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For Companies At a Glance
- Tasks: Lead reinsurance accounting, manage staff, and evaluate complex transactions.
- Company: Lincoln Financial Group empowers customers to plan, protect, and retire with confidence.
- Benefits: Enjoy remote work flexibility and a supportive corporate culture.
- Why this job: Join a team that values meaningful contributions and fosters professional growth.
- Qualifications: 5+ years in reinsurance accounting with managerial experience; CPA is a plus.
- Other info: Diverse and inclusive workplace committed to equal opportunity.
The predicted salary is between 72000 - 116000 £ per year.
As the Director of Reinsurance, you will manage staff, help lead the onboarding of new strategic reinsurance transactions, and administration of existing reinsurance. This position is not simply accounting-oriented; while your accounting expertise will be utilized, your strategic knowledge of structuring reinsurance transactions and evaluation of risk transfer will be paramount.
General Purpose of Job
This position will provide leadership and direction to ensure group results for their assigned Reinsurance accounting area(s) of responsibility. They will direct the preparation, recording, analysis, and reporting of complex Reinsurance accounting transactions and ensure the integrity of accounting records for completeness, accuracy, and compliance with accepted accounting policies and principles.
What you’ll be doing
- Evaluate reinsurance transactions, their structure, and financial accounting implications.
- Identify and recommend best practice opportunities to improve efficiencies as new reinsurance processes are established.
- Ability to read reinsurance treaty agreements and apply concepts in the agreements to the appropriate accounting and administrative approach.
- Research accounting guidance and apply appropriate guidance to complex reinsurance transactions.
- Collaborate on proforma financial statements for new and/or amended reinsurance accounting transactions.
- Responsible for Reinsurance reporting, internal and external, on new and current reinsurance transactions.
- Understand the relationship of applicable systems and data required to account for and support administration of new transactions.
- Provide training and development opportunities for team members.
- Ensure that top talent is hired and retained to support these responsibilities.
- Carry out duties in compliance with all state and federal regulations and guidelines.
What we’re looking for
- 5+ years of experience in Reinsurance accounting, including 3+ years of managerial experience.
- CPA Certification is a plus.
- Demonstrated strong relationship management skills with internal clients.
- Strong project management leadership skills.
- Proficiency with Microsoft Office Suite.
At Lincoln Financial Group, we love what we do. We make meaningful contributions each and every day to empower our customers to take charge of their lives.
Pay Range: $90,300 - $164,700
Lincoln Financial Group helps people to plan, protect, and retire with confidence. Lincoln Financial Group is committed to creating a diverse and inclusive environment and is proud to be an equal opportunity employer.
Director, Reinsurance Accounting employer: Lincoln Financial Group
Contact Detail:
Lincoln Financial Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Director, Reinsurance Accounting
✨Tip Number 1
Familiarise yourself with the latest trends and regulations in reinsurance accounting. This will not only help you understand the complexities of the role but also demonstrate your commitment to staying updated in this ever-evolving field.
✨Tip Number 2
Network with professionals in the reinsurance industry, especially those in managerial roles. Engaging in conversations can provide insights into the expectations for a Director position and may even lead to referrals.
✨Tip Number 3
Prepare to discuss specific examples of how you've successfully managed teams and projects in your previous roles. Highlighting your leadership skills and strategic thinking will be crucial during interviews.
✨Tip Number 4
Research Lincoln Financial Group's values and recent initiatives in reinsurance. Tailoring your discussions to align with their mission can show that you're not just looking for any job, but are genuinely interested in contributing to their success.
We think you need these skills to ace Director, Reinsurance Accounting
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your experience in reinsurance accounting and managerial roles. Use specific examples that demonstrate your strategic knowledge and leadership skills relevant to the position.
Craft a Compelling Cover Letter: Write a cover letter that not only outlines your qualifications but also expresses your passion for the role. Mention how your background aligns with Lincoln Financial Group's mission and values, particularly in empowering customers.
Highlight Relevant Skills: In your application, emphasise your proficiency with Microsoft Office Suite and any project management experience. Discuss your ability to evaluate reinsurance transactions and your understanding of accounting principles.
Showcase Leadership Experience: Detail your managerial experience in your application. Provide examples of how you've developed team members and improved processes in previous roles, as this is crucial for the Director position.
How to prepare for a job interview at Lincoln Financial Group
✨Showcase Your Strategic Insight
As a Director of Reinsurance Accounting, your strategic knowledge is crucial. Be prepared to discuss how you've structured reinsurance transactions in the past and the impact of those decisions on risk transfer.
✨Demonstrate Leadership Experience
Highlight your managerial experience by sharing specific examples of how you've led teams, developed talent, and improved processes in previous roles. This will show your capability to lead effectively in this position.
✨Familiarise Yourself with Reinsurance Treaties
Understanding reinsurance treaty agreements is key for this role. Brush up on your ability to read and interpret these documents, and be ready to discuss how you’ve applied this knowledge in your accounting practices.
✨Prepare for Technical Questions
Expect questions related to complex reinsurance transactions and accounting guidance. Review relevant accounting principles and be ready to explain how you've applied them in real-world scenarios.
