Ceded Reinsurance Accounting Manager
About the role:
The Ceded Reinsurance Accounting Manager will be responsible for overseeing and managing the day-to-day ceded reinsurance operations. The Ceded Reinsurance Accounting Manager will report to the AVP of Ceded Reinsurance and is an integral part of the Insurance Finance team. The role will be responsible for reviewing and supporting monthly/quarterly journal entries as well as preparing regulatory and external reporting for Vantage. The position requires a strong understanding of ceded reinsurance contracts and must have strong Microsoft skills. This role blends Finance, ceded accounting, and ceded operations to create core deliverables in support of the entire organization. This role involves supervising a senior accountant, analyzing financial data, and working collaboratively with other departments to support the company's financial goals.
The base salary expectation for this role is between $125,000 and $135,000. Actual base salary for the selected candidate may be higher commensurate with candidate experience and expectations. Additionally, Vantage offers its colleagues performance-based bonus potential, strong health & welfare benefits, retirement plans with company match, competitive time off plans, a highly flexible work environment, and much more.
Responsibilities & Accountabilities:
Prepare monthly and quarterly ceded reinsurance results and analyses for internal and external reporting.
Collaborate with the Ceded Reinsurance Placement Team, Actuarial, FP&A, and Claims departments to ensure effective communication and coordination.
Preparation and review of detailed journal entries and account reconciliations.
Prepare quarterly and annual Schedule F exhibits for the Companys NAIC as well any additional regulatory filings.
Participate in audits and work with stakeholders to ensure compliance and accuracy in financial reporting.
Oversee treaty, FAC, and proportional calculations, entries, billing, receipts, and disbursements.
Manage the calculation, booking, billing, and collection of all ceded payable and recoverable including profit and sliding scale commissions.
Lead and support ad hoc reporting and special projects.
Assist in the ongoing implementation of a new ceded system.
Drive continuous improvement in the reinsurance accounting cycle to improve close cycles, controls, and understanding.
Maintain a strong control environment and associated documentation.
Ideal Candidate Profile:
Bachelor's Degree in Accounting or Finance.
Over 5 years of experience in ceded reinsurance.
Knowledge of GAAP and STAT accounting standards.
Advanced Excel skills; familiarity with Power BI, Word, and PowerPoint.
Experience with NAIC Annual Statement Software and Gain Compliance is a plus.
Familiarity with accounting software; experience with Oracle a plus.
Familiarity with ceded reinsurance software; experience with DXC SICS is a plus.
Strong organizational abilities and the capability to multitask and reprioritize as needed.
Curiosity and dedication to understanding complex financial transactions.
Enthusiasm for working in a fast-paced, dynamic, growth-oriented environment.
Ability to collaborate across departments and locations.
Our Vantage Values
Do Whats Right be a force for good, for our customers, shareholders, colleagues, industry and communities.
Be Relentlessly Curious ask questions, listen to understand, challenge the status quo, look for ways to say YES, drive innovation, be opportunistic and disciplined.
Were Better Together collaborate, be inclusive, supportive, respectful and humble, be a trusted partner internally and externally.
Be Transparent in who you are, what you think, and how you work, seek and provide alternative points of view, be true to yourself.
Make A Difference focus on impact, embrace technology, leverage data and analytics as critical assets, act intentionally to deliver on our mission.
Apply Now
The Ceded Reinsurance Accounting Manager will be responsible for overseeing and managing the day-to-day ceded reinsurance operations. The Ceded Reinsurance Accounting Manager will report to the AVP of Ceded Reinsurance and is an integral part of the Insurance Finance team. The role will be responsible for reviewing and supporting monthly/quarterly journal entries as well as preparing regulatory and external reporting for Vantage. The position requires a strong understanding of ceded reinsurance contracts and must have strong Microsoft skills. This role blends Finance, ceded accounting, and ceded operations to create core deliverables in support of the entire organization. This role involves supervising a senior accountant, analyzing financial data, and working collaboratively with other departments to support the company's financial goals.
The base salary expectation for this role is between $125,000 and $135,000. Actual base salary for the selected candidate may be higher commensurate with candidate experience and expectations. Additionally, Vantage offers its colleagues performance-based bonus potential, strong health & welfare benefits, retirement plans with company match, competitive time off plans, a highly flexible work environment, and much more.
Responsibilities & Accountabilities:
Prepare monthly and quarterly ceded reinsurance results and analyses for internal and external reporting.
Collaborate with the Ceded Reinsurance Placement Team, Actuarial, FP&A, and Claims departments to ensure effective communication and coordination.
Preparation and review of detailed journal entries and account reconciliations.
Prepare quarterly and annual Schedule F exhibits for the Companys NAIC as well any additional regulatory filings.
Participate in audits and work with stakeholders to ensure compliance and accuracy in financial reporting.
Oversee treaty, FAC, and proportional calculations, entries, billing, receipts, and disbursements.
Manage the calculation, booking, billing, and collection of all ceded payable and recoverable including profit and sliding scale commissions.
Lead and support ad hoc reporting and special projects.
Assist in the ongoing implementation of a new ceded system.
Drive continuous improvement in the reinsurance accounting cycle to improve close cycles, controls, and understanding.
Maintain a strong control environment and associated documentation.
Ideal Candidate Profile:
Bachelor's Degree in Accounting or Finance.
Over 5 years of experience in ceded reinsurance.
Knowledge of GAAP and STAT accounting standards.
Advanced Excel skills; familiarity with Power BI, Word, and PowerPoint.
Experience with NAIC Annual Statement Software and Gain Compliance is a plus.
Familiarity with accounting software; experience with Oracle a plus.
Familiarity with ceded reinsurance software; experience with DXC SICS is a plus.
Strong organizational abilities and the capability to multitask and reprioritize as needed.
Curiosity and dedication to understanding complex financial transactions.
Enthusiasm for working in a fast-paced, dynamic, growth-oriented environment.
Ability to collaborate across departments and locations.
Our Vantage Values
Do Whats Right be a force for good, for our customers, shareholders, colleagues, industry and communities.
Be Relentlessly Curious ask questions, listen to understand, challenge the status quo, look for ways to say YES, drive innovation, be opportunistic and disciplined.
Were Better Together collaborate, be inclusive, supportive, respectful and humble, be a trusted partner internally and externally.
Be Transparent in who you are, what you think, and how you work, seek and provide alternative points of view, be true to yourself.
Make A Difference focus on impact, embrace technology, leverage data and analytics as critical assets, act intentionally to deliver on our mission.
Apply Now