Director, Reinsurance Accounting

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🕒 March 27

🌾 Iowa – Remote

🌾 Iowa – Remote

💵 $154.9k - $204.2k / year

⏰ Full Time

🔴 Lead

🧾 Accounting Manager

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UFG Insurance

WebsiteLinkedInAll Job Openings

501 - 1000 employees

Founded 1946

💸 Finance

🤝 B2B

Finance • B2B

UFG Insurance is a property and casualty insurance company that provides commercial insurance products and services, including inland marine, commercial property, commercial liability, workers' compensation, surety, excess & surplus, reinsurance and businessowners policies. It focuses on serving businesses—manufacturing, construction, real estate, architects and engineers, heavy equipment dealers and other small to mid-sized enterprises—through agents and brokers, emphasizing claims service, risk control consulting, premium audit and in-house service capabilities.

📋 Description

• Provide strategic direction and oversight for all reinsurance accounting functions, including premiums, losses, commissions, and related financial reporting. • Lead and develop a high-performing reinsurance accounting team, fostering professional growth, accountability, and collaboration. • Drive the implementation of best practices and standardized processes across reinsurance accounting to enhance accuracy, efficiency, and internal control. • Partner with Finance leadership to align reinsurance accounting initiatives with enterprise objectives, ensuring consistent communication of financial results and impacts. • Oversee the preparation, review, and analysis of reinsurance financial reports under both GAAP and statutory accounting frameworks. • Interpret complex treaty agreements to ensure proper accounting and administrative treatment. • Communicate financial implications of reinsurance structures and transactions to executive management and key stakeholders. • Ensure timely and accurate completion of monthly, quarterly, and annual reinsurance close processes, including settlements, reconciliations, and reporting. • Support the development and maintenance of accounting policies and procedures related to reinsurance, ensuring compliance with internal controls and Sarbanes-Oxley (SOX) requirements. • Oversee coordination of internal and external audits related to reinsurance accounting. • Collaborate closely with Actuarial, Underwriting, Claims, Legal, and Technology teams to ensure accurate integration of treaty terms into financial systems and reporting processes. • Partner with the Finance Systems and Data teams to identify and implement tools or automation that improve the accuracy and efficiency of reinsurance accounting processes. • Maintain a proactive understanding of emerging accounting standards, industry regulations, and reinsurance market trends; assess their impact on financial reporting and business operations. • Lead or participate in enterprise-level modernization and transformation initiatives, including the implementation of reinsurance accounting systems and enhancements to reporting tools. • Identify and drive opportunities for process improvement, automation, and data standardization across reinsurance accounting. • Develop and monitor metrics to evaluate the quality, efficiency, and timeliness of reinsurance accounting deliverables.

🎯 Requirements

• Bachelor’s degree in Accounting or Finance required • Certified Public Accountant (CPA) strongly preferred • 10+ years of reinsurance accounting experience, including GAAP and statutory reporting • 8+ years of progressive leadership experience managing teams within a financial or insurance organization • Deep understanding of property and casualty reinsurance structures, treaty accounting, and regulatory compliance • Proven experience leading complex reinsurance accounting operations, including systems implementations or process transformation initiatives • Proficiency in data and reporting tools (e.g., Excel, Power BI, Alteryx) and experience with reinsurance subledger or ERP systems. • Must be fluent in English.

🏖️ Benefits

• Annual incentive compensation • Medical, dental, vision & life insurance • Accident, critical illness & short-term disability insurance • Retirement plans with employer contributions • Generous time-off program • Programs designed to support the employee well-being and financial security.