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Reinsurance Accountant job in Durham

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Career Interest:  Accounting/Financial
Insurance Discipline:  Life and Health
Job Type:  Full Time
State:  North Carolina (NC)
City:  Durham
Durham, NC, USA (Show on map)

f you want to be impactful, like to see the big picture and be an important part of helping an organization grow, then this is a strong opportunity for you to join an entrepreneurial organization that has made 15 acquisitions to date and is continuing to expand. This a lead role where you can take on additional responsibility and where you’ll be looked at for future leadership positions.


Reporting to the Controller, you’ll be responsible for reinsurance accounting, administration and analysis with a focus on Life treaties. You should have a solid background in both the technical aspects of reinsurance as well as the accounting aspects. As the company continues to integrate new acquisitions/books of reinsurance business, you’ll also be involved in process improvement and migrating to a new reinsurance system platform. Compensation is open but gravitating up to the $110,000 range plus a bonus. All in, the role is expected to be in the $125,00 range the first year. A fuller job description is below:




The Reinsurance Accountant roll is responsible for treaty administration, accounting and reporting to drive reinsurance process improvement and control monitoring across multiple bases of accounting; STAT, GAAP, Tax. This position will involve analysis of reinsurance results, presenting analytical findings, reviewing and implementing new reinsurance treaties and ensuring consistent and accurate implementation of reinsurance settlements and accounting models across domestic and international insurance subsidiaries.



· Prepare reinsurance settlements and reporting for internal and external treaties with a focus on Life treaties.
· Prepared monthly reinsurance reporting across multiple accounting bases; STAT, GAAP, Tax.
· Lead ad hoc reinsurance projects (ex: reinsurance improvement projects, such as large reinsurance deals and acting as a primary point of contact for auditors).
· Define and evaluate new reinsurance treaty accounting models and calculation methodologies, and assist in preparation of technical accounting policy documentation.
· Coordinate requests for information needed for external and regulatory auditors.
· Compile and review reinsurance related footnote disclosures and reinsurance related Annual Statement schedules.
· Provide assistance, support and training to less experienced personnel.
· Serve as a backup for various functional areas within the division.
· Provide accounting guidance and support for potential acquisitions



· Bachelor’s degree in accounting and 5 years’ experience in a similar role.
· Knowledge of generally accepted accounting principles (GAAP) and statutory accounting theory and practice.
· Analytical, problem solving and organizational skills.
· Interpersonal skills.
· Proficiency in Microsoft Word, Excel and Access applications.
· Clear and concise verbal and written communication skills.

Salary:  Open
Bonus/Benefits:  $100,000 - $110,000 plus bonus - $125,000 range all in

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