Director, Reinsurance Accounting

Cedar Rapids, IA - USA

Yearly Salary: $ 154858 - 204236

Posted on: 30+ days ago

Vacancies: 1 Vacancy

Department:

Accounting

Job Summary

The Director of Reinsurance Accounting provides strategic and operational leadership for the companys reinsurance accounting function ensuring the integrity accuracy and transparency of all ceded and assumed reinsurance financial activities. This role oversees the timely preparation and analysis of reinsurance financial reports manages compliance with GAAP and statutory accounting principles and maintains strong relationships with internal stakeholders and external partners.

As a key member of the Finance leadership team this role collaborates across the enterpriseparticularly with Actuarial Underwriting Claims Legal and Technologyto align reinsurance accounting processes with business and regulatory requirements. The Director drives process improvement systems modernization and control enhancements positioning the organization for efficiency scalability and audit readiness.

The ideal candidate combines deep technical expertise in reinsurance accounting with exceptional leadership and communication skills capable of influencing decisions and guiding the organization through continued transformation and growth.

Responsibilities:

Leadership & Strategy

Provide strategic direction and oversight for all reinsurance accounting functions including premiums losses commissions and related financial reporting.
Lead and develop a high-performing reinsurance accounting team fostering professional growth accountability and collaboration.
Drive the implementation of best practices and standardized processes across reinsurance accounting to enhance accuracy efficiency and internal control.
Partner with Finance leadership to align reinsurance accounting initiatives with enterprise objectives ensuring consistent communication of financial results and impacts.

Financial Oversight & Reporting

Oversee the preparation review and analysis of reinsurance financial reports under both GAAP and statutory accounting frameworks.
Interpret complex treaty agreements to ensure proper accounting and administrative treatment.
Communicate financial implications of reinsurance structures and transactions to executive management and key stakeholders.
Ensure timely and accurate completion of monthly quarterly and annual reinsurance close processes including settlements reconciliations and reporting.
Support the development and maintenance of accounting policies and procedures related to reinsurance ensuring compliance with internal controls and Sarbanes-Oxley (SOX) requirements.

Governance Compliance & Collaboration

Oversee coordination of internal and external audits related to reinsurance accounting.
Collaborate closely with Actuarial Underwriting Claims Legal and Technology teams to ensure accurate integration of treaty terms into financial systems and reporting processes.
Partner with the Finance Systems and Data teams to identify and implement tools or automation that improve the accuracy and efficiency of reinsurance accounting processes.
Maintain a proactive understanding of emerging accounting standards industry regulations and reinsurance market trends; assess their impact on financial reporting and business operations.

Transformation & Continuous Improvement

Lead or participate in enterprise-level modernization and transformation initiatives including the implementation of reinsurance accounting systems and enhancements to reporting tools.
Identify and drive opportunities for process improvement automation and data standardization across reinsurance accounting.
Develop and monitor metrics to evaluate the quality efficiency and timeliness of reinsurance accounting deliverables.

Qualifications:

Education:

Bachelors degree in Accounting or Finance required.
Certified Public Accountant (CPA) strongly preferred

Experience:

10 years of reinsurance accounting experience including GAAP and statutory reporting.
8 years of progressive leadership experience managing teams within a financial or insurance organization.
Prior property and casualty industry experience preferred

Knowledge skills & abilities:

Deep understanding of property and casualty reinsurance structures treaty accounting and regulatory compliance.
Proven experience leading complex reinsurance accounting operations including systems implementations or process transformation initiatives.
Strong strategic planning analytical and decision-making skills.
Proficiency in data and reporting tools (e.g. Excel Power BI Alteryx) and experience with reinsurance subledger or ERP systems.
Excellent interpersonal verbal and written communication skills with the ability to effectively interact with executive management and external partners.
Demonstrated ability to lead through ambiguity influence outcomes and deliver results in a fast-paced regulated environment.

Working Conditions:

General Office Environment
Travel Requirements: Infrequent travel only as needed

Pay Transparency Statement

UFG Insurance is committed to fair and equitable compensation practices. The base salary range for this position is $154858.25 - $204236.75 annually which represents the typical range for new hires in this role. Individual pay within this range will be determined based on a variety of factors including relevant experience education certifications skills internal equity geography and market data.

In addition to base salary UFG Insurance offers a comprehensive total rewards package that includes:

Annual incentive compensation
Medical dental vision & life insurance
Accident critical Illness & short-term disability insurance
Retirement plans with employer contributions
Generous time-off program
Programs designed to support the employee well-being and financial security.

This pay range disclosure is provided in accordance with applicable state and local pay transparency laws.

Required Experience:

Director