Accountant II
AmTrust Group

Southington, Connecticut

Posted in Insurance


This job has expired.

Job Info


Overview

This position will be responsible for a variety of monthly accounting assignments within AmTrust Specialty Programs Segment. Responsible for the day-to day accounting activities in accordance with the reinsurance agreements. The role interacts with other departments to ensure the proper interpretation and recognition of complex agreements.

Responsibilities

  • Provide support on ceded reinsurance programs including collaboration and production of ceded premium and loss accounting, reinsurance premium and loss allocation, reinsurance receipt and disbursement processes.
  • Prepare and review assumed and ceded day to day reinsurance cessions reporting, Broker fees, trust draws, billing analysis detailing current and over-due balances from customers/reinsurers, including preparing an aging schedule of open balances
  • Timely and accurate processing/settlement (payment and collection) of assigned reinsurance account statements; including, ensuring all aged balances are fully documented and supported.
  • Verify ceded calculations produced by the Reinsurance Subledger are in accordance with reinsurance contracts (Quota Share, XOL, etc.)
  • Work with external business partners (Brokers / Reinsurers / Agencies) in settling open recoverable / payable reinsurance balances and clearing open balances through Oracle AR sub-ledger.
  • Completion of Key Assignments/Special Projects that may be assigned from time to time.


Qualifications

  • 3+ years' experience in Accounting/Finance; with emphasis on insurance/reinsurance background
  • Bachelor's degree in Accounting, Finance, Insurance, Business Administration and/or Equivalent
  • Ability to multi-task, prioritize, and manage workload to meet assigned deadlines, in fast-paced environment, with a high work ethic to get the job done
  • Has strong interpersonal, communication, and organization skills, with the ability to adapt to new circumstances, information, and challenges with a positive attitude
  • Collaborate with internal and external customers; understand the needs and goals of a customer and actively look for ways to meet them
  • Proficiency in MS Office with strong Excel skills (Pivot Tables, VLOOKUP, Macros) and experience in working with Oracle ERP ledgers are a big plus

This job description is designed to provide a general overview of the requirements of the job and does not entail a comprehensive listing of all activities, duties, or responsibilities that will be required in this position. AmTrust has the right to revise this job description at any time.

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What We Offer

What We Offer

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.


This job has expired.

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