Reinsurance Accounting Manager

Are you looking to make an impactful difference in your work, yourself, and your community? Why settle for just a job when you can land a career? At ICW Group, we are hiring team members who are ready to use their skills, curiosity, and drive to be part of our  journey as we strive to transform the insurance  carrier space. We're proud to be in business for over 50 years, and its change agents like yourself that will help us continue to deliver our mission to create the best insurance experience possible.

Headquartered in San Diego with regional offices located throughout the United States, ICW Group has been named for ten consecutive years as a Top 50 performing P&C organization offering the stability of a large, profitable and growing company combined with a focus on all things people. It's our team members who make us an employer of choice and the vibrant company we are today. We strive to make both our  internal and external communities better everyday! Learn more about why you want to be here!

PURPOSE OF THE JOB

The purpose of the Manager of Accounting is to provide technical and administrative management for General Accounting, Reinsurance Accounting & Operations, Accounts Payable, and/or Treasury personnel. This position manages and reviews operations of the Accounting teams to ensure that transactions, productivity and costs are aligned with Company standards and financial growth goals.

ESSENTIAL DUTIES AND RESPONSIBILITIES

Develops functional accounting policies, procedures, and processes.

• Adheres to consistent financial reporting cycle for both accounting deadlines and statutory reporting deadlines. Ensures accuracy and completeness of deliverables.

• Formulates organizational policies that will have a far-reaching impact on the organization.

• Develops, implements, and follows up on methods to increase productivity and decrease expenses.

• Identifies, researches, resolves, and follows up on problems and opportunities generated by the reconciliation of accounts including any inefficiency of department policies and procedures.

• Maintains strong internal controls and ensures compliance with regulatory and contractual requirements.

• Supports audits (internal, external, and regulatory) by providing required documentation and explanations.

Participates in new system projects and the implementation of new systems.

• Leads system enhancements or implementations.

• Identifies system problems, recommends solutions, and follows through until the problem is resolved.

• Implements policies and procedures to maintain workflow standards.

• Interfaces with department managers, vendors, and IT project managers.

Oversees unit(s) within the Accounting department.

• Manages the Assumed & Ceded, Treasury, Accounts Payable, Regulatory Tax Compliance, and/or Corporate General Ledger units.

• Reviews bank statement reconciliations and accounting analyses.

• Advises management on decisions and resolutions for department issues.

• Prepares accounting reports upon request and analyzes and interprets results.

• Oversees the month-end and quarter-end close processes. Calculates and review quarterly adjustments.

• Audits past files for accuracy and completeness.

• Oversees and reconciles all related General Ledger accounts. Ensures all recorded transactions are in line.

Manages Reinsurance accounting, financial, and operational processes.

• Oversee the timely and accurate recording of all reinsurance premiums, losses, commissions, and related transactions. Audits for accuracy, completeness, and compliance with reinsurance contract specifications.

• Works closely with assumed underwriting team to assure accuracy and completeness of assumed transactions.

• Calculates ceded premium, reinstatement premium, commissions, and profit commission transactions per reinsurance contracts specifications.

• Prepares ceded premium statements and bordereau. Reviews all invoices/bordereaux with premium, losses, commission, brokerage etc. (including allocation of losses to ASL).

• Works directly with brokers, and reinsurance companies to resolve disputed items.

• Works with staff to monitor the recoverable aging report.

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