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Performs treaty and accounting requirements for reinsurance activities. Works with Financial Shared Services and other subject matter experts (both internal and external) to learn and document the Company’s reinsurance activities. Works with the Reinsurance Accounting team to develop a centralized inventory of active reinsurance treaties and related provisions for timely and accurate adherence to treaty provisions. Documents how reinsurance activities are reflected in the Company’s accounting and reporting systems on both a US GAAP and Statutory basis from a process and control perspective; documentation is maintained to meet business and operational needs, and to maintain compliance with Sarbanes-Oxley (SOX) 404 and Model Audit Rule (MAR). Performs the documentation and administration of existing reinsurance treaty agreements to ensure adherence to treaty provisions and requirements and to facilitate periodic cash settlement. Works with the Financial Reporting team to complete all monthly, quarterly and annual accounting requirements including journal entries, performance of reinsurance-related activity, reinsurance accruals, and Schedule S filings. Assists with external and internal audit requests. Performs other related duties as required
Job Responsibility:
Performs treaty and accounting requirements for reinsurance activities
Works with Financial Shared Services and other subject matter experts to learn and document the Company’s reinsurance activities
Works with the Reinsurance Accounting team to develop a centralized inventory of active reinsurance treaties and related provisions
Documents how reinsurance activities are reflected in the Company’s accounting and reporting systems
Performs the documentation and administration of existing reinsurance treaty agreements
Works with the Financial Reporting team to complete all monthly, quarterly and annual accounting requirements
Assists with external and internal audit requests
Performs other related duties as required
Requirements:
Bachelor's Degree Accounting, finance, or a related field
Four years of professional job-related work experience
Understanding of accounting principles for U.S. GAAP
Focus on detail and meticulous documentation
Intellectual curiosity to learn and understand U.S. GAAP, statutory and international accounting implications
Proficient in Microsoft Office including Excel
Proficient in process improvement techniques including diagnostic and problem-solving skills, and facilitation and negotiation skills
Aptitude for learning accounting and data analysis systems/applications
Excellent analytical, research and problem-solving skills
Ability to exhibit and maintain professionalism in accordance with corporate standards
Excellent written and oral communication skills, with ability to effectively collaborate with team and management
Nice to have:
Knowledge and experience with SAP preferred
Preferred Working toward Certified Public Accountant (CPA) designation
Reinsurance experience
What we offer:
medical, dental, and vision coverage
prescription drug coverage
health care flexible spending
dependent care flexible spending
Aflac supplemental policies (Accident, Cancer, Critical Illness and Hospital Indemnity offered at no costs to employee)