Responsible for accounting and reporting of financial activities related to the business unit’s group captive and special risk program business. Statutory accounting and reporting responsibilities related to the company’s insurance business.
-Recording/balancing general ledger (i.e. premiums, claims, commissions, reinsurance, etc)
-Preparation of cession reports for captive reinsures
-Involved in data collection, premium/claim accounting issues, and participation with TPA/MGU audits as required
-Reinsurance cash flow reporting, settlement of reinsurance balances, maintenance of funds held accounts.
-Responsible for monthly, quarterly and annual closing processes
-Assist in the production of annual and quarterly statutory financial statements
-Preparation of Schedules F and Schedule P, as well as, other exhibits and schedules reported in the company’s annual and quarterly statements file with insurance regulators
-Monthly review of general ledger balance sheet and P&L accounts assuring accuracy overseeing and ensuring timely resolution of reconciling items
-Preparation of premium tax returns and analysis; reporting of premium taxes
-Preparation of various other periodic statutory filings
-Accounting Degree required; Masters a plus
-5+ Insurance accounting experience preparing statutory financial statements (yellow book/blue book required)
-Demonstrated experience with month-end closing
-Strong Excel, general ledger systems, as well as, other financial applications
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