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Obsidian Insurance Holdings, Inc

Reinsurance Accountant

Obsidian Insurance Holdings, Inc, Hartford, Connecticut, us, 06112

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Overview Direct message the job poster from Obsidian Insurance Holdings, Inc

Director of Human Resources

at Obsidian Insurance Holdings

Experienced Human Resources Executive and People Leader | United States & Canada

Location & Travel Location:

100% remote position, candidates

MUST

be located in the northeast with a preference for the tri-state area. Applications submitted for locations outside of the northeast will be screened out.

Travel Required:

Less than 10%

Direct Reports:

n/a

Benefits

401k retirement options (up to 4% match with immediate 100% vesting)

Group life, AD&D and short-term and long-term disability

Health Savings Accounts and Flexible Spending Accounts with $1,000 annual company match

Employee Assistance Program

100% remote workforce, flexible schedule and paid holidays

Vacation and sick leave

Monthly work-from-home stipend

Company offsites to collaborate and have fun in person!

Responsibilities

The Reinsurance Accountant will lead accounting interactions with reinsurance partners including cessions, collateral management, and contingent calculations.

Understand reinsurance accounting and reinsurance contracts.

Prepare cession statements and remittance.

Develop and maintain relationships with reinsurers and reinsurance brokers regarding cessions/accounting.

Assist with collateral monitoring and analysis including letters of credit and related funding requirements when necessary.

Ensure timely collection of receivables and payables to reinsurers/brokers.

Participate in internal and external discussions on new/renewal reinsurance agreements.

Execute controls accurately.

Calculate adjustable features on collateral and commission arrangements, including contingent and sliding scale commission for direct and ceded business.

Prepare General Ledger Entries and Balance Sheet Reconciliations.

Assist in preparation of Schedule F and other financial statements.

Protect operations by keeping financial information and plans confidential.

Qualifications

Bachelor’s degree in Accounting, Finance, or related field

3+ years related insurance experience

Property and Casualty Insurance Program experience a plus

Strong knowledge of reinsurance accounting principles and practices

Excellent analytical and problem-solving skills

Attention to detail and accuracy in financial data

Ability to work independently and remotely

Excellent written and verbal communication skills

Other Details

Seniority level: Mid-Senior level

Employment type: Full-time

Job function: Accounting/Auditing

Industries: Insurance

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