Senior Reinsurance Accounting

Job Description

Senior Reinsurance Accountant (Ceded & Assumed)

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.

• Manage the end‑to‑end accounting process for ceded and assumed reinsurance contracts, with emphasis on quota share treaties.
• Handle complex reinsurance account reconciliations, including exposure to excess of loss (XOL) and facultative (FAC) agreements as needed.
• 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.
• Oversee receivables and payables process including collections, aging, and cash applications, ensuring accuracy and timely resolution of outstanding items.
• Support month‑, quarter‑, and year‑end close activities specific to reinsurance, including the preparation and review of journal entries, adjustments, reconciliations, and balance sheet substantiation.
• Contribute to special projects, continuous process improvements, and system implementations/enhancements related to reinsurance accounting.
• Assist with ScheduleF (ScheduleF) and statutory reporting requirements, ensuring accuracy, compliance, and timely delivery.
• Contribute in collateral management and adjustment processes and support internal and external audit.
• Analyze large datasets for discrepancies, trends, or required adjustments, using advanced Excel and other data‑management tools.
• Collaborate closely with underwriting, claims, legal, and finance to ensure information is complete and accurate.
• Prepare and present account status, aging, and reconciliation reports for management and external auditors as needed.
• 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, and promote professional development.

• Bachelor’s degree in Accounting, Finance, or related field; CPA or similar designation is a plus.
• Minimum 5+years of progressive experience in reinsurance accounting within the property & casualty insurance industry.
• Experience with both ceded and assumed reinsurance accounting, heavy focus on quota share treaties; experience with XOL and FAC desirable.
• Advanced proficiency in Microsoft Excel (pivot tables, VLOOKUP, formulas, data modeling, etc.) and experience handling complex datasets.
• Practical experience with ScheduleF and statutory reporting requirements.
• Proven experience managing relationships with reinsurance brokers and performing collections and cash‑application processes.
• Excellent analytical, organizational, and prioritization skills; strong attention to detail and accountability.
• Ability to manage multiple deadlines and respond dynamically to changing priorities, especially under tight constraints.
• Experience with major reinsurance/insurance systems and general ledger financial packages (Workday, Great Plains, SAP, or similar).
• Strong written and verbal communication skills, with the ability to present complex information clearly and effectively.
• Self‑directed, proactive, and capable of working independently and as part of a team.
• Positive attitude, professional disposition, and commitment to delivering high‑quality work in a fast‑paced environment.

Starr is an equal‑opportunity employer and considers all qualified applicants regardless of gender identity or expression, ethnicity, nationality, religion, sexual orientation, disability status, or any other protected characteristic.