Reinsurance Accountant

Company: The Hartford
Location: Stamford
Posted on: April 6, 2025

Job Description:

We're determined to make a difference and are proud to be an insurance company that goes well beyond coverages and policies. Working here means having every opportunity to achieve your goals - and to help others accomplish theirs, too. Join our team as we help shape the future.Navigators Re ("NavRe") is a division of The Hartford writing assumed treaty reinsurance with the following characteristics:

• Founded in 2010
• 2024 estimated annual GWP of $850 million
• 70+ colleagues managing underwriting, distribution, actuarial, finance, contract, claims, information technology and operations
• A global footprint with offices in Stamford, CT; Morristown, NJ; Coral Gables, FL; London and Zurich
• Many of the markets in which Nav Re currently competes are exhibiting favorable trading conditionsReporting to the Reinsurance Accounting manager, the reinsurance accountant will be responsible for technical accounting duties including high level review/analysis and processing of assumed reinsurance statements in the Sapiens system. The successful candidate will have strong organization and reconciliation skills and be self-motivated and proactive. This role involves collaborating with both internal and external business partners.Key Responsibilities:
  • Accurately perform technical accounting duties such as statement analysis, booking premiums and claims transactions
  • Prepare cash disbursements according to contract terms
  • Review and analyze statement submissions ensuring all required supporting documentation has been received
  • Responsible for the calculation and / or verification of various treaty adjustments, including sliding scale commissions, profit commissions and deposit premium adjustments
  • Develop strong relationships and work collaboratively with other functional areas (Underwriting, Claims, Finance) and clients to clarify and resolve queries, incorrect data, and missing information to facilitate timely and accurate statement processing
  • Achieve qualitative and granular understanding of accounts and reported balances
  • Partner with cash accounting teammates regarding balances due
  • Take note of any unusual or significant activity in a treaty and communicate to manager and underwriter
  • Maintain accurate storage of relevant accounting documents
  • Assist with special projects, system enhancements, testing, and ad-hoc reporting requestsQualifications:
    • Bachelor's degree in Accounting/Finance or equivalent work experience
    • 3+ years of accounting, reporting or finance experience
    • Bilingual Spanish/English strongly desired
    • Reinsurance accounting experience strongly desired
    • Proactive individual with well-developed communication skills, analytical and documentation skills, and with high attention to detail
    • Ability to react and successfully balance multiple competing priorities in a dynamic, fast-paced work environment under strict time constraints
    • Proven track record of taking initiative to research and resolve issues
    • Strong computer skills and desire to learn new applications with advanced MS Excel knowledge
    • High level of discipline and ability to work independently and within a team to drive resultsLocation:
      • This role will have a Hybrid work arrangement, with the expectation of working in an office in Stamford, CT; Coral Gables, FL; or Chicago, IL at least three days a week (Tuesday through Thursday).CompensationThe listed annualized base pay range is primarily based on analysis of similar positions in the external market. Actual base pay could vary and may be above or below the listed range based on factors including but not limited to performance, proficiency and demonstration of competencies required for the role. The base pay is just one component of The Hartford's total compensation package for employees. Other rewards may include short-term or annual bonuses, long-term incentives, and on-the-spot recognition. The annualized base pay range for this role is:$66,000 - $99,000Equal Opportunity EmployerWe're determined to make a difference and are proud to be an insurance company that goes well beyond coverages and policies. Working here means having every opportunity to achieve your goals - and to help others accomplish theirs, too. Join our team as we help shape the future.
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Keywords: The Hartford, Waterbury , Reinsurance Accountant, Accounting, Auditing , Stamford, Connecticut