Job Description

Now Hiring! Reinsurance Accountant
Location: New York, NY
Salary: $100-200k annually

Who we are: http://www.acap.com/

A-CAP is a rapidly growing organization that owns and operates multiple insurance companies and ancillary insurance businesses and has over $5 billion of assets under management. This opening is with the holding company, which primarily performs asset management, actuarial, accounting, and other oversight functions on behalf of A-CAP\xe2\x80\x99s insurers and third-party clients. This group also provides strategic and operational support to A-CAP\xe2\x80\x99s portfolio companies/subsidiaries, proactively formulates new investment strategies, oversees external financing and acquisition activities, and provides modeling support for insurer liabilities and capital. On the insurance product side, A-CAP\xe2\x80\x99s primary lines of business are traditional fixed and equity-indexed annuities, with additional business in whole life insurance, Medicare supplement, and hospital indemnity products. A-CAP insurers originate over $2 billion of new premium annually.

Job Summary: A-CAP has an immediate opening for a self-motivated, resourceful, and well-organized candidate to join the team as a Reinsurance Accountant. The Reinsurance Accountant will work closely with the Reinsurance Accounting Manager to ensure accurate accounting within A-CAP\xe2\x80\x99s growth-focused reinsurance function. This position will assist 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 creating journal entries for premiums, allowances, claims recoverable, and updating and maintaining the parameters to support business needs. This role will entail frequent communication with third-party reinsurers, Finance Team members, and auditors to ensure that A-CAP is fulfilling all requirements of its reinsurance agreements.

What You\'ll Do:

• Administer existing and new reinsurance agreements according to treaty parameters.
• Create 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.
• Prepare and record journal entries as required for reinsurance activity.
• Reconcile reinsurance related activity, proactively identify issues, and take corrective action when necessary.
• Manage financial reporting while simultaneously overseeing payables/receivables.
• Assist in designing and evaluating internal controls.
• Respond to internal and external audit inquiries.
• Communicate with Finance Team members, third-party reinsurers, and senior management from across the company.
• Other duties and responsibilities as assigned.

• Bachelor\xe2\x80\x99s degree in accounting or related field with 5+ years of relevant work experience (insurance industry experience is a plus); or any combination of education, professional training, or work experience that demonstrates ability to perform the job.
• Advanced knowledge of Microsoft Office suite; 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 opportunity-rich, dynamic environment.