Director, Reinsurance Accounting

Oliver James is currently partnered with a leading insurance organization seeking a Director, Reinsurance Accounting to oversee complex ceded and assumed reinsurance accounting and reporting activities across multiple bases of accounting, including US GAAP, Statutory (NAIC), and Bermuda Statutory.

This role sits within a collaborative finance organization and will partner closely with actuarial, investments, risk, and senior leadership. This individual will play a key role in treaty oversight, transaction onboarding, financial close, governance, and process improvement initiatives.

Key Responsibilities

• Lead monthly and quarterly close processes related to reinsurance, including review of journal entries, reconciliations, and variance analysis

• Oversee accounting and financial reporting for complex ceded and assumed reinsurance treaties, including coinsurance, YRT, funds withheld, and retrocession arrangements

• Review and interpret reinsurance treaty documentation to ensure accounting and reporting compliance with contractual terms

• Prepare analytical reporting and executive-level commentary on reinsurance results and key business drivers

• Serve as accounting lead for new reinsurance transactions, including onboarding, modeling, and control design

• Develop and maintain standardized reinsurance accounting models and reporting frameworks

• Partner cross-functionally with actuarial, investment accounting, and risk teams to ensure accuracy of reserves, deferred gains/losses, and reinsurance recoverables

• Establish and maintain governance, controls, and documentation supporting treaty administration, premium settlements, and collateral tracking

• Act as a primary contact for internal audit, external auditors, and regulatory examinations related to reinsurance matters

• Drive process improvement, automation, and scalability initiatives within reinsurance accounting

• Mentor and develop junior accounting staff, providing technical guidance and leadership support

• Participate in enterprise-wide projects with cross-divisional financial and operational impact

Qualifications

• Bachelor’s degree in Accounting or related field

• 7+ years of progressive experience within insurance, reinsurance, or public accounting

• Strong technical knowledge of reinsurance accounting across GAAP and statutory frameworks

• Demonstrated ability to manage complex transactions and operate in a fast-paced, deadline-driven environment

• Proven leadership, collaboration, and communication skills

• Highly analytical with strong attention to detail and sound professional judgment

• Experience with large financial systems (e.g., ERP, financial reporting tools, consolidation systems) preferred

• CPA strongly preferred

  To learn more, please reach out Adam Salvadori at [email protected] or apply directly.