Reinsurance Accountant
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Job Location:
Birmingham, MI - USA
Monthly Salary:
$ 63500 - 76500
Posted on:
22 hours ago
Vacancies:
1 Vacancy
Job Summary
The work we do has an impact on millions of lives and you can be a part of it.
Wehelp protect our customers against lifes ofwhere you work within thecompany youll behelping provide protection and peace of mind when our customers need it most.
This role supports the accounting and reporting processes for multiple reinsurance agreements within Protectives Reinsured Premium Team. The successful candidate will perform a variety of monthly and quarterly accounting responsibilities including preparing reinsurance accruals reconciling reinsured premium payables completing journal entries generating reporting packages and assisting with audit activity.
This position plays a key role in ensuring data accuracy and integrity through detailed analysis and validation. The role also involves working across multiple administrative systems supporting a wide range of acquired products serving as a point of contact for reinsured companies and contributing to process improvements and automation initiatives within the Reinsurance Department.
Key Responsibilities
- Prepare accurate monthly and quarterly reinsurance accruals.
- Reconcile and distribute reinsured premium payables.
- Perform manual calculations for reinsurance programs not maintained within reinsurance systems.
- Prepare and deliver monthly and quarterly reports including settlement statements and other required documentation.
- Analyze financial results and provide insights or explanations as needed.
- Conduct reconciliations for key reinsurance accounts.
- Investigate and resolve discrepancies by collaborating with internal departments and external partners.
- Support internal and external audits during quarterly and annual review cycles.
- Serve as a resource for internal and external stakeholders regarding reinsured premium activity.
- Assist with statutory and GAAP financial reporting requirements.
- Participate in crosstraining within the team to support group development.
- Contribute to process improvement and automation efforts involving manual processes.
- Perform other accounting and financial duties as assigned.
Skills Abilities and Knowledge Required:
- Bachelors degree in Accounting Finance or related field.
- Minimum of 2 years of professional accounting experience.
- Strong analytical critical-thinking and problemsolving skills.
- Excellent communication and interpersonal skills.
- Proficiency in Microsoft Excel including pivot tables VLOOKUP/XLOOKUP and handling large data sets.
- High attention to detail and accuracy with a strong sense of urgency.
- Ability to manage multiple priorities and meet deadlines.
- Ability to work both independently and collaboratively.
- Familiarity with GAAP and Statutory reporting general ledgers accounting systems and operational accounting workflows.
Preferred Qualifications
- CPA or equivalent certification.
- Experience with SAP SQL Power Query or Power BI.
- Insurance or reinsurance industry experience.
$63500 - $76500 a year
Protectives targeted salary range for this position is $63500 to $76500. Actual salaries may vary depending on factors including but not limited to job location skills and experience. The range listed is just one component of Protectives total compensation package for employees.
The internal title for this position is Analyst II General Accounting.
Employee Benefits:
We aim to protect the wellbeing of our employees and their families with a broad benefits addition to offering comprehensive health dental and vision insurance we support emotional wellbeing through mental health benefits and an employee assistance balance is important and Protective offers a variety of paid time away benefits (e.g. paid time off paid parental leave short-term disability and a cultural observance day).The financial health of our employees is just as important as physical and emotional health. Some of the financial wellbeing benefits include contributions to healthcare accounts a pension plan and a 401(k) plan with Company matching. All employees are encouraged to protect their overall wellbeing by engaging in ProHealth Rewards Protectives platform to improve wellbeing while earning cash rewards.
Eligibility for certain benefits may vary by position in accordance with the terms of the Companys benefit plans.
Accommodations for Applicants with a Disability:
If you require an accommodation to complete the application and recruitment process due to a disability please emailemailprotected. This information will be held in confidence and used only to determine an appropriate accommodation for the application and recruitment process.
Please note that the above email is solely for individuals with disabilities requesting an accommodation. General employment questions should not be sent through this process.
We are proud to be an equal opportunity employer committed to being inclusive and attracting retaining and growing an inclusive workforce.
We may use artificial intelligence (AI) tools to support parts of the hiring process such as reviewing applications analyzing resumes or assessing responses. These tools assist our recruitment team but do not replace human judgment. Final hiring decisions are ultimately made by humans. If you would like more information about how your data is processed please contact us.
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About Company
Protect your future with a life insurance policy or annuity from Protective. Discover options that give you and your family confidence for what's ahead.
