Reinsurance Accountant

Job DescriptionThe Reinsurance Accountant is responsible for managing financial operations and ensuring compliance with accounting standards and regulations. The role handles responsibilities which include preparing financial reports, analyzing financial data, developing reinsurance bordereaux, managing financial risks, maintaining internal controls, tracking reinsurance settlements, and supporting audits. The role also plays a critical role in ensuring the financial health and compliance of the company, by overseeing the financial operations related to insurance policies, claims, and reinsurance. This role supports in maintaining the financial stability of the company by managing its financial resources and making strategic decisions to optimize financial performance.Responsibilities• Prepares and analyzes financial reports to support decision-making processes and identify areas for improvement.• Ensures compliance with accounting standards and regulations by implementing and monitoring internal controls and policies.• Develops and maintains relationships with stakeholders such as auditors, regulators, and other departments to facilitate effective communication and collaboration.• Manages financial risks by assessing and mitigating risks related to reinsurance treaties, claims, and other financial activities.• Monitors budgets and forecasts to ensure reinsurance transactions enable financial stability and growth of the company.• Conducts financial analysis and provides insights to management on financial performance, trends, and opportunities.• Prepares monthly property/casualty and non-insurance financial statements and supplemental reports on both a Statutory and a GAAP basis.• Leads frequent communication with external customers, including state and federal regulators and auditors, internal business partners at all levels in the organization, and reinsurance brokers on topics such as responding to their specific questions on regulatory filings, the process used to calculate a journal entry, or questions on what specific reinsurance transactions are captured in a certain line or reinsurance bordereaux.• Supports audits by providing necessary documentation, data, and information to internal and external auditors to ensure compliance and accuracy.• Works with business leaders and others within the Finance department to ensure that the accounting system accurately reflects reinsurance transactions for internal and external reporting.Qualifications• 2+ years of experience in Accounting or a related field.• Bachelor's degree in Accountancy, Finance and/or commensurate experience.• Reinsurance experience preferred.Equal Opportunity EmployerWestfield celebrates diversity and is committed to inclusion. All qualified applicants receive consideration for employment without regard to race, color, sex, religion, national origin, age, sexual orientation, gender identity, disability, or status as a protected veteran.