Reinsurance Accounting Manager

Job not on LinkedIn

🕒 April 11

🌾 Iowa – Remote

🌾 Iowa – Remote

💵 $123.9k - $163.4k / year

⏰ Full Time

🟠 Senior

🔴 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

• Oversee daily reinsurance accounting operations, ensuring timely completion of month-end, quarterly, and annual closing activities. • Review and approve calculations, settlements, and journal entries for accuracy and compliance. • Coordinate preparation of financial statement disclosures, schedules, and statutory filings related to reinsurance activities. • Analyze reinsurance results and monitor key performance indicators to provide insights to Finance leadership and other stakeholders. • Actively participate in new treaty implementations. • Review treaty terms and documentation to ensure proper accounting treatment (i.e., GAAP, statutory accounting principles) and alignment with company policies. • Collaborate with business partners across actuarial, underwriting, claims, and finance to resolve discrepancies and ensure data integrity. • Maintain SOX-compliant documentation, ensuring adherence to company policies and internal control requirements. • Collaborate with Internal Audit, external auditors, and Finance leadership to prepare and respond to audit requests. • Monitor reinsurance recoverable and payable balances to ensure accurate reconciliation and timely collection or settlement. • Partner with the Finance Systems and Data team to maintain and enhance subledger systems supporting reinsurance accounting. • Identify, recommend, and implement process and automation improvements to enhance efficiency and accuracy. • Collaborate with cross-functional teams including operations and IT to support finance transformation initiatives designed to modernize systems and standardize financial processes. • Participate in special projects, including integrations, migrations, and regulatory change implementations. • Perform other duties as assigned to support the reinsurance team and company goals. • Manage and mentor team members, providing training, guidance, and performance feedback. • Promote a culture of accountability, continuous improvement, and collaboration within the reinsurance accounting function. • Coordinate workloads to meet deliverables and balance ongoing operational and project-related priorities.

🎯 Requirements

• Bachelor’s degree in Accounting or Finance required • Certified Public Accountant (CPA) preferred • 10+ years of insurance accounting experience with 5+ years related to reinsurance accounting • 3–5 years of supervisory or leadership experience • Strong understanding of GAAP and statutory accounting principles • Strong analytical and problem-solving skills with attention to accuracy and detail • Advanced proficiency in Microsoft Excel (pivot tables, VLOOKUP, complex formulas) • Experience with ERP or reinsurance subledger systems preferred. • Exceptional analytical, problem-solving, and organizational skills • Excellent written and verbal communication abilities, with a capacity to communicate effectively at all levels. • Ability to manage multiple priorities, meet deadlines, and work effectively in a dynamic environment. • Process improvement mindset with ability to identify and implement efficiency enhancements. • Critical thinking skills and sound professional judgment. • Strong leadership presence, team orientation, and commitment to operational excellence.

🏖️ 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.