Note: The job is a remote job and is open to candidates in USA. Equitable is looking for a Reinsurance Accountant who is an expert in analysis for complex reinsurance initiatives. The role involves daily accounting activities, interpreting contracts, establishing internal policies, and ensuring compliance with accounting standards.
Responsibilities
- Daily reinsurance accounting activities, including transaction recording, reconciliation, and ledger maintenance
- Interpret and operationalize complex reinsurance contracts in accordance with applicable accounting standards
- Establish and uphold internal policies and procedures for reinsurance financial operations
- Ensure timely issuance of billing statements and collections from reinsurers
- Identify trends and variances through financial data review; advise leadership on potential improvements
- Perform routine account reconciliations and resolve discrepancies effectively
- Maintain strict adherence to accounting standards, regulatory requirements, and internal control procedures
- Prepare for internal and external audits, providing all necessary documentation and insights
- Knowledge of contract provisions, reinsurance concepts and principles and general business trends
- Use business process design tools, including process maps and flow charts, to clarify reinsurance problems, goals and requirements to various Reinsurance stakeholders
- Provide extensive subject matter expertise to support our enterprise strategy for reinsurance data
- Supports an agile project management framework to prioritize and pace projects with a cross-functional team
- Monitor client accounts / statistics by using internal reports, perform data analysis and support Stakeholders with reports and statistics
- Financial Reporting US GAAP/ US STAT/ Bermuda STAT, Schedule S, etc.)
- Monitor client accounts / statistics by using internal reports, perform data analysis and support Stakeholders with reports and statistics
Skills
- Bachelor's degree in accounting, Finance or a related discipline
- 5+ years experience in reinsurance accounting, claims and reporting within the insurance industry, ideally in the Life and Annuities
- Established technical knowledge of reinsurance arrangements, accounting principles, and regulatory frameworks
- Proven knowledge working with Microsoft Excel and financial systems; experience with reinsurance tools (e.g., RMS, AIR) is an advantage
- Demonstrated analytical skills, attention to detail, and ability to manage complex datasets
- Effective communication and interpersonal skills for team leadership and collaboration with both internal and external stakeholders and team members
- Ability to thrive in a dynamic, deadline-driven environment
- Proactively seeks advice for new issues and suggests solutions
- CPA, industry designation (i.e. ALMI, FMLI) or equivalent certification
- Business Objects, Analysis for Office, Power Bi, and Tableau
Benefits
- Flexible work schedule: it may be fully remote or hybrid
- Hybrid schedule with 2–3 days on-site per week is expected to foster collaboration and connection
- Base salary increases
- Spot bonuses
- Short-term incentive compensation opportunities
- Medical
- Dental
- Vision
- A 401(k) plan
- Paid time off
Company Overview