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Accountant , Reinsurance

Job in Dudley, Worcester County, Massachusetts, 01571, USA
Listing for: Nichols College
Full Time position
Listed on 2026-03-03
Job specializations:
  • Finance & Banking
    Financial Analyst, Financial Reporting
  • Accounting
    Financial Analyst, Financial Reporting
Salary/Wage Range or Industry Benchmark: 60000 - 80000 USD Yearly USD 60000.00 80000.00 YEAR
Job Description & How to Apply Below
Position: Accountant I, Reinsurance

and the job listing Expires on March 29, 2026

Full-Time Job Accounting, Data Analytics, Economics & Finance

To ensure that the daily tasks required to perform reinsurance accounting and reporting are completed accurately and timely. This includes ceded, assumed, Loss Portfolio Transfers (LPTs), and fronting business.

ESSENTIAL FUNCTIONS
  • Maintain accounting functions in reinsurance subsystems. This includes posting cash and preparing manual adjustments for premiums and claims for ceded reinsurance, assumed reinsurance and/or Loss Portfolio Transfers (LPT) in various systems such as Peoplesoft, Freedom, SICs and Claim Center.
  • Prepare reinsurance wires and post those payments in subsystems. As well as process cash call wires, as needed.
  • Reconcile various general ledger accounts monthly.
  • Fund and reconcile various escrow accounts. As well as reconcile various bank accounts and loss runs.
  • Complete monthly, quarterly and annual statements, including premium and claims statements, as needed.
  • Process various month end closing journal entries and tasks, which may include monthly claim adjustments, processing of bordereaux information and processing invoices.
  • Prepare various monthly and quarterly reports related to the reinsurance group.
  • Compile documentation for audit requests as needed throughout the year.
  • Must maintain consistent and predictable attendance.
ADDITIONAL RESPONSIBILITIES
  • Work closely with external parties as well as outside departments.
  • Various projects may be assigned during the year.
  • Complete various ad hoc requests throughout the year related to the reinsurance group.
JOB QUALIFICATIONS
  • Bachelor’s degree in accounting.
  • minimum of 2 years of experience in insurance industry or pertinent experience is a plus.
  • Must have good oral and written communication skills.
  • Dependable, organized, and motivated with a mature attitude.
  • Efficient, accurate and detail oriented
  • Able to prioritize tasks, work on multiple items simultaneously and complete duties within a specified time frame
  • Ability to work independently, as well as within a team, with the ability to maintain a positive attitude during ever-changing challenges and priorities in a fast-paced environment.
  • Proficient in Microsoft Excel and Outlook.
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