Founded in 1967, W. R. Berkley Corporation has grown from a small investment management firm into one of the largest commercial lines property and casualty insurers in the United States, listed on the New York Stock Exchange, a Fortune 500 Company, part of the S&P 500, with gross written premiums exceeding $10 billion.

 

The Berkley brand comprises more than 60 businesses worldwide and is divided into two segments: Insurance and Reinsurance and Monoline Excess.  Led by our Executive Chairman, founder and largest shareholder, William. R. Berkley and our President and Chief Executive Officer, W. Robert Berkley, Jr., W.R. Berkley Corporation is well-positioned to respond to opportunities for future growth.

 

Berkley Re America is a specialty P&C reinsurer within the Berkley Reinsurance Segment.  We provide reinsurance solutions for insurers with a successful business model built upon specialization in the products we underwrite.  We are able to leverage deep institutional knowledge built up over 50 years of specialty underwriting and prudent capital management to serve our clients’ needs.

 

The Company is an equal employment opportunity employer. 

The Senior Reinsurance Accountant is responsible for overseeing the end-to-end operational and accounting processes related to assumed and ceded treaties assigned from the reinsurance portfolio.  This role ensures the integrity of financial data, supports strategic reinsurance initiatives, and manages his/her timely processing of assigned reinsurance transactions. The ideal candidate will bring deep technical knowledge of assumed and ceded reinsurance and strong leadership capabilities, with a mindset for continuous improvement.

 

• Review, understand and interpret complex reinsurance treaties, ensure adherence to contractual terms and regulatory requirements.
• Accurate and timely recording of assumed and ceded premium, losses and related transactions.
• Oversee automated cash applications and manually apply cash transactions as well as the reconciliation of receivables and payables.
• Prepare ceded bordereau for distribution.
• Maintain reporting and settlement in conjunction with the terms of the contract.
• Manage premium receivable aging and follow up with the broker for late reporting, overdue payments and contract related discrepancies.
• Assist in calculations of adjustable features, including contingent and sliding scale commissions, including verification to related reinsurance contract.
• Preparation of STAT reporting for consolidation, including Schedule F
• Support Financial Reporting for general ledger inquiries related to reconciliations & balance sheet analysis.
• Handle all inquiries for assigned accounts.
• Assist in transformation, project change and implementation.
• Support ad hoc activities and projects.

 

• A bachelor’s degree in finance or accounting is preferred - an associate’s degree is the minimum.
• Courses in Computer Science and / or Insurance Certifications are a plus.

Qualifications:

• Minimum of 5 years’ experience in reinsurance operations - Facultative and Treaty.
• Industry knowledge and a strong understanding of assumed and ceded reinsurance accounting concepts.
• The ability to understand and interpret complex reinsurance contracts.
• Deep understanding of reinsurance structures (quota share, excess of loss, facultative, etc.).
• Strong Communication skills with the ability to express views clearly in both oral and written form to finance, underwriting, actuarial and claims executives.
• Advanced Excel skills and SQL knowledge.
• Experience with Reinsurance Source Systems. XLPro system knowledge is a plus.
• Exposure to automation tools (e.g., Power BI, RPA) is a plus.
• Flexibility – to adapt to changing departmental needs.
• Accountability – Understands expectations and is reliable and dependable.
• Analytical – Can independently recognize inconsistencies and conclude issues effectively.
• A motivated team player with the ability to operate independently with limited supervision

We do not accept any unsolicited resumes from external recruiting firms.

The company offers a competitive compensation plan and robust benefits package for full time regular employees.

The actual salary for this position will be determined by a number of factors, including the scope, complexity and location of the role; the skills, education, training, credentials and experience of the candidate; and other conditions of employment.

Benefits: Health, Dental, Vision, Life, Disability, Wellness, Paid Time Off, 401(k) and Profit-Sharing plans.

This company is an equal opportunity employer.

Sponsorship not Offered for this Role