Arch

  • Reinsurance Accountant

    Job Locations US-NC-Raleigh
    Job ID
    2018-1776
    # of Openings
    1
    Category
    Accounting
  • Overview

    The Company

    Arch Capital Group Ltd. (NASDAQ: ACGL) is a Bermuda public limited liability company with approximately 3,000 employees and $11.3 billion in capital at December 30, 2017, and, through operations in Bermuda, the United States, Europe and Canada, writes specialty lines of property and casualty insurance and reinsurance, as well as mortgage insurance and reinsurance, on a worldwide basis. Our unique underwriting platform, successful management team and strong capital base has enabled us to establish a prominent presence in the global insurance and reinsurance markets.

    Responsibilities

    The Position

    The Reinsurance Accountant will perform all aspects of treaty accounting for assigned brokers including thorough account analysis, entry into reinsurance system, and cash settlement. This person will participate in the preparation of monthly closing reports and quarterly underwriting results.

     

    Job Responsibilities

    • Analyze & process monthly/quarterly treaty reinsurance accounts:
      • Reconcile broker invoices to supporting documentation
      • Review premium & loss bordereaux to ensure compliance with treaty terms & to identify catastrophe or large loss activity
    • Prepare/apply cash receipts and disbursements for assigned brokers
    • Document and resolve account or cash issues
    • Confirm and process adjustable features on contingent and sliding scale commissions as well as premium adjustments
    • Assist in the preparation of Assumed & Ceded Schedule F
    • Follow-up on settlement of overdue account receivable balances and missing accounts
    • Participate in the preparation of monthly and quarterly reports 

    Qualifications

    Desired Skills

    • Strong analytical and problem-solving skills
    • Ability to manage multiple priorities and stay organized
    • Excellent written and verbal communication skills
    • Ability to work independently and as part of a team
    • Proficient Microsoft Excel, specifically in pivot table & v-lookup functionality
    • Experience with Microsoft Access including query creation

     

    Required Education/Experience 

    • Bachelor's Degree in Accounting
    • +5 years assumed or ceded Reinsurance Accounting experience

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