A specialty insurer in the Property & Casualty space are looking for a Director of Accounting for their team in the US.

Based out of New York, this role will be responsible for overseeing and managing the reinsurance accounting function within the firm. The director will work closely with internal stakeholders in underwriting, claims, and the wider finance teams, to ensure compliance with accounting standards and optimise reinsurance recoveries. A strong understanding of reinsurance principles is a must!

Responsibilities;

• Manage, coach, and develop a small team of reinsurance accountants (currently 6).

• Develop and implement accounting policies and procedures for reinsurance operations

• Review and validate reinsurance transactions, ensuring accuracy, completeness, and adherence to accounting standards

• Oversee the preparation and submission of reinsurance premium payments and billing statements to reinsurers

• Monitor and reconcile reinsurance accounts, investigating and resolving any discrepancies

• Manage quarterly cede experience report generation for premiums, losses, and commission

• Provide support during internal and external audits by gathering and organizing relevant documentation, responding to auditor inquiries, and assisting in the preparation of audit schedules and work papers related to reinsurance

• Provide oversight and administration of collateral requirements.
  

Candidate’s must be fully qualified (CPA, CA, ACCA or similar) with specific reinsurance sector experience. Candidates without reinsurance experience will not be considered.

Additionally, strong people management along with strong systems knowledge and technical accounting experience is a must.

 Comp is circa US$200K – US$250K + Bens

 For further information, please contact David Joiner.