Starr
Senior Reinsurance Accounting
399 Park Avenue-New York, NY · Senior
Sponsorship not specifiedDetected 30 days ago
AccountingExcelSAPAuditingHRISCommunicationInternal AuditUnderwritingProperty & Casualty
About the role
- We are seeking an experienced and motivated Senior Reinsurance Accountant to join our Reinsurance Accounting team.
- This position is responsible for the full spectrum of reinsurance accounting cycle, with a particular focus on quota share (QS) accounts and a hybrid mix of both ceded and assumed business types.
Responsibilities
- Manage the end-to-end accounting process for both ceded and assumed reinsurance contracts, with emphasis on quota share treaties.
- Establish and maintain strong, proactive relationships with reinsurance brokers to ensure timely collection of aged balances, manage disputes, and promptly resolve account queries.
- Manage reinsurance settlements, open recoverable/payable balances and unallocated/unsettled cash.
- Support the month-, quarter-, and year-end close activities specific to reinsurance, including the preparation and review of journal entries, adjustments, reconciliations, and balance sheet substantiation.
- Collaborate closely with internal stakeholders, including underwriting, claims, legal, and finance, to ensure information is complete and accurate.
- Identify process improvements and lead initiatives to streamline reinsurance accounting.
- Support audit activities and respond to audit requests related to reinsurance accounting in a timely and professional manner.
- Support other reinsurance accountants, mentor and train team members, promoting professional development.
Requirements
- Minimum 5+ years of progressive experience in reinsurance accounting within the property & casualty insurance industry.
- Experience of both ceded and assumed reinsurance accounting preferable, with a heavy focus on quota share treaties
- experience with XOL and FAC is desirable.
- Advanced proficiency in Microsoft Excel (pivot tables, VLOOKUP, formulas, data modeling, etc.) and experience handling complex datasets.
- Practical experience with Schedule F and statutory reporting requirements.
- Proven experience managing relationships with reinsurance brokers and conducting effective collections and cash application processes.
- Strong communication skills-both written and verbal-with the ability to present complex information clearly and effectively to a range of audiences.
- Join Starr, a global leader in commercial insurance with over a century of expertise.
- Excellent analytical, organizational, and prioritization skills, with a strong attention to detail and accountability for results.
- Ability to manage multiple deadlines and respond dynamically to changing priorities, particularly under tight time constraints.
- Demonstrated ability to work independently, take initiative, and thrive as part of medium to large team settings.
- Positive attitude, professional disposition, and strong commitment to delivering high-quality work in a fast-paced environment.
Nice to have
- Bachelor's degree in Accounting, Finance, or related field
- CPA or similar designation is a plus.
- Experience with major reinsurance/insurance systems and GL financial packages (e.g., Workday, Great Plains, SAP, or similar platforms) a plus.
This listing is sourced directly from Starr's careers page and normalized into a canonical job model.