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Director/Manager of Reinsurance Accounting

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United Statesfull_timeVerifiedPosted 25 Apr 2025

About the role

JOB TITLE:            Director/Manager of Reinsurance Accounting
EMPLOYER:          Sentinel Security Life Insurance Company
DEPARTMENT:      Finance
REPORTS TO:       Chief Financial Officer
LOCATION:            Onsite in Miami, (Brickell)



ABOUT THE COMPANY
Since 1948, families have counted on Sentinel Security Life Insurance Company (SSL) during their time of need. The Company was originally established to provide families a way of funding funeral expenses and burial costs. Through our final expense life insurance product, we have been honored to provide peace of mind to families for well over half a century. Today, Sentinel offers a strong senior market portfolio including Life and Annuity products. We continue to develop new products while improving existing products and services to better protect our customers. Sentinel has a long history of financial strength and stability that has afforded us the opportunity to invest wisely in the growth of our company. Our strength lies not only in the quality of our insurance products, but also the level of service we provide to our policyholders, agents, and shareholders.

ABOUT THE ROLE
SSL has an immediate opening for a self-motivated, resourceful, and well-organized candidate to join the team as a Reinsurance Accounting Director/Manager. The Reinsurance Accounting Director/Manager will work closely with the Insurance Controller and Reinsurance Accountants to ensure accurate accounting within SSL’s growth-focused reinsurance function. This position will manage the reinsurance accounting team in administering all aspects of all reinsurance agreements in accordance with treaty parameters and ensuring proper accounting treatment for all reinsurance transactions. This position is responsible for reviewing and approving journal entries for premiums, allowances, claims recoverable, and updating and maintaining the parameters to support business needs. This role will entail frequent communication with third-party reinsurers, Finance Team members, and auditors to ensure that SSL is fulfilling all the requirements of its reinsurance agreements.

WHAT YOU WILL DO:
 
  • Hire, train, develop, motivate and evaluate the Reinsurance Accounting staff
  • Administer existing and new reinsurance agreements according to treaty parameters.
  • Review and maintain spreadsheets tracking treaty activity.
  • Analyze new reinsurance agreements and recommend and establish procedures for capturing transactions accurately and reporting to reinsurers.
  • Ensure timely, accurate, and complete calculations, recording, reporting, and billing in accordance with treaty terms.
  • Review journal entries as required for reinsurance activity.
  • Review reconciliations of reinsurance related activity, proactively identify issues, and take corrective action when necessary.
  • Manage financial reporting while simultaneously overseeing reinsurance payables/receivables.
  • Design and evaluate internal controls related to reinsurance processes.
  • Develop and document or review and update reinsurance policies and procedures.
  • Respond to internal and external audit inquiries.
  • Communicate with Finance Team members, third-party reinsurers, and senior management from across the company.
  • Other duties and responsibilities as assigned.

WHAT YOU WILL NEED:
  • Bachelor’s degree in accounting or related field with 10+ years of relevant work experience, including at least 3+ years in the insurance industry, specifically related to reinsurance accounting and annuity products.
  • Experience supervising accounting staff or any combination of education, professional training, or work experience that demonstrates ability to perform the job.
  • Advanced knowledge of Micros

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