Reinsurance Controller

Nelnet is a diversified and innovative company committed to enriching lives through the power of service as a student loan servicer, professional services company, consumer loan originator and servicer, payments processor, renewable energy solutions, and K-12 and higher education expert. For over 40 years, Nelnet has been serving its customers, associates, and communities.

The perks of working at Nelnet go beyond our benefits package. When you join the Nelnet team, you're part of a community invested in the success of each individual. That support comes through in our work, as we are united by our mission of creating opportunities for people where they live, learn, and work.

Nelnet Insurance Services is seeking an Insurance/Reinsurance Finance Controller to lead finance strategy, reporting, and controls across our reinsurance portfolio. You’ll manage a team, partner closely with leadership and actuarial, and ensure our results are timely, accurate, and decision ready.

Key Responsibilities
1) Financial leadership, planning & performance

• Own NIS reinsurancefinancials and annual operating rhythm (close calendar, board/leadership reporting cycles).
• Convert treaty and portfolio performance (ELR, margin, UW profit, float) intoclear, actionable insights.
• Partner with Management, Actuarial, and Program leadership onrenewals and capital allocationdecisions.

2) Close, reporting & narratives (oversight)

• Set standards for monthly/quarterly reinsurance close in accordance with the consolidated close calendar
• Ensure accurate consolidation (hierarchy income statements, balance sheet), plusreserve roll forward, reinsurance cash activity, collateral/investment schedules and program summaries.
• Drive discipline and prevent rework through QAand signoffs.

3) Treaty lifecycle (premium, losses, settlements)

• Establish the end-to-end
  treaty accounting governance
  : bordereau intake, validation, earned vs written premium, UEPR, and LAE treatment.
• Set SLAs with brokers/carriers,approve settlements/refunds/cash calls, and lead resolution of structural variances and data integrity issues.
• Maintain thetreaty controls library(desk procedures, checklists, risk/control matrices).

4) Capital, collateral & treasury (trusts/bonds/cash)

• Overseecollateral trust and investment reporting(cash, bonds, valuations), ensuring alignment with treaty and regulatory requirements.
• Coordinate with Investmentson liquidity and yield within risk constraints.

5) Actuarial, reserving & regulatory coordination

• Partner with Actuarial on
  loss picks, ELR movements, and reserve adequacy; ensure consistent, timely incorporation into financials.
• Overseeactuarial report/SAO submissionsand the evidence trail for regulatory inquiries.
• Maintain a calendar forregulatoryfilings and related governance artifacts.

6) Controls, audit & compliance ownership

• Own outcomes forinternal auditsover reinsurance; remediate gaps; evidence control performance.
• Embed preventative controls in workflows (segregation of duties, approvals, data checks) and monitor via KPIs(e.g., recon aging, error rates).

7) Data, systems & automation

• Lead theBDX/data automation roadmapto book actuals
• Sponsor tool improvements (data quality rules, reconciliation engines, version control, artifact indexing) and drive adoption.

9) Executive & board communication

• Prepare executive briefs and board materials; present results, risks, and recommendations concisely.
• Serve as the senior finance interface to internal leaders on treaty performance.

Salary for this role is: $100,000-$140,000

Please note that we are unable to provide visa sponsorship for this position. To be considered, candidates must already be authorized to work in the United States without the need for current or future sponsorship.

This candidate must be located in Omaha or Lincoln and in office 24 hours a week.

Qualifications

• Bachelor’s in Accounting/Finance; CPA strongly preferred.
• 5+ yearsin insurance/reinsurance accounting with progressive leadership; deep GAAP for re/insurance;
  Statutory accounting familiarity preferred.
• Provenclose leadership(month/quarter),audit ownership, and compellingexecutive/board communication.
• Strong data orientation (Excel/Power Query/Power BI…