Bankers Insurance Group
Reinsurance Accountant
Bankers Insurance Group, St. Petersburg, Florida, United States, 33739
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Reinsurance Accountant
role at
Bankers Insurance Group .
Founded in 1976, Bankers Insurance Group has grown from a small local company to a diverse corporation known for its innovative insurance products and superior customer service. Bankers Insurance offers a variety of property and casualty products and services, including business owners, builder’s risk, personal and commercial flood, and specialized coverages.
Position Summary We are seeking an experienced and detail-oriented Reinsurance Accountant to support all aspects of our reinsurance accounting and reporting processes. This role is ideal for a well‑rounded accountant with a solid foundation in general accounting and at least two years of experience in reinsurance or insurance financials.
Key Responsibilities
Prepare and post monthly reinsurance premium and loss journal entries.
Prepare and process reinsurance settlements under Catastrophe, Excess of Loss and Quota Share agreements.
Perform monthly reinsurance account reconciliations and ensure balances are accurate and properly supported.
Record daily reinsurance cash receipt journal entries and maintain detailed reconciliation schedules.
Communicate with reinsurers and brokers to address questions, reconcile differences and provide supporting documentation as needed.
Review reinsurance contracts and assist in ensuring proper accounting treatment and reporting.
Secure collateral as required for year‑end Schedule F reporting.
Prepare reinsurance schedules for statutory financial statements (specifically Schedule F).
Support audits, examinations and internal controls related to reinsurance accounting.
Coordinate with Claims, Underwriting and Actuarial departments to ensure consistency in reinsurance data companywide.
Assist in streamlining reinsurance accounting processes and improving reporting efficiency.
Qualifications
Bachelor’s degree in Accounting, Finance, or related field.
Minimum 5 years of accounting experience, including at least 2 years in reinsurance or insurance accounting.
Strong understanding of GAAP and exposure to statutory accounting principles preferred.
Ability to analyze complex data and reconcile detailed account balances.
Proficiency with Microsoft Excel and general ledger systems.
Excellent attention to detail, communication and organizational skills.
Demonstrated ability to manage multiple priorities and meet deadlines.
Preferred Skills
Experience with Schedule F reporting and reinsurance collateral management.
Familiarity with reinsurance reporting processes.
Prior experience in the property & casualty insurance industry is strongly desired.
Why Join Us This is an opportunity to leverage your accounting expertise in a specialized and growing area of the insurance industry. You’ll join a collaborative team that values accuracy, professional growth, and continuous improvement in a supportive environment.
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Reinsurance Accountant
role at
Bankers Insurance Group .
Founded in 1976, Bankers Insurance Group has grown from a small local company to a diverse corporation known for its innovative insurance products and superior customer service. Bankers Insurance offers a variety of property and casualty products and services, including business owners, builder’s risk, personal and commercial flood, and specialized coverages.
Position Summary We are seeking an experienced and detail-oriented Reinsurance Accountant to support all aspects of our reinsurance accounting and reporting processes. This role is ideal for a well‑rounded accountant with a solid foundation in general accounting and at least two years of experience in reinsurance or insurance financials.
Key Responsibilities
Prepare and post monthly reinsurance premium and loss journal entries.
Prepare and process reinsurance settlements under Catastrophe, Excess of Loss and Quota Share agreements.
Perform monthly reinsurance account reconciliations and ensure balances are accurate and properly supported.
Record daily reinsurance cash receipt journal entries and maintain detailed reconciliation schedules.
Communicate with reinsurers and brokers to address questions, reconcile differences and provide supporting documentation as needed.
Review reinsurance contracts and assist in ensuring proper accounting treatment and reporting.
Secure collateral as required for year‑end Schedule F reporting.
Prepare reinsurance schedules for statutory financial statements (specifically Schedule F).
Support audits, examinations and internal controls related to reinsurance accounting.
Coordinate with Claims, Underwriting and Actuarial departments to ensure consistency in reinsurance data companywide.
Assist in streamlining reinsurance accounting processes and improving reporting efficiency.
Qualifications
Bachelor’s degree in Accounting, Finance, or related field.
Minimum 5 years of accounting experience, including at least 2 years in reinsurance or insurance accounting.
Strong understanding of GAAP and exposure to statutory accounting principles preferred.
Ability to analyze complex data and reconcile detailed account balances.
Proficiency with Microsoft Excel and general ledger systems.
Excellent attention to detail, communication and organizational skills.
Demonstrated ability to manage multiple priorities and meet deadlines.
Preferred Skills
Experience with Schedule F reporting and reinsurance collateral management.
Familiarity with reinsurance reporting processes.
Prior experience in the property & casualty insurance industry is strongly desired.
Why Join Us This is an opportunity to leverage your accounting expertise in a specialized and growing area of the insurance industry. You’ll join a collaborative team that values accuracy, professional growth, and continuous improvement in a supportive environment.
#J-18808-Ljbffr