Sr. Reinsurance Accountant

Role: Senior Reinsurance Accountant

Reporting to: Finance Manager

Location: Chicago (preferred)

Department: US Finance

The Role

This role is part of the Finance team in Chicago and will be supporting both GAAP and Statutory reinsurance reporting. Will be responsible for assumed & ceded reinsurance reporting, reconciliations, and regulatory reporting duties. The level of this position is dependent on the knowledge and experience of the individual in both accounting and the insurance industry.

Responsibilities will include:

• Liaising with the underwriting and reinsurance teams in order to obtain a full understanding of the reinsurance exposures
• Conduct insurance/reinsurance accounting activities related to premiums, losses, deposit accounting, collateral, cash allocations, recoveries and reconciliations
• Review outstanding reinsurance recoverables' aging collection status and resolve any payment issues
• Review treaty documentation, verify transactions complies with treaties
• Serve as the accounting support during new transactions
• Prepare quarterly and year-end reports
• Drive process improvements and automation efforts

Skills and experience:

• Bachelor’s or Masters degree in Accounting, CPA is desirable but not required
• 4-6 years minimum of Accounting professional work experience
• Reinsurance Insurance experience
• Experience with statutory reporting software is preferred
• Proficient in Microsoft Office packages to an intermediate level for Excel is a must

Our benefits

We offer all employees a comprehensive benefits package that focuses on their whole wellbeing. This includes hybrid working, a competitive base salary, non-contributory 401k, discretionary bonus, insurances including medical, dental and vision cover, and many other benefits to enhance financial, physical, social and psychological health.

About Canopius

Canopius is a global specialty lines (re)insurer. We are one of the leading insurers in the Lloyd’s of London insurance market with offices in the UK, US, Singapore, Australia and Bermuda.

At Canopius we foster a distinctive, positive culture which enables us to bring our whole selves to work to flourish as people, and build a business which delivers profitable, sustainable results.

Canopius operates a flexible, hybrid working model and is committed to providing an environment that challenges employees to be their best and where everyone's unique contributions are recognized, valued and respected.

We are fully committed to equal employment opportunities for all applicants and providing employees with a work environment free of discrimination and harassment. All employment decisions are made regardless of age, sex, gender identity, ethnicity, disability, sexual orientation, socio-economic background, religion or beliefs, marital or caring status, or any other status protected by the laws or regulations in the locations where we operate. We encourage and welcome applicants from all diverse backgrounds.

We make reasonable adjustments throughout the recruitment process and during employment. Please let us know if you require any information in an alternate format or any other reasonable adjustments.