Reinsurance Analyst

Accounting Encino, California


  • Job Category:

    Accounting

  • Location:

    Encino, California

  • Job Type:

    Regular

  • Number of Openings:

    1

Description

Position at Tokio Marine HCC

 

Reinsurance Analyst - CPLG

We are looking to hire a Reinsurance Analyst under supervision, responsible for moderately complex accounting activities relating to maintaining a complete and accurate general ledger and the resultant managerial reports and financial statements for Reinsurance Accounting.

Location: Encino, CA

Hybrid work schedule

Performance Objectives

  • Prepare general ledger entries and assist in reconciling the sub-ledger to the general ledger.
  • Compile and analyze financial information to prepare various reports for management, including but not limited to those regarding facultative, treaty, and excess of loss coverage for reinsurance programs.
  • Reconcile re-insurer balances to the general ledger and sub-ledgers.
  • Interpret and input reinsurance agreements into the financial system for use by Underwriting, Claims, and Accounting departments.
  • Assist in the preparation of quarterly and annual statutory filings on both a consolidated and company basis.
  • Prepare internal summaries of assumed and ceded business. Compile data for management related to commutations and liquidations.
  • Assist in management review of outgoing Letters of Credit and invoices from banks for related fees.
  • Respond to inquiries from reinsurers/brokers and assist with rating agency responses.
  • Review forms and reports prepared by other team members for accuracy and completeness.

Key Responsibilities

  • Ensure compliance of select premium bordereaux for embedded and higher limit premiums with quota share contracts in force.
  • Interpret reinsurance agreements for use by Underwriting, Claims, and Accounting departments.
  • Respond to inquiries from client carriers/brokers concerning premium settlements and collection and coordinate responses from the various departments.
  • Prepare and task invoices to underwriting in an accurate, complete, and timely manner.
  • Proactively detect, research, and resolve reconciliation items as they relate to client-carrier balances.
  • Analyze and research accounts with stale dated reinsurance issues with missing data.

Education & Experience

  • 4 Year Bachelor’s Degree in Accounting, Finance, a related field, or the equivalent education and/or experience
  • Minimum of 2 years of Relevant and progressive professional experience in Accounting and/or Finance
  • Work towards Certified Public Accountant (CPA) designation preferred

 Other:

  • Understanding of Generally Accepted Accounting Principles (GAAP) and Statutory Accounting Principles
  • Possess and have the ability to apply knowledge of principles, practices, and procedures
  • Solid written and verbal communication skills with an emphasis on confidentiality, tact, and diplomacy
  • Advanced organizational and analytical skills; demonstrated ability to manage multiple tasks simultaneously
  • Knowledgeable of industry changes, legal updates, and technical developments related to applicable areas of the Company's business to proactively respond to changing business environment
  • Intermediate proficiency and experience using Microsoft Office package (Excel, Access, PowerPoint, Word)

 Location:  Encino, CA

 California Residents Only

For candidates working in person or remotely in Encino, CA, the reasonable pay range for this specific position is  $68,300 - $93,830 annually.   The salary offered for this specific position is based on a number of legitimate, non-discriminatory factors set by the Company. The Company is fully committed to ensuring equal pay opportunities for equal work regardless of color, race, sex, national origin, sexual orientation, gender identity, gender expression, religion, age, veteran status, disability, pregnancy, citizenship status, genetic information, or any other basis protected by federal, state, or local pay equity laws. The salary range is the range THMCC, in good faith, believes is the range of possible compensation for this role at the time of this posting. This range may be modified in the future, and actual compensation may vary from posting based on geographic location, work experience, education, and/or skill level. Even within the pay range, the actual compensation will vary depending on the above factors as well as market and business considerations.”

The Tokio Marine HCC Group of Companies offers a competitive salary and employee benefits package. We are a successful, dynamic organization experiencing rapid growth and are seeking an energetic and confident individual to join our team of professionals. The Tokio Marine HCC Group of Companies are equal opportunity, employers. Please visit www.tmhcc.com for more information about our companies.

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