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Assistant Manager - Ceded Reinsurance Accounting
About Us
Since 1977 we have delivered first class solutions to insurers worldwide, by combining global reach with local decision making. We have built customer & broker relationships on years of trust, experience and execution. Through our people, our products and our partnerships, we deliver the capacity and expertise necessary to contribute to the sustainable growth of prosperous communities worldwide. To do so, our colleagues work with:
Integrity Work honestly, to enhance TransRe’s reputation
Respect Value all colleagues. Collaborate actively.
Performance We reward excellence. Be accountable, manage risk and deliver TransRe’s strengths
Entrepreneurship Seize opportunities. Innovate for and with customers.
Customer Focus Anticipate their priorities. Exceed their expectations.
We have the following job opportunity in our New York City office:
Description
TransRe is seeking an experienced Assistant Manager to join our Ceded Reinsurance Accounting team. This role will report to the team’s Director and will be a key contributor in managing and overseeing ceded reinsurance accounting activities, quarterly close, and statutory reporting. The ideal candidate will bring strong ceded reinsurance accounting expertise, analytical depth, and a proactive mindset focused on process improvement & automation. Responsibilities will include, but not be limited to:
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Managing the ceded reinsurance book of business, including:
- Treaty setup and maintenance
- Preparation of statements and cash calls
- Cash payments and application of cash
- Monitoring balances and performing analytics
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Performing quarterly reporting and analysis, including:
- Period-over-period variance analytics
- Reconciliation of subledger to General Ledger
- Parent company reporting requirements
- Preparing quarterly financial schedules to support quarterly close and year-end statutory schedules
- Ensuring accuracy, timeliness, and completeness of financial data
- Partnering with IT and other stakeholders to automate processes and enhance reporting efficiency
- Identifying process improvements and strengthening internal controls
- Supporting special projects and ad hoc reporting as needed
Requirements
- 5+ years of ceded reinsurance accounting experience.
- Bachelor's degree in accounting, Finance, Business or equivalent training
- Strong Microsoft Excel skills (advanced formulas, VLOOKUP, pivot tables, data analysis tools)
- Demonstrated ability to perform reconciliations and conduct detailed financial analysis
- Self-starter with a proven ability to conduct independent research, identify process improvements, and implement solutions with minimal supervision.
- Excellent interpersonal and communication skills; collaborates effectively across departments and with internal and external stakeholders.
- Demonstrates strong ownership, accountability, and project management skills in a fast-paced, evolving team environment.
Work Schedule
TransRe is supportive of an agile work schedule, which may differ based on individual roles, your local office’s practices and preferences marketplace trends, and TransRe’s business objectives. This position is located in our New York City office and is eligible for a hybrid work schedule with 3 days in the office per week, and 2 days remote.
Compensation
In addition to base salary, for this position, TransRe offers a comprehensive benefits package, paid time off, and incentive pay opportunity. The anticipated annual base salary range in New York for this position, exclusive of benefits, paid time off, and incentive pay opportunity is $105,000 – $140,000. This range is an estimate and the actual base salary offered for this position will be determined based on certain factors, including the applicant’s specific skill set and level of experience.
We are an Equal Opportunity Employer (EOE) and we support diversity in the workforce.
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