Reinsurance Accountant

JOB TITLE:             Reinsurance Accountant

EMPLOYER:           A-CAP Services LLC

DEPARTMENT:       Finance

REPORTS TO:        Executive Director of Accounting

LOCATION:            Onsite in Miami, FL (Brickell)

ABOUT THE COMPANY

A-CAP is a rapidly growing organization that owns and operates multiple insurance companies and ancillary insurance businesses and has over $10 billion of total invested assets. This opening is with the holding company, which primarily performs asset management, actuarial, accounting, and other oversight functions on behalf of A-CAP’s insurers and third-party clients. This group also provides strategic and operational support to A-CAP’s portfolio companies/subsidiaries, proactively formulates new investment strategies, oversees external financing and acquisition activities, and provides modeling support for insurer liabilities and capital. On the insurance product side, A-CAP’s primary lines of business are traditional fixed and equity-indexed annuities, with additional business in whole life insurance, Medicare supplement, and hospital indemnity products. A-CAP insurers originate over $2 billion of new premium annually.

ABOUT THE ROLE

A-CAP has an immediate opening for a self-motivated, resourceful, and well-organized candidate to join the team as a Reinsurance Accountant. The Reinsurance Accountant will work closely with the Reinsurance Accounting Manager to ensure accurate accounting within A-CAP’s growth-focused reinsurance function. This position will assist the reinsurance accounting team in administering all aspects of all reinsurance agreements in accordance with treaty parameters and ensuring proper accounting treatment for all reinsurance transactions. This position is responsible for creating journal entries for premiums, allowances, claims recoverable, and updating and maintaining the parameters to support business needs. This role will entail frequent communication with third-party reinsurers, Finance Team members, and auditors to ensure that A-CAP is fulfilling all requirements of its reinsurance agreements.

WHAT YOU WILL DO:

• Administer existing and new reinsurance agreements according to treaty parameters.
• Create and maintain spreadsheets tracking treaty activity.
• Analyze new reinsurance agreements and recommend and establish procedures for capturing transactions accurately and reporting to reinsurers.
• Ensure timely, accurate, and complete calculations, recording, reporting, and billing in accordance with treaty terms.
• Prepare and record journal entries as required for reinsurance activity.
• Reconcile reinsurance related activity, proactively identify issues, and take corrective action when necessary.
• Manage financial reporting while simultaneously overseeing payables/receivables.
• Assist in designing and evaluating internal controls.
• Respond to internal and external audit inquiries.
• Communicate with Finance Team members, third-party reinsurers, and senior management from across the company.
• Other duties and responsibilities as assigned.

WHAT YOU WILL NEED:

• Bachelor’s degree in accounting or related field with 5 years of relevant work experience (insurance industry experience is a plus); or any combination of education, professional training, or work experience that demonstrates ability to perform the job.
• Advanced knowledge of Microsoft Office suite; SQL is a plus.
• Excellent time management skills and attention to detail.
• Ability to coordinate and manage multiple projects simultaneously.
• Ability to communicate complex concepts, in both verbal and written forms, to a variety of audiences.
• Ability to build relationships with diverse team members from across the organization.
• Comfort with a steep learning curve and motivation to work in an opportunity-rich, dynamic environment.

BENEFITS:

A-CAP works hard to create a positive and supportive environment. That's why we offer great benefits to safeguard the health and well-being of our employees. Our comprehensive benefits package includes:

• Competitive salary/base pay
• Employer-sponsored medical, dental, and vision insurance
• Paid Life & AD&D Insurance (for employees and families)
• Paid Disability Insurance (STD LTD)
• Paid Parental Leave
• Paid Vacation and Sick Leave
• Paid Holidays (15 in 2024)
• Voluntary Supplemental Insurance policies
• 401(k) plan with employer match
• And other benefits and perks!

US work authorization is required.

Who We Are: http://www.acap.com/

POSITION TYPE AND EXPECTED HOURS OF WORK

This is a full-time position. Days and hours of work are Monday through Friday, 9:00 a.m. to 6:00 p.m., 40 hours weekly, or as otherwise arranged with the manager of the department.

EEO Statement

A-CAP is an Equal Opportunity Employer and does not discriminate in recruiting, hiring, promotion or any other personnel action based on the basis of race, ethnicity, national origin, color, sex, gender, gender identity or expression, sexual orientation, religion, age, disability, veteran status, or any other basis covered by appropriate law. We comply with the laws and regulations set forth in the Know Your Rights poster. All employment is decided on the basis of qualifications, merit, and business need. To request an accommodation, contact hr@acap.com and we will make every effort to respond to your request within 48 business hours and do everything we can to work towards a solution.

Disclaimer:

The above is intended to describe the general content of and requirements for the performance of this job. It should not be construed as an exhaustive statement of duties, responsibilities, or physical requirements. Nothing in this job description restricts management’s right to assign or reassign duties and responsibilities to this job at any time. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.