Reinsurance Accountant

With a company culture rooted in collaboration, expertise and innovation, we aim to promote progress and inspire our clients, employees, investors and communities to achieve their greatest potential. Our work is the catalyst that helps others achieve their goals. In short, We Enable Possibility℠. Scope of Position Reporting to the Assistant Manager, Reinsurance Accounting, the Reinsurance Accountant performs all aspects of treaty assumed accounting of assigned brokers including thorough account analysis of complex reinsurance contracts, entry into reinsurance system, and cash settlement. Participates in the preparation of monthly closing reports and quarterly underwriting results. Assists with special projects, system enhancements, testing, and ad-hoc reporting requests. Key Responsibilities Analyze & process monthly/quarterly treaty reinsurance accounts, including reconciling broker invoices to supporting documentation. Review premium & loss bordereaux to ensure compliance with treaty terms & to identify catastrophe or large loss activity. Prepare cash disbursements for assigned brokers. Document and resolve account or cash issues. Confirm and process adjustable features on contingent and sliding scale commissions as well as retrospectively rated premium adjustments. Prepare monthly and quarterly reports with variance analysis. Follow-up for missing accounts. Prepare and update pro-rata claims automatic upload template. Ensure effective SOX controls are maintained and followed. Work closely with other Reinsurance Accounting team members, and members of Actuarial, Underwriting and Claims departments. Key Competencies Strong analytical and problem-solving skills with the ability to draw conclusions from research Strong attention to detail and ability to effectively prioritize multiple tasks to meet critical deadlines Highly motivated, strong ability to take initiative, and strong sense of ownership Excellent organizational and time management skills Strong interpersonal, written, and verbal communication skills Ability to work both independently and as part of a team with individuals at all levels Ability to work in a fast-paced environment Microsoft Excel – proficient in pivot table & v-lookup functionality Snowflake – Query creation a plus Education/Work Experience Bachelor’s degree in accounting and MBA a plus Assumed or ceded reinsurance accounting experience a plus $90,000 - $95,000/year Total individual compensation (base salary, short & long-term incentives) offered will take into account a number of factors including but not limited to geographic location, scope & responsibilities of the role, qualifications, talent availability & specialization as well as business needs. The above range may be modified in the future Click here to learn more on available benefits #LI-REMOTE #LI-AT1 Do you like solving complex business problems, working with talented colleagues and have an innovative mindset? Arch may be a great fit for you. If this job isn’t the right fit but you’re interested in working for Arch, create a job alert! Simply create an account and opt in to receive emails when we have job openings that meet your criteria. Join our talent community to share your preferences directly with Arch’s Talent Acquisition team. Arch Capital Group Ltd. is a Bermuda-based specialty insurer that provides insurance, reinsurance and mortgage insurance on a worldwide basis. With a 20 -year track record of delivering results and a coveted position on the S&P 500 index, Arch is a great place to grow your career. Attention Job Seekers: Arch Capital Group Ltd. (Arch) and its affiliates take your interest in working here very seriously. Please be vigilant to fraudulent activity if you receive a communication or email asking you to submit any personal information. Do not send money or pass any details to someone suggesting they can provide employment with Arch. You should only enter your information into our official career portal. Please know the following about our interviewing and hiring practices. We never make job offers without a formal, in person, interview process. We never ask you to send money of any kind.