Reinsurance Accountant

Reporting into a Senior Reinsurance Accountant, you will play a key role in supporting both insurance and reinsurance accounting across a dynamic and expanding portfolio. This is a broad, hands-on role offering excellent exposure to underwriting, operations, and senior finance stakeholders, with real scope to influence processes and grow with the business.

Key Responsibilities:

• Process and reconcile direct insurance and reinsurance transactions, including premiums, claims, commissions, profit shares, and recoveries.
• Prepare and post insurance and reinsurance-related journal entries into the general ledger.
• Monitor, review, and reconcile bordereaux received from MGAs/MGUs and reinsurers.
• Perform detailed premium and claims reconciliations across insurance and reinsurance lines.
• Assist in the calculation, tracking, and monitoring of reinsurance recoverables and cash flows.
• Support the preparation of monthly and quarterly management reporting for a growing book of business.
• Assist with insurance and reinsurance elements of regulatory and statutory reporting.
• Participate in audits, providing supporting documentation and responding to queries.
• Support funds withheld and collateral monitoring activities.
• Review insurance and reinsurance contracts from an accounting perspective.
• Maintain clear documentation of accounting processes, controls, and procedures.
• Work closely with underwriting and operations teams to ensure accurate and timely financial data.
• Contribute to finance process improvements and the development of a modern, scalable finance function.

Core Skills and Experience:

• Bachelor’s degree in Accounting, Finance, or a related discipline.
• 2–4 years’ experience in P&C insurance accounting.
• Experience working with MGA/MGU delegated authority business highly desirable.
• Progress toward a professional accounting qualification (ACCA, ACA, CIMA, CPA, or equivalent) preferred.
• Strong understanding of insurance and reinsurance concepts, including treaty and facultative arrangements.