Jr. Reinsurance Accountant
Listed on 2026-07-13
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Accounting
Accounts Receivable/ Collections, Financial Reporting, Financial Analyst, Staff Accountant -
Finance & Banking
Accounts Receivable/ Collections, Financial Reporting, Financial Analyst
Position Summary
The Jr. Reinsurance Accountant will work within the reinsurance accounting department to support our team, focusing on the Multinational business, processing facultative and treaty reinsurance accounts, processing the incoming and outgoing cash, as well as performing reporting and reconciliation activities. This role involves the processing of assumed and ceded reinsurance accounts. Perform Reinsurance Accounting operational duties as needed/required.
Responsibilities- Review and record facultative and treaty accounts, including premium, commission, taxes, etc. for assumed and ceded reinsurance.
- Book assumed accounts and produce the ceded bdx to the reinsurance panel, create the journal entries ensuring correct and timely general ledger postings.
- Monitor and allocate the incoming cash. Create the outgoing payments. Maintain and apply cash for facultative and treaty reinsurance contracts.
- Process the settlement of ceded premium, and the billing and recovery of ceded facultative reinsurance.
- Perform general ledger reconciliations in a timely and accurate manner.
- Follow up on cash collection and process disbursements.
- Investigate and follow up discrepancies until resolution.
- Participate in ad-hoc projects/initiatives.
- Bachelor's degree in accounting, finance or related.
- 0-3 years work experience preferably in accounting, finance or related.
- High attention to detail, precise.
- Analytical skills, solutions-oriented mindset.
- Ability to multi-task, organized, with a good sense of priorities.
- Good knowledge of MS Office:
Excel, Word, etc. - Basic knowledge of insurance/reinsurance. Experience handling cash/settlements, and recoveries is preferred.
- Experience with reinsurance systems and platforms (e.g., RMS, SICS, Pro Cede or similar) is a plus.
Starr is an equal opportunity employer, which means we'll consider all suitably qualified applicants regardless of gender identity or expression, ethnic origin, nationality, religion or beliefs, age, sexual orientation, disability status or any other protected characteristic. We recruit and develop our people based on merit and we're committed to creating an inclusive environment for all employees. We offer first class training and development opportunities to all employees.
Our aim is to grow our own talent and bring out the best in people.
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