Reinsurance Accounting Manager - Boca Raton, FL (33427)

Position Summary: The Reinsurance Accounting Manager is a key position responsible for overseeing, completing and reviewing complex reinsurance reporting initiatives for the Company. This position manages financial reporting functions to ensure timely, accurate accounting and financial reporting that complies with statutory accounting principles. In addition, the Reinsurance Accounting Manager is responsible for ensuring that reinsurers are paid timely, monitors receivables from reinsurers and ensures compliance with all reinsurance reporting requirements. Essential Functions: Timely and accurately calculate and book complex ceded reinsurance transactions (quota share and catastrophe). Submit loss bordereaux and billings within contract terms. Monitor and manage the timely collection of balances due from reinsurers, including the maintenance of an inventory of receivables by reinsurer. Research accounting guidance and apply appropriate accounting guidance to complex reinsurance transactions and structures. Prepare statutory schedules required in periodic regulatory filings (Schedule F) Ensure that adequate collateral is maintained for unauthorized and certified reinsurers Make certain that reinsurance premiums and any premium adjustments are accounted for correctly. Confirm that premium remittances are accurate, and that remittance is timely and maintain a schedule of payables to reinsurers. Periodically report to senior management on the status and performance of reinsurance programs by treaty year. Respond to various reinsurance broker or reinsurer inquiries as necessary. Facilitate successful audit requests or regulator related inquiries or procedures. Lead and mentor a Reinsurance Accountant, providing guidance, training, and performance evaluations. Other miscellaneous reinsurance related responsibilities due to program changes or commutations.