insurance and reinsurance solutions. We operate under the brand Allied World and have supported clients, cedents and trading partners with thoughtful service and meaningful coverages since 2001. We are a subsidiary of Fairfax Financial Holdings Limited, and we benefit from a worldwide network of affiliated entities that allow us to think and respond in non-traditional ways. Our capital base is strong, our solutions anticipate rather than react to changing trends, and our teams are focused on establishing long-term relationships that are mutually beneficial. Learn more about how we can help you manage your risk by visiting: Web: www.awac.com | Facebook: www.facebook.com/alliedworld | LinkedIn: https://www.linkedin.com/company/allied-world Our generous benefits package includes: Health and Dental Insurance, 401k plan, and Group Term Life Insurance. Allied World Insurance Company is an Equal Opportunity and Affirmative Action Employer. All qualified applicants will be considered for employment without regard to an individual's race, color, national origin, religion or belief, sex, age, genetic information, marital or civil partnership status, family status, sexual orientation, gender identity, or their protected veteran or disability status. Please visit www.awac.com for further information on Allied World
