Reinsurance Accounting Manager United States, Bridgewater Jobs

Explore a critical and specialized niche in the insurance industry by searching for Reinsurance Accounting Manager jobs. This senior-level financial leadership role sits at the complex intersection of accounting, risk management, and corporate finance within insurance companies and reinsurance brokers. Professionals in this position are responsible for the accurate financial reporting and strategic management of reinsurance contracts, which are essential for insurers to mitigate their own risk exposure. A Reinsurance Accounting Manager ensures the integrity of all ceded (outgoing) and assumed (incoming) reinsurance transactions, making this a pivotal role for financial stability and regulatory compliance. The core responsibilities of a Reinsurance Accounting Manager typically encompass overseeing the entire reinsurance accounting cycle. This involves the administration and interpretation of complex reinsurance treaties and facultative certificates. A primary duty is managing the preparation, analysis, and reconciliation of ceded and assumed reinsurance statements, ensuring all entries accurately reflect the terms of each agreement. The manager leads the month-end and quarter-end close processes for reinsurance activities, reviewing and approving journal entries in strict adherence to relevant accounting frameworks such as GAAP, IFRS, and statutory accounting principles. Furthermore, they monitor and control cash flows related to reinsurance, ensuring the timely settlement of premiums, claims, and recoverables between entities. They also play a key role in internal and external audits, providing necessary documentation and explanations for reinsurance balances and transactions. To excel in Reinsurance Accounting Manager jobs, candidates must possess a deep and specialized skill set. A strong accounting background, typically evidenced by a CPA or equivalent certification, is fundamental. Several years of direct, hands-on experience in reinsurance accounting or finance within an insurance carrier is the most critical requirement. This specialized knowledge includes understanding various reinsurance structures (proportional vs. non-proportional, treaty vs. facultative) and their financial implications. Technical proficiency in advanced Excel and often specialized reinsurance or general ledger software is essential. The role demands exceptional analytical and problem-solving skills to navigate complex contract terms and resolve discrepancies. Strong leadership and communication abilities are also vital, as managers supervise a team, collaborate with underwriting and actuarial departments, and explain intricate financial data to senior executives. For those with the requisite expertise, Reinsurance Accounting Manager jobs offer a challenging and rewarding career path with significant impact on an organization's financial health and strategic risk posture.