Director, Reinsurance Accounting

Job not on LinkedIn

🔥 7 minutes ago

🇮🇳 India – Remote

⏰ Full Time

🔴 Lead

🧾 Accounting Manager

👻 Ghost score 12%

What it means: how likely this posting is sitting open without active hiring.How to read it: 60% or higher means we think this is a ghost. Lower scores are less of a worry.How we score it: age, reposts, open roles vs team size, how fast jobs close, and whether pay is listed.Fine print: an estimate from public data, not a judgment of the company. Real jobs can score high, so treat it as a hint, not a fact.

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Group 1001

WebsiteLinkedInAll Job Openings

501 - 1000 employees

💼 Consulting

🏥 Healthcare

💸 Finance

Consulting • Healthcare • Finance

Group 1001 is a collective focused on empowering companies and communities through innovative financial solutions and strategic partnerships. The company provides simple and accessible insurance and annuity products designed to help individuals manage and grow their savings. Their online investing platform offers users a digital means to control their financial futures. Group 1001 also invests in partnerships that enhance community development through education and sports. With a tech-driven culture, they are transforming the insurance industry and helping communities thrive.

📋 Description

• Lead and manage the reinsurance accounting team responsible for treaty administration, premium/claims accounting, settlements, and recoverables • Oversee accounting and financial reporting for XOL, quota share, facultative, stop loss, and retrocession arrangements • Ensure accurate and timely processing of ceded premiums, loss recoveries, commissions, reinstatement premiums, and premium adjustments • Own month-end and quarter-end reinsurance close processes and reconcile related general ledger accounts • Prepare or oversee Schedule F and related statutory and GAAP reporting • Partner with actuarial, underwriting, and legal teams to interpret and implement treaty terms • Review and approve complex reinsurance calculations and financial schedules • Lead internal and external audits related to reinsurance activities • Ensure proper documentation and control procedures • Manage relationships with reinsurance brokers, reinsurers, and third-party administrators • Implement process improvements and automation initiatives • Monitor regulatory developments and ensure compliance with ASC 944 and SSAP 62R

🎯 Requirements

• Bachelor’s degree in Accounting, Finance, or related field • CPA preferred • 8+ years of relevant experience in reinsurance accounting or insurance finance • At least 3+ years in a leadership role • In-depth knowledge of GAAP and statutory accounting principles as applied to reinsurance • Experience working with property & casualty reinsurance programs • Prior experience preparing Schedule F and NAIC regulatory filings • Strong leadership and people management skills • Advanced Excel and financial modeling skills • Excellent analytical, problem-solving, and communication abilities • Strong project management and process improvement orientation • Ability to work cross-functionally and influence at multiple levels of the organization

🏖️ Benefits

• Comprehensive health, dental, and vision insurance plan options for eligible employees and families • Basic and Supplemental Life Insurance • Short- and Long-Term Disability • Employee Assistance Program with immediate access for all employees • Wellness programs with immediate access for all employees • 401K plan with matching contributions by the Company • Supportive, inclusive work environment