DirectorManager of Reinsurance Accounting
DirectorManager of Reinsurance Accounting
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Job Description
EMPLOYER: Sentinel Security Life Insurance Company
DEPARTMENT: Finance
REPORTS TO: Insurance Controller
LOCATION: Onsite in Miami Brickell
ABOUT THE COMPANY
Since 1948 families have counted on Sentinel Security Life Insurance Company (SSL) during their time of need. The Company was originally established to provide families a way of funding funeral expenses and burial costs. Through our final expense life insurance product we have been honored to provide peace of mind to families for well over half a century. Today Sentinel offers a strong senior market portfolio including Life and Annuity products. We continue to develop new products while improving existing products and services to better protect our customers. Sentinel has a long history of financial strength and stability that has afforded us the opportunity to invest wisely in the growth of our company. Our strength lies not only in the quality of our insurance products but also the level of service we provide to our policyholders agents and shareholders.
ABOUT THE ROLE
SSL has an immediate opening for a selfmotivated resourceful and wellorganized candidate to join the team as a Reinsurance Accounting Director/Manager. The Reinsurance Accounting Director/Manager will work closely with the Insurance Controller and Reinsurance Accountants to ensure accurate accounting within SSLs growthfocused reinsurance function. This position will manage the reinsurance accounting team in administering all aspects of all reinsurance agreements in accordance with treaty parameters and ensuring proper accounting treatment for all reinsurance transactions. This position is responsible for reviewing and approving journal entries for premiums allowances claims recoverable and updating and maintaining the parameters to support business needs. This role will entail frequent communication with thirdparty reinsurers Finance Team members and auditors to ensure that SSL is fulfilling all the requirements of its reinsurance agreements.
WHAT YOU WILL DO:
- Hire train develop motivate and evaluate the Reinsurance Accounting staff
- Administer existing and new reinsurance agreements according to treaty parameters.
- Review and maintain spreadsheets tracking treaty activity.
- Analyze new reinsurance agreements and recommend and establish procedures for capturing transactions accurately and reporting to reinsurers.
- Ensure timely accurate and complete calculations recording reporting and billing in accordance with treaty terms.
- Review journal entries as required for reinsurance activity.
- Review reconciliations of reinsurance related activity proactively identify issues and take corrective action when necessary.
- Manage financial reporting while simultaneously overseeing reinsurance payables/receivables.
- Design and evaluate internal controls related to reinsurance processes.
- Develop and document or review and update reinsurance policies and procedures.
- Respond to internal and external audit inquiries.
- Communicate with Finance Team members thirdparty reinsurers and senior management from across the company.
- Other duties and responsibilities as assigned.
WHAT YOU WILL NEED:
- Bachelors degree in accounting or related field with 10 years of relevant work experience including at least 3 years in the insurance industry specifically related to reinsurance accounting and annuity products.
- Experience supervising accounting staff or any combination of education professional training or work experience that demonstrates ability to perform the job.
- Advanced knowledge of Microsoft Excel; working experience with Microsoft Office Suite and Outlook; SQL is a plus.
- Excellent time management skills and attention to detail.
- Ability to coordinate and manage multiple projects simultaneously.
- Ability to communicate complex concepts in both verbal and written forms to a variety of audiences.
- Ability to build relationships with diverse team members from across the organization.
- Comfort with a steep learning curve and motivation to work in an opportunityrich dynamic environment.
BENEFITS:
ACAP works hard to create a positive and supportive environment. Thats why we offer great benefits to safeguard the health and wellbeing of our employees. Our comprehensive benefits package includes:
- Competitive salary/base pay
- Employersponsored medical dental and vision insurance
- Paid Life & AD&D Insurance (for employees and families)
- Paid Disability Insurance (STD LTD)
- Paid Parental Leave
- Paid Vacation and Sick Leave
- Paid Holidays 13 scheduled in 2025
- Voluntary Supplemental Insurance policies
- Safe Harbor 401(k) plan with employer match
- And other benefits and perks!
POSITION TYPE AND EXPECTED HOURS OF WORK
This is a fulltime position. Days and hours of work are Monday through Friday 9:00 a.m. to 6:00 p.m. 40 hours weekly or as otherwise arranged with the manager of the department.
US work authorization is required.
Who We Are: Statement
ACAP is an Equal Opportunity Employer and does not discriminate in recruiting hiring promotion or any other personnel action based on the basis of race ethnicity national origin color sex gender gender identity or expression sexual orientation religion age disability veteran status or any other basis covered by appropriate law. We comply with the laws and regulations set forth in the Know Your Rights poster. All employment is decided on the basis of qualifications merit and business need. To request an accommodation contact and we will make every effort to respond to your request within 48 business hours to work towards a positive solution.
Disclaimer:
The above is intended to describe the general content of and requirements for the performance of this job. It should not be construed as an exhaustive statement of duties responsibilities or physical requirements. Nothing in this job description restricts managements right to assign or reassign duties and responsibilities to this job at any time. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Required Experience:
Senior Manager
Employment Type
Full-Time
