Intermediate Accountant - Reinsurance

About this position

Kuvare is on a mission to serve hardworking consumers overwhelmed by the complexities of retirement and is built from the ground up to do so. Our unified financial hub protects the retirement of everyday Americans and the distributors, carriers and investors that serve them. We create life insurance and annuity products that protect consumers’ retirements, and are simplified for distributor partners and financial professionals to sell and service.

Kuvare family of companies:

• Retail Annuity and Life Insurance Solutions:
  • United Life Insurance Company
  • Guaranty Income Life Insurance Company
  • Lincoln Benefit Life
• Institutional Insurance:
  • Kuvare Life Re
• Bespoke Insurance Solutions:
  • Ignite Partners

The Intermediate Reinsurance Accountant is responsible for the timely and accurate recording of transactions, and preparation/review of reconciliations, financial statements, and various management reports. This position is responsible for the preparation of settlement statements, including follow-up with external clients for any resolution. Assistance may be provided to support client inquiries, client audits, internal and external audits along with other ad hoc requests.

• Prepares accounting & reporting for Reinsurance. This includes review of reinsurance billings/premium trends, preparation of periodic settlement reports and distribution of reporting packages to external reinsurers
• Prepares journal entries and posts to accounting systems, research and clear suspense timely
• Prepares monthly direct and ceded claims reconciliations from TPAs to general ledger and data warehouse.
• Assist both Claims and Actuarial quarterly to determine outstanding accruals and coordinate with release of reserves.
• Performs data queries on various claim, premium and expense data.
• Work is done in conjunction with review of exception reports, details in suspense, etc.
• Assists with development of appropriate commentary and explanations for submission to management for quarterly Management Reporting Package and other ad hoc requests (external and internal)
• Responsible for the adherence to the company’s framework of internal controls
• Preparation of regulatory schedules at year end (Schedule S, EX1, EX8 and Schedule T and other supplemental schedules pertaining to reinsurance)

Experience

• Bachelor’s degree or equivalent experience in Accounting/Finance related discipline
• PC literacy with knowledge of technological tools, ability to support data mining exercises, automation of spreadsheets; knowledge of TAI is desirable
• Proven understanding of reinsurance administration or demonstration of ability to comprehend
• Strong organizational skills with elevated level of attention to detail
• Demonstrated persistence and ability to deliver results under pressure
• Excellent interpersonal, verbal communication and proofreading skills
• Must be a flexible self-starter who can prioritize tasks, follow through and meet deadlines
• Ability to work independently with minimal supervision

• Normal office working environment, full time with some flexibility
• Occasional evening and weekend hours to meet deadlines
• Occasional travel is required
• Ability to type / perform data entry
• Ability to read from a computer screen and paper reports
• Express ideas and otherwise communicate with the spoken word