Reinsurance Accounting Manager

UFG is currently seeking a Manager Reinsurance Accounting to beresponsible for overseeing the day-to-day accounting operations reporting analysis and compliance of the Companys reinsurance activities. This role directs the procedures performed by the team to ensure the completeness accuracy and timeliness of all reinsurance accounting processes including ceded and/or assumed transactions integrity of calculations reconciliations and financial disclosures.

Working closely with Finance leadership Actuarial and Reinsurance Operations teams this position provides technical research and other accounting support for treaty execution activities cash settlements and reinsurance reporting (GAAP and statutory) processes while maintaining an effective internal control environment. The Manager will play a key role in continuous improvement driving process optimization ensuring regulatory compliance and contributing to the modernization of reinsurance accounting systems and practices.

This position requires strong leadership analytical and communication skills with the ability to collaborate effectively across departments and external partners in a complex fast-paced insurance environment.

Essential Duties and Responsibilities:

Reinsurance Operations & Reporting

• Oversee daily reinsurance accounting operations ensuring timely completion of month-end quarterly and annual closing activities.
• Review and approve calculations settlements and journal entries for accuracy and compliance.
• Coordinate preparation of financial statement disclosures schedules and statutory filings related to reinsurance activities.
• Analyze reinsurance results and monitor key performance indicators to provide insights to Finance leadership and other stakeholders.
• Actively participate in new treaty implementations.
• Review treaty terms and documentation to ensure proper accounting treatment (i.e. GAAP statutory accounting principles) and alignment with company policies
• Collaborate with business partners across actuarial underwriting claims and finance to resolve discrepancies and ensure data integrity.

Governance & Controls

• Maintain SOX-compliant documentation ensuring adherence to company policies and internal control requirements.
• Collaborate with Internal Audit external auditors and Finance leadership to prepare and respond to audit requests.
• Monitor reinsurance recoverable and payable balances to ensure accurate reconciliation and timely collection or settlement.

Collaboration & Process Improvement

• Partner with the Finance Systems and Data team to maintain and enhance subledger systems supporting reinsurance accounting.
• Identify recommend and implement process and automation improvements to enhance efficiency and accuracy.
• Collaborate with cross-functional teams including operations and IT to support finance transformation initiatives designed to modernize systems and standardize financial processes.
• Participate in special projects including integrations migrations and regulatory change implementations.
• Perform other duties as assigned to support the reinsurance team and company goals

Leadership

• Manage and mentor team members providing training guidance and performance feedback.
• Promote a culture of accountability continuous improvement and collaboration within the reinsurance accounting function.
• Coordinate workloads to meet deliverables and balance ongoing operational and project-related priorities.

Job Specifications:

Education:

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

Experience:

• 10 years of insurance accounting experience with 5 years related to reinsurance accounting
• 35 years of supervisory or leadership experience
• Prior experience within property and casualty insurance preferred

Knowledge skills & abilities:

• Strong understanding of GAAP and statutory accounting principles.
• Strong analytical and problem-solving skills with attention to accuracy and detail.
• Advanced proficiency in Microsoft Excel (pivot tables VLOOKUP complex formulas)
• Experience with ERP or reinsurance subledger systems preferred.
• Exceptional analytical problem-solving and organizational skills.
• Excellent written and verbal communication abilities with a capacity to communicate effectively at all levels.
• Ability to manage multiple priorities meet deadlines and work effectively in a dynamic environment.
• Process improvement mindset with ability to identify and implement efficiency enhancements.
• Critical thinking skills and sound professional judgment.
• Strong leadership presence team orientation and commitment to operational excellence.

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 $123865 - $163368 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:

Manager