Reinsurance Accounting Specialist

Role Overview

• Performing reinsurance accounting activities, including preparing, classifying, recording, maintaining, and reconciling General Ledger accounts, sub-ledgers, and subsystems in compliance with accepted accounting policies and principles.
• Preparing financial footnote information for SEC, GAAP, and statutory reporting.
• Communicating to management on recognized trends of issues/concerns.
• Communicating with third party reinsurers on identified discrepancies and resolving in a collaborative and timely fashion.
• Promoting and enhancing organizational initiatives by positively influencing and supporting change management and/or departmental/enterprise initiatives.
• Conducting and/or participating in accounting projects.
• Providing accurate and timely reinsurance treaty administration which includes cash settlements and analyzing and validating data.
• Conducting quality assurance checks on journal entries and posting to General Ledger accounts.
• Determining classifications and recording financial transactions by applying accounting technique, standard practices, and accepted accounting policies and principles.
• Researching and providing accounting impacts on new and existing reinsurance structures/transactions.
• Ensuring the integrity of accounting records for completeness, accuracy, and compliance with accepted accounting policies and principles, internal controls, and SOX.
• Identifying and communicating to management process improvements that reduce workloads or improve quality.
• Identifying, researching, and resolving discrepancies or out of balance situations amongst assigned General Ledger accounts.
• Maintaining knowledge on current and emerging developments/trends, assessing the impact, and collaborating with management to incorporate new trends and developments in current and future solutions.
• Performing and delivering on routine assignments/projects while simultaneously leveraging and applying knowledge of his/her assigned area(s) of responsibility.
• Carrying out duties in compliance with all state and federal regulations and guidelines. Complying with all company and site policies and procedures.
• Making a positive contribution as demonstrated by making suggestions for improvement and continuing to learn new skills, procedures, and processes.
• Performing other duties as required.

Requirements

• 2
• 4+ Years of experience in Accounting that directly aligns with the specific responsibilities for this position.
• CPA strongly preferred but not required.
• Bachelor's degree or equivalent work experience (4 years of experience in lieu of Bachelor's).
• Demonstrates excellent organizational skills with the ability to prioritize workload and multi-task while maintaining strict attention to detail.
• Demonstrates solid project management skills, including the ability to coordinate and balance multiple projects in a time-sensitive environment, under pressure, and meeting deadlines.
• Demonstrates the ability to use sound judgment and discretion regarding confidential information.
• Ability to work with others in a team environment; demonstrates strong interpersonal skills with a collaborative style.
• Finds common ground and can gain collaboration among management, colleagues and peers; can influence outcomes without directing or commanding.
• Proficiency with Microsoft Office Suite (Word, Excel, PowerPoint, Outlook).
• Successfully completes regulatory and job training requirements.

Benefits

• Clearly defined career tracks and job levels, along with associated behaviors for each of Lincoln's core values and leadership attributes
• Leadership development and virtual training opportunities
• PTO/parental leave
• Competitive 401K and employee benefits
• Free financial counseling, health coaching and employee assistance program
• Tuition assistance program
• Work arrangements that work for you
• Effective productivity/technology tools and training