About the Role
This role supports the operational and financial administration of insurance programs and related reinsurance arrangements, serving as a key liaison across multiple departments and external partners. The position requires strong insurance program knowledge, analytical capability, and the ability to translate contract terms into accurate reporting.
Responsibilities
- Coordinate the operational and financial onboarding of new and renewed insurance programs, MGAs, and delegated authority arrangements.
- Review program terms, commission structures, reporting requirements, settlement provisions, and reinsurance arrangements to establish accounting and operational requirements.
- Partner with Underwriting, Program Management, Reinsurance, Claims, Finance, and IT to confirm program setup, reporting calendars, data requirements, and controls before launch.
- Prepare, review, and reconcile premium, claims, commission, and reinsurance bordereaux using policy, claims, and financial data.
- Validate written and earned premium, commissions, fees, paid and outstanding claims, recoveries, and other program activity against source systems and contractual terms.
- Investigate data exceptions, missing information, duplicate activity, and reporting inconsistencies and coordinate timely resolution with internal teams and external program partners.
- Support assumed and ceded reinsurance administration across quota share, excess of loss, facultative reinsurance, and other program reinsurance structures.
- Prepare and reconcile ceded premium, reinsurance commissions, claims recoveries, reinstatement premiums, funds withheld, and other reinsurance balances.
- Coordinate reporting and settlement information with reinsurance brokers, reinsurers, Finance, and Reinsurance teams and maintain complete supporting documentation.
- Prepare and maintain program-level reconciliations covering premium, commissions, claims, reinsurance, cash, receivables, and settlement balances.
- Compare MGA, broker, reinsurer, and internal system reporting and investigate differences through resolution.
- Support journal entries, accruals, close schedules, and accounting adjustments related to assigned programs and reinsurance arrangements.
- Prepare and review program and reinsurance settlement statements and supporting calculations.
- Coordinate amounts due to and from MGAs, brokers, reinsurers, and other counterparties and support timely cash allocation and settlement.
- Monitor aged or disputed balances and escalate material collection, settlement, or reconciliation issues for resolution.
- Maintain effective controls over bordereaux preparation, data validation, reconciliations, settlements, and financial reporting outputs.
- Maintain organized procedures, reporting calendars, workpapers, and audit-ready documentation.
- Identify opportunities to standardize and automate program onboarding, bordereaux creation, reconciliations, and reporting processes.
- Maintain compliance with applicable US or International statutory or regulatory obligations.
Requirements
- 4–7 years of progressive experience in insurance program operations, program accounting, reinsurance operations, premium accounting, or a related insurance function.
- Experience preparing or reviewing premium, claims, commission, and/or reinsurance bordereaux, including assumed and ceded reinsurance, quota share and excess of loss arrangements, reconciliations, and settlements.
- Experience with a fronting carrier, specialty insurer, MGA, program administrator, delegated authority, or reinsurance organization.
- Experience with policy administration, claims, reinsurance administration, ERP, workflow, or financial reporting systems.
- Experience with program onboarding, cash settlements, premium receivables, reinsurance recoverables, or collateral reporting.
- Exposure to Power Query, Power BI, SQL, or other data automation and reporting tools.
Skills
- Strong knowledge of insurance program structures, MGAs, delegated authority, premium and claims flows, commissions, and reinsurance.
- Ability to interpret insurance and reinsurance contract terms and translate them into reporting, reconciliation, and settlement requirements.
- Strong analytical, reconciliation, and problem-solving skills.
- Advanced proficiency in Microsoft Excel.
- Ability to work with large datasets.
- Ability to identify data, reporting, and settlement issues and drive them through resolution.
- Ability to manage multiple programs, deadlines, counterparties, and recurring reporting requirements.
- Strong attention to detail and accuracy.
- Collaborative approach and ability to work cross-functionally.
- Clear and concise communication skills.
- Familiarity with US GAAP and US Statutory insurance reporting and financial close requirements.
- Ability to work in a fast-paced environment and multitask effectively under strict deadlines.
- Ability to think critically, problem solve and plan and organize activities.
- Ability to work independently and collaboratively.
Location
- New York
Work Type
- Permanent
- Full Time
Experience Level
- Senior
Salary/Compensations
- $120,000 - $130,000 / year
Benefits
- Health and welfare benefits
- Tuition assistance
- 401K savings
- Employee assistance programs
About the Company
- Accredited is an Equal Opportunity Employer committed to fostering an inclusive workplace.
Equal Opportunity
- All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, veteran status, genetic.
