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Job Summary

The Captive Financial Management Accountant will interact and collaborate with the Underwriting team, IT personnel, TPA’s, Reinsurers/Captives, External and Internal Auditors, and other external/internal clients on a day-to-day basis. They will provide all necessary finance support for an assigned book of business, with a focus on accuracy, meeting prescribed deadlines and client services. This role will regularly communicate with external clients.

Responsibilities

• Preparation and ownership for the client facing relationship for an assigned book of business. This includes:

• The preparation of the Reinsurance Statement of Account (cession/bordereau) to the Reinsurance Brokers and/or Reinsurers in a timely and accurate manner in accordance with the terms of the Reinsurance Contract.

• Preparation and Processing of any Cash Receipts and Disbursements, and the payment and/or recovery of reinsurance. Preparation of Letter of Credit Funding Requirements on a quarterly basis and submission to Reinsurers/Captives.

• Research and analysis based on client requests on an ad hoc basis.

• Cultivate strong business partnerships while gaining a thorough understanding of the business being supported; leverage understanding of business to respond to internal and external questions and requests.  Work closely with underwriting team to understand the business and provide the financial operational support needed.

• Communication and Interaction with Underwriting team, IT personnel, TPA’s, Reinsurers/Captives, and various external and internal contacts on day-to-day basis.

• Reconciliation of the General Ledger for accounts that pertain to Alternative Market’s Balance Sheet.

• Completion of Key Assignments/Special Projects that may be assigned from time to time.

Required Skills and Abilities

• Ability to analyze data, including ability to recognize anomalies in data.

• Intermediate Excel skills.

• Strong communication skills.

• Excellent accounting and finance working knowledge.

EDUCATION/EXPERIENCE

• 5+ years accounting or finance experience within the insurance/reinsurance industry.

• Bachelor’s Degree, preferably in Accounting/Finance.

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For individuals assigned or hired to work in California, Colorado, Hawaii, Jersey City, NJ; New York State; and/or Washington State, the base salary range is listed below. This range is as of the time of posting. Position is incentive eligible.

$79,900 - $107-900/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

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