Jr. Reinsurance Accounting Analyst

Why choose Palomar?

Palomar is a rapidly growing and innovative insurer focused on providing specialty insurance to residential and commercial customers. Palomar welcomes the best and brightest to our thriving team. Guided by an entrepreneurial spirit, Palomar is building a dynamic and diverse team.

Join a company built on a culture of agility, innovation and authenticity that delivers peace of mind and protection to individuals and businesses impacted by adversity.

Want to learn more about our exciting journey? https://ir.plmr.com/corporate-profile/default.aspx

We are Hiring!

Location: La Jolla, CA

The Details:

The Junior Reinsurance Accounting Analyst reports to a Manager, Accounting and will support our reinsurance accounting operations. This role will be responsible for executing key accounting functions such as performing accurate and timely Monthly Journal Entry Preparation, General Ledger Account Reconciliation and Schedule Maintenance, Bank Reconciliations, Audits and Reporting.  The ability to generate reports by pulling data from multiple systems, consolidating, and analyzing the data is required. Critical thinking and adherence to internal deadlines as well as state required deadlines is a must. 

What will you do:

• Execute monthly and quarterly closing procedures for reinsurance transactions, including reconciliations and detailed financial analyses
• Prepare and maintain journal entry templates in an accurate and timely manner, providing clear commentary on results and conducting variance and trend analyses
• Prepare monthly and quarterly reinsurance settlement statements in accordance with contractual terms and established deadlines
• Prepare and review monthly cash application journals to ensure proper recording and allocation of reinsurance-related cash activity
• Collaborate with external partners and brokers to review and reconcile reinsurance settlement statements, proactively following up to ensure timely collection of outstanding balances
• Assist the reinsurance team in maintaining critical operational trackers, including the reinsurance collateral database
• Support ad hoc projects and perform additional duties as assigned

What we are looking for:

• Bachelor’s Degree in Accounting or equivalent
• 1-2 years’ of accounting experience - insurance industry preferred
• Familiarity with Microsoft Office- Excel (Pivot Tables, Lookups, Formulas), Word, Power Point and Outlook
• Ability to organize, prioritize, multi-task and be a self-starter in a fast-paced environment with demanding internal and external deadlines
• Strong interpersonal skills and keen attention to detail

We love people who want to: 

• Build strong relationships through transparency, trust, and respect for each other.
• Work in an agile environment, with a resilient mindset to find creative solutions to challenges.
• Collaborate and celebrate diverse perspectives, promoting inclusivity and equality.
• Do the right thing with strong conviction and integrity.
• Be bold and innovative to help make an impact.
• Demonstrable track record of working autonomously and driving progress
• Be intellectually curious, think creatively, and pragmatic

If you thrive in a dynamic environment, and like working with happy, authentic, talented people, you'll enjoy a career with Palomar!

What will you get in return?

• Full Suite of Medical Benefits 
• Long Term Financial Incentives – STOCK! 
• 401k with 3.5% Automatic Fully Vested Employer Contributions 
• Competitive PTO + Holiday Program
• Lifestyle Spending Account
• Professional Development Assistance  
• Career Exploration Opportunities
• Regular company-wide social events (even virtually!)
• To learn more visit us at www.plmr.com

Diversity at Palomar