Senior Accountant, Ceded Reinsurance

Title:

Senior Accountant, Ceded Reinsurance

Company:

Everest Global Services, Inc.

Job Category:

Finance

Job Description:

About Everest:

Everest Group, Ltd. (Everest), is a leading global reinsurance and insurance provider, operating for nearly 50 years through subsidiaries in North America, Latin America, the UK & Ireland, Continental Europe and Asia Pacific regions. Throughout our history, Everest has maintained its discipline and focuses on creating long-term value through underwriting excellence and strong risk and capital management. Our strengths include extensive product and distribution capabilities, a strong balance sheet, and an innovative culture. Our most critical asset is our people. We offer dynamic training & professional development to our employees. We also offer generous tuition/continuing education reimbursement programs, mentoring opportunities, flexible work arrangements, and Colleague Resource Groups.

Job Summary:

The Senior Accountant, Ceded Reinsurance will be responsible for assisting with the accurate Ceded processing, accounting, analysis, and regulatory reporting of our ceded reinsurance portfolio. This position reports to the Manager, Ceded Reinsurance Accounting (North America) and is a hybrid role based in Warren, New Jersey (3 days in office, 2 remote).

Responsibilities include but not limited to:

• Assist with our monthly and quarterly accounting functions including, cession analysis, manual reinsurance calculations, adjusting journal entries, suspense/cash settlements and application, profit commissions, financial analysis’ and review, for both Ceded Reinsurance and InterCompany reporting and ledger account reconciliations.
• Assist with the accurate preparation of reinsurance related Schedules, Notes, and Interrogatories for multiple legal entities.
• Ensure ceded reinsurance SOX controls and department processes and procedures are in place and functioning appropriately.
• Assist with the internal and external audit process to ensure accuracy of data provided for review.
• Work closely with various functional areas (i.e., Underwriting, claims, financial services, financial accounting and reporting, billing & collections, actuarial, statutory and GAAP reporting, treasury, and program accounting) support achievement of business goals and to resolve issues.
• Proactively identify and champion process improvements and continually work to improve both the efficiency and effectiveness of Ceded accounting processes. Assist in coordinating strategic accounting projects as they arise.
• Assist with monitoring and interpreting emerging accounting guidance and implement new accounting and disclosure standards as appropriate.
• Assist with Ceded Reinsurance monthly, quarterly, and annual general ledger closing and reporting processes.
• Liaise closely with various departments to ensure proper, accurate and timely reporting of financials.
• Responsible for assisting with the quarterly financial reporting, analysis and reconciliation of the Ceded Reinsurance ledgers, in support of STAT and GAAP financial statement preparation.
• Drive improvements to Ceded Reinsurance accounting systems and processes.
• Maintain positive relationships both internally and externally.
• Assist in additional projects as assigned.
  
  
  

Qualifications, Education & Experience:

• The successful candidate should have a BS/BA degree in accounting, finance or business.
• Minimum 4 years of finance/accounting experience.
• Relevant experience in the Accounting Department of a property and casualty insurance or reinsurance company is strongly preferred.
• Skillful interpersonal and collaboration abilities required to achieve results within and across diverse organizational units and disciplines.
• Strong Analytical skills with the ability to collect, organize, analyze, and disseminate information with attention to detail and accuracy.
  
  
  

Knowledge, Skills & Competencies:

• Strong knowledge of Statutory and GAAP accounting principles and practices
• Excellent knowledge of ceded reinsurance accounting principles
• Extensive knowledge of general ledgers and annual statement preparation. Experience working in Oracle is a plus.
• Strong knowledge of SQL is strongly preferred.
• Good leadership, decision-making, and organization skills
• Initiative-taker capable of working both independently and within a team environment.
• Strong computer skills including a high degree of proficiency with advanced skills with Access and Excel, formulas including pivot tables, vlookups, sum products, etc. Proficiency in analyzing data sets.
• Detail-oriented with strong organizational skills.
• Strong technical accounting, analytical, research and critical thinking and problem-solving skills with attention to detail.
• High degree of flexibility and responsiveness to change in a fast-paced environment.
• Ability to work on multiple projects simultaneously under tight deadlines.
• Strong Interpersonal skills. Excellent verbal and written communication skills, able to present ideas and findings to management and senior leadership in a professional manner.
• Strong organizational skills and the ability to effectively manage time and be able to multitask in an ever-changing environment.
  
  
  

Our Culture

At Everest, our purpose is to provide the world with protection. We help clients and businesses thrive, fuel global economies, and create sustainable value for our colleagues, shareholders and the communities that we serve. We also pride ourselves on having a unique and inclusive culture which is driven by a unified set of values and behaviors. Click here to learn more about our culture.

• Our Values are the guiding principles that inform our decisions, actions and behaviors. They are an expression of our culture and an integral part of how we work: Talent. Thoughtful assumption of risk. Execution. Efficiency. Humility. Leadership. Collaboration. Diversity, Equity and Inclusion.
• Our Colleague Behaviors define how we operate and interact with each other no matter our location, level or function: Respect everyone. Pursue better. Lead by example. Own our outcomes. Win together.
  
  
  

All colleagues are held accountable to upholding and supporting our values and behaviors across the company. This includes day to day interactions with fellow colleagues, and the global communities we serve.

Type:

Regular

Time Type:

Full time

Primary Location:

Warren, NJ

Additional Locations:

Everest is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion or creed, sex (including pregnancy), sexual orientation, gender identity or expression, national origin or ancestry, citizenship, genetics, physical or mental disability, age, marital status, civil union status, family or parental status, veteran status, or any other characteristic protected by law. As part of this commitment, Everest will ensure that persons with disabilities are provided reasonable accommodations. If reasonable accommodation is needed to participate in the job application or interview process, to perform essential job functions, and/or to receive other benefits and privileges of employment, please contact Everest Benefits at everestbenefits@everestglobal.com.

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