Manager, Reinsurance Accounting

Company: James River Management Company
Location: Richmond
Posted on: March 19, 2023

Job Description:

Come grow with James River Insurance! James River Insurance is an excess and surplus lines segment of James River Group Holdings, Ltd. and operates on an approved non-admitted basis in 50 states and Washington, DC. Since 2003, James River has provided thousands of commercial property and casualty customers with innovative and creative solutions for particular insurance needs. At James River Insurance, we are committed to providing a stable and rewarding work environment supported by our Core Values and Guiding Principles: Integrity, Accountability, Innovation, Customer Service, Communication, and Teamwork. We are proud of our recent national recognition as a 2023, 2022, and 2021 Top Workplaces USA awards. Job Summary: The Manager, Reinsurance Accounting will perform duties within the department primarily related to reinsurance. The incumbent will be responsible for ensuring accurate and timely recording of data in the accounting systems, assist management and others in making educated economic decisions about the Company's future, and safeguard financial operations and assets by ensuring filing, reporting and control requirements are continuously met. Additional responsibilities include planning, analytics, resource management and ultimate accountability for functional performance results. The incumbent will be responsible for these aspects for multiple U.S. companies and will direct the work of one or more staff along these lines.Duties and Responsibilities: * Continuously exhibit and uphold Core Values of Integrity, Accountability, Communication and Teamwork, Innovation and Customer Service* Oversee the Reinsurance reporting and reinsurance systems function within the finance department* Serve as a key resource and point of contact for Brokers, Underwriters as well as accounting and claims* Oversee, analyze, and reconcile various reinsurance calculation modules within reinsurance system* Oversee monthly reinsurance treaty reporting* Establish strategy/vision, goals/targets, and key performance indicators to reflect successful performance and continuous improvement * Support and enhance the department's shared services direction and strategy* Implement policies and procedures to enforce internal controls, including Sarbanes Oxley responsibility across multiple areas* Provide monthly management reporting, analysis and communication of performance results* Lead technical accounting research and application, including supporting SEC and regulatory reporting and compliance requirements* Identify and perform various ad-hoc projects including researching, analyzing, and communicating data/analysis/recommendations* Lead implementation of prioritized initiatives* Assist in the recruitment and development of accounting and finance employees to support long-term management strategy, goals and objectives * Effectively manage performance and development of assigned employeesKnowledge, Skills and Abilities:* Understanding of generally accepted accounting principles* Strong knowledge of reinsurance contracts, reinsurance systems, treaty reporting, and reinsurance terminology.* Strong knowledge of successful accounting operations and internal control processes* Working familiarity with enterprise-level financial systems and data architectures* Ability to cultivate and manage numerous internal and external relationships, including management, brokers, underwriters, and auditors* Ability to recruit, manage, motivate, and develop others* Excellent written and verbal communication skills * Strong work ethic with a drive to succeed; high level of initiative and motivation* Proactive self-starter with a bias toward teamwork* Strong analytical skills with exceptional attention to detail * Ability to work under pressure and manage multiple deadlines * Desire to embrace flexibility in a rapidly changing environment* Intermediate to expert level proficiency in MS Office (Word, Excel, Outlook, etc.)Experience and Education:* Bachelor's Degree in Accounting or Finance or related required; Master's Degree preferred * Minimum of eight (8) years hands-on accounting experience with GAAP, statutory accounting, or related required * CPA designation strongly preferred * Knowledge of insurance operations and/or specific functional operations preferred * Experience in a highly-regulated and/or financial services environment preferred* Prior management experience preferred* Prior reinsurance accounting experience required* Prior Reinsurance Pro (Sapiens product) system knowledge a plus

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Keywords: James River Management Company, Richmond , Manager, Reinsurance Accounting, Executive , Richmond, Virginia