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Assistant Manager – Reinsurance Accounting
| Company | Arch Capital Group |
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| Location | Morristown, NJ, USA |
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| Salary | $125000 – $135000 |
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| Type | Full-Time |
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| Degrees | Bachelor’s |
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| Experience Level | Senior |
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Requirements
- Bachelor’s degree in accounting
- 5-7 years of reinsurance or insurance accounting experience
- Experience in property & casualty reinsurance assumed/ceded accounting a plus
- ARe certification and/or CPCU courses a plus
Responsibilities
- Analyze & process monthly/quarterly premium bordereaux for program business
- Reconcile invoicing to supporting documentation
- Confirm premium is calculated according to contractual terms
- Review program contract setup for accuracy in the reinsurance system
- Follow up and respond to client related requests
- Follow-up for missing accounts
- Follow-up on overdue balances and unapplied cash amounts
- Oversee the monthly billing process for new certificates/endorsements to direct clients and brokers
- Oversee the daily vouchering and application of cash receipts and disbursements
- Prepare monthly & quarterly outstanding receivable and unapplied cash reports
- Reconcile monthly cash reports
- Assist with the preparation, calculation, and booking of quarterly ceded premium and loss bordereaux
- Assist in the preparation of various management reports on a quarterly basis
- Assist in the preparation of Assumed & Ceded Schedule F for Annual Statement
- Ensure effective SOX controls are maintained and followed
Preferred Qualifications
- Experience in property & casualty reinsurance assumed/ceded accounting a plus
- ARe certification and/or CPCU courses a plus
