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Jobs in Philippines   »   Jobs in Quezon City, National Capital Region, Philippines   »   2024-7339_Finance Analyst (Reinsurance Accountant)
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2024-7339_Finance Analyst (Reinsurance Accountant)

Arch Global Services (Philippines) Inc.

Arch Global Services (Philippines) Inc. company logo

Shift assignment: Night Shift

We are looking for a dynamic and engaging Senior Accountant for an opportunity to join an industry-leading Property & Casualty insurance carrier focused on partnering with Reinsurers, MGAs/Program Administrators, and Insurtechs.

We provide access to commercial and personal lines utilizing our admitted and non-admitted capabilities across all 50 states. You would join a deeply experienced and broadly talented operating team where your experience and drive will become instrumental in further growing our business.

In addition to the day-to-day coordination of activities related to internal and external functions supporting the finance department this position is also responsible for but are not limited to the following:

The Senior Accountant will perform all aspects of reinsurance accounting.

  • Payments of deposit premium for XOL treaties
  • Quarterly financial ceded premium on XOL treaties - GNWP & GNEP Basis
  • XOL treaty True-up calculations
  • GL reconciliation - (Premiums Payable XOL) for quarterly close including commentary and each treaty reviewed quarterly
  • GL reconciliation - (Premiums Payable QS) - review list of treaties quarterly working to verify accuracy
  • QS accounts - Rending and settlements along with applying cash call credits
  • Assistance with collateral review and requests - annual process
  • LOC maintenance (increases and decreases required)
  • Collaborating with appropriate stakeholders for operational set-up of new reinsurance treaty, captive or facultative agreements
  • Special reporting required with affiliates
  • Facultative loss calculations – financial closings and management reporting

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