Company Description
Arch Global Services offers competitive pay and a comprehensive benefits package. Additionally, Arch is committed to helping its associates create what’s next by providing access to a variety of programs supporting your professional development and a culture that encourages innovation, collaboration and professional growth. We seek talent that thinks innovatively, values collaboration and will go the extra mile to serve our customers and develop our company. We also have a little fun along the way, check out our Holiday Party.
Job Description
Shift assignment: Night Shift
We are looking for a dynamic and engaging Senior Accountant for an opportunity to join an industry-leading Property & Casualty insurance carrier focused on partnering with Reinsurers, MGAs/Program Administrators, and Insurtechs.
We provide access to commercial and personal lines utilizing our admitted and non-admitted capabilities across all 50 states. You would join a deeply experienced and broadly talented operating team where your experience and drive will become instrumental in further growing our business.
In addition to the day-to-day coordination of activities related to internal and external functions supporting the finance department this position is also responsible for but are not limited to the following:
The Senior Accountant will perform all aspects of reinsurance accounting.
* Payments of deposit premium for XOL treaties
* Quarterly financial ceded premium on XOL treaties - GNWP & GNEP Basis
* XOL treaty True-up calculations
* GL reconciliation - (Premiums Payable XOL) for quarterly close including commentary and each treaty reviewed quarterly
* GL reconciliation - (Premiums Payable QS) - review list of treaties quarterly working to verify accuracy
* QS accounts - Rending and settlements along with applying cash call credits
* Assistance with collateral review and requests - annual process
* LOC maintenance (increases and decreases required)
* Collaborating with appropriate stakeholders for operational set-up of new reinsurance treaty, captive or facultative agreements
* Special reporting required with affiliates
* Facultative loss calculations – financial closings and management reporting
Qualifications
Required Skills/Experience
* 3+ years experience in an insurance/reinsurance accounting role within a property & casualty insurance company
* Strong excel skills (Pivot, v-lookups)
* Ability to demonstrate critical thinking and analysis.
* Desire to pursue innovation and improvement
* Has strong interpersonal, communication, and organization skills
Additional Information
* 3 to 6 years’ experience working in Accounting/Finance with emphasis in the insurance/reinsurance industry.
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