The Senior Reinsurance Accountant III is a motivated, experienced and independent thinker who plays a critical role in supporting the accounting and operations of AmTrust Financial Service’s Reinsurance cycle (supports reinsurance quote submissions, broker billing/collections, reinsurance bordereau, reinsurance accounting and reporting of reinsurance balances). The role interacts with our finance leadership team, underwriting, claims and actuarial departments to ensure the proper interpretation and recognition of complex reinsurance agreements. This is a great opportunity to be part of an exciting fortune 500 organization that is growing and at the same time transforming its accounting and reinsurance platforms to meet the needs of a global organization.

• Prepare and/or review assumed and ceded day to day reinsurance general ledger transactions, including preparation of supporting schedules, including the Cession Statements and Bordereaux, making sure the supporting statements and journal entries track with the department’s calendar.
• Prepare and/or review the quarterly and annual U.S. Statutory and U.S. GAAP financial reports for reinsurance balances and disclosures. This includes Schedule F or parts of the schedule F for assigned companies.
• Prepare and/or review, at the direction of management, the Reinsurance Submissions to the broker. This includes preparing parts of the submission templates, coordinating the preparation of certain parts of the submission statement (like limits presentation, accident year tables, rate development tables, etc.) with the groups responsible for those section of the submission. Lastly, ensure the submission is properly cross-validated and delivered timely to the broker.         
• Prepare analytics, at the direction of management, to support variance explanations for reinsurance balances or for selected reinsurance programs. The analytics need to explain the drivers causing the movement in the balances and/or insurance industry ratios. Analytics are to be accompanied with detail descriptions explaining the drivers.    
• Prepare and/or review balance sheet account reconciliations on assigned reinsurance balances; this includes supporting the account reconciliation at the counter-party code level and ensuring the GL balance agrees to the Sub-ledger. Also, identifying timing differences and non-timing differences, for which a remediation plan is to be put in place.
• Support the reinsurance team adherence to the company's framework of internal controls by driving the design and execution of reinsurance related SOX controls, including those found in the reinsurance teams Risk Control Matrix (RCM). Work with external and internal auditors, as requested by management, in testing the controls and in providing documentation to the auditors in supports of the control. 
• Prepare and/or review documentation, in the form of a Statement of Procedure (SOP), on accounting & filing procedures for the department. This includes ensuring all previously prepared SOP’s have been updated for new activities and/or system changes.
• Work with external business partners (Brokers / Reinsurers / Agencies) is settling open recoverable / payable reinsurance balances, this includes working with brokers on collateral requirements and working with the companies Oracle AR sub-ledger in clearing open balances.

• 3 - 4+ years of progressive reinsurance accounting experience preferred and/or 6+ years of insurance accounting experience
• A bachelor’s degree in Business, Accounting or Finance (a MBA or CPA not needed, it’s a plus)

Hard Skills:

• Advanced Excel skills (Pivot Tables, XLOOKPUP or VLOOKUP, Macros, etc..) is highly desirable
• Experience in working with Oracle ERP ledgers, especially in data mining and/or knowledge of uploading entries into Oracle is preferable.
• Experience with the documentation of accounting and reinsurance operational procedures (such as SOX documentation or process work-flow documentation) is preferable.  

Soft Skills:

• Strong analytical skills, with the ability to identify unusual variances in the results and drill into supporting general ledger accounts / workpapers and/or work with others in the organization to provide an explanation.
• Be proactive, detail oriented, with solid organizational skills, be flexible and have demonstrated skills to work effectively in a team-oriented environment
• Strong technical system skills in working with large files and data and solid problem-solving skills, including taking the initiative towards continuous improvement as required
• Ability to work in a fast-paced environment and comfortable working in a large company with many affiliates, making up the bulk of the company structure, and be comfortable working with multi-system environment used to process and/or gather data.
• Has good verbal and written communication skills, who is comfortable interacting with others, including vendors and/or counterparties from outside the organization.

The salary range for this role is $90,000-$110,000. This range is only applicable for jobs to be performed in Jersey City, New Jersey. Base pay offered may vary depending on, but not limited to education, experience, skills, geographic location, travel requirements, sales or revenue-based metrics. This range may be modified in the future.

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AmTrust Financial Services offers a competitive compensation package and excellent career advancement opportunities. Our benefits include: Medical & Dental Plans, Life Insurance, including eligible spouses & children, Health Care Flexible Spending, Dependent Care, 401k Savings Plans, Paid Time Off.

AmTrust strives to create a diverse and inclusive culture where thoughts and ideas of all employees are appreciated and respected. This concept encompasses but is not limited to human differences with regard to race, ethnicity, gender, sexual orientation, culture, religion or disabilities.

AmTrust values excellence and recognizes that by embracing the diverse backgrounds, skills, and perspectives of its workforce, it will sustain a competitive advantage and remain an employer of choice. Diversity is a business imperative, enabling us to attract, retain and develop the best talent available. We see diversity as more than just policies and practices. It is an integral part of who we are as a company, how we operate and how we see our future.