Impress employers and recruiters.
Choose from hundreds of resume examples.

Target Resume Now

About the Role

The Senior Vice President, Ceded Reinsurance Accounting is a critical contributor to Arch Insurance North America’s (AINA) ceded reinsurance strategy, responsible for the end-to-end controllership and financial operations of the corporate Ceded Reinsurance function. This role will report to the Chief Financial Officer of AINA and be a key member of the AINA Finance leadership team, integral to successfully executing the financial commitments of reinsurance treaties and facultative arrangements.

Responsibilities

Manage Bordereaux and Billing for Treaty and Facultative Clients, including coordination and oversight of post placement account settlement and billing with reinsurance trading partners, ensuring accuracy and timely performance of obligations.
Reporting of all required information as agreed to under the reinsurance arrangements in an efficient and scalable process.
Management of all cash activities billing, collections, reporting and reconciliation.
Oversee collateral management to ensure adequate balances are maintained and adjusted as needed to mitigate reinsurance trading partner counterparty exposure or to satisfy regulatory requirements.
Manage Financial Reporting and Close Activities, including the ceded reinsurance close and reporting calendar for treaty and facultative business, ensuring recognition of premiums, ceding commissions, loss recoverable, reinstatement premiums, and other financial items.
Coordinate with corporate reporting teams to provide analytics and explanations for the effect of ceded reinsurance transactions as part of the quarter close reviews and report outs.
Oversee all ledger accounts that are part of the Ceded Reinsurance Accounting controllership function, including balance sheet reconciliations, variance and flux commentary and insights connecting P&L and balance sheet results.
Responsible for creating workforce and staffing plans, including onshore and offshore capabilities, to accomplish the objectives of the department.
Build, mentor, and scale a high-performing team, including focus on training, career development, and succession planning.
Own, develop and execute tactical and operational plans that have a direct impact on the achievement of functional strategies.
Manage the periodic planning and reforecasting process for business that is the responsibility of the Ceded Reinsurance Accounting function.
Maintain a robust control environment (SOX/ICFR), and lead interactions with internal and external auditors.
Work with the broader organization to identify process improvements, data quality, controls enhancements and a variety of other initiatives to ensure optimal outcomes for AINA overall.

Requirements

Proven leader and collaborative team player who provides strategic guidance and vision while also maintaining a hands-on approach when required.
Ability to manage complex, detail-oriented initiatives under tight deadlines, while effectively responding to unplanned projects and emerging challenges.
Broad exposure to operational disciplines, including underwriting, claims, and IT, with the ability to ensure effective cross-functional communication and the accurate capture of information required for downstream financial reporting.
Strong ability to communicate financial analyses, insights, and conclusions clearly and effectively to a wide range of stakeholders and end-users, including executive leadership.
Experience working with both third-party and internally developed reinsurance system solutions, including hybrid operating environments that support evolving business needs.
Ability to operate effectively within a global organizational structure, including shared service models managed by corporate functions, while leading teams composed of both onshore and offshore resources.
Familiarity with a wide range of products in the commercial insurance space including but not limited to workers compensation, D&O and E&O, general liability, property and property CAT, surety and commercial auto.

Skills

Advanced proficiency and experience in Microsoft Excel, PowerPoint, Word, Access, SQL, Power BI, Workday, and Alteryx, with a strong aptitude for leveraging technology to enhance reporting and analysis.

Location

Hartford
Jersey City
Philadelphia
Garden City

Work Type

Hybrid

Experience Level

Minimum 15 years of North American property and casualty insurance industry experience; a significant portion of that experience should be in reinsurance accounting and operations.
International experience (e.g., Lloyds, Bermuda) a plus.

Education Level

Finance or accounting degree required.
Certified Public Accountant or Chartered Accountant, MBA, SEC reporting and public accounting background are preferred but not required.
CPCU, ARe or other insurance designations are a plus.

Salary/Compensations

$188,900 - $255,000/year

Benefits

Multiple medical plans plus dental, vision and prescription drug coverage
Competitive 401k with generous matching
PTO beginning at 20 days per year
Up to 12 paid company holidays per year plus 2 paid days of Volunteer Time Offer
Basic Life and AD&D Insurance as well as Short and Long-Term Disability
Paid Parental Leave of up to 10 weeks
Student Loan Assistance and Tuition Reimbursement
Backup Child and Elder Care

About the Company

With a company culture rooted in collaboration, expertise and innovation, we aim to promote progress and inspire our clients, employees, investors and communities to achieve their greatest potential.
Our work is the catalyst that helps others achieve their goals.
In short, We Enable Possibility℠.

Equal Opportunity

Arch is committed to helping employees succeed through our comprehensive benefits package that includes multiple medical plans plus dental, vision and prescription drug coverage; a competitive 401k with generous matching; PTO beginning at 20 days per year; up to 12 paid company holidays per year plus 2 paid days of Volunteer Time Offer; basic Life and AD&D Insurance as well as Short and Long-Term Disability; Paid Parental Leave of up to 10 weeks; Student Loan Assistance and Tuition Reimbursement, Backup Child and Elder Care; and more. Click here to learn more on available benefits.