Accountant, Ceded Reinsurance (Administrative)
Job Summary:
Assist with the following:
o Ceded Reinsurance Processing
o AW Global Application Business Expert
§ Respond to questions from global departments with regards to ceded reinsurance
o Set up of treaty and facultative contracts in the ceded reinsurance system in line with underlying contract terms and conditions
o Review of weekly ceded reinsurance claims calculation from the ceded reinsurance system
o Review weekly ceded premium result from the ceded reinsurance system
o Review of biweekly facultative notice and billing document generation
o Along with IT, responsible for initiating weekly and monthly ceded premium and loss calculations
o Along with IT, responsible for completing the monthly application close
o Assist with the implementation of ceded reinsurance system enhancements
o Assist with company expansion into new territories including new product development
o Financial External Auditor Support
o State Examiner Support
o Internal Audit Support
Job Requirements:
o Minimum 3 years ceded reinsurance accounting experience
o Familiarity with treaty and facultative insurance contract terminology
o Experience with ceded reinsurance applications
o Strong information technology experience including familiarity with Microsoft office, specifically Excel
o Experience in the development of efficient systems and processes
o Excellent communication skills
o Superior organization skills
o Proven ability to meet strict reporting deadlines, ability to deal with time pressure
Education/Certification:
Undergraduate Degree in Accounting of Finance
About Fairfax
Fairfax is a holding company which, through its subsidiaries, is engaged in property and casualty insurance and reinsurance and investment management.
Allied World
Allied World Assurance Company Holdings, Ltd, through its subsidiaries, is a global provider of insurance and reinsurance solutions. We operate under the brand Allied World and have supported clients, cedents and trading partners with thoughtful service and meaningful coverages since 2001. We are a subsidiary of Fairfax Financial Holdings, Limited and benefit from a strong capital base and a worldwide network of affiliated entities that allow us to think and respond in non-traditional ways.
Our generous benefits package includes Health, Dental and Disability Insurance, a company match 401k plan, and Group Term Life Insurance. Allied World is an Equal Opportunity Employer. All qualified applicants will be considered for employment without consideration of any disability, veteran status or any other characteristic protected by law.
To learn more, visit awac.com, or follow us on Facebook at facebook.com/alliedworld and LinkedIn at linkedin.com/company/allied-world.
Salary Minimum: 95000Salary Maximum: 105000