North America Reinsurance Accounting - Analyst

Odysseyre - Stamford, CT

Full-time - Entry Level

Stamford, CT

About the position

The North America Reinsurance Accounting Analyst position at OdysseyRe is responsible for managing all aspects of Treaty accounting for assigned brokers. This includes thorough account analysis, data entry into the reinsurance system, and cash settlement. The role requires attention to detail and the ability to communicate effectively with brokers and internal teams to ensure timely processing of accounts and compliance with treaty terms.

Responsibilities

• Ensure that all assigned accounts due from brokers and ceding companies are received and processed timely after analysis and review
• Review premium and loss bordereaux to ensure compliance with treaty terms and to identify catastrophe or large loss activity
• Follow up on settlement of overdue accounts, adjustments and settlement of account balances
• Ensure that all statistical account information is allocated properly in the Phoenix system based on treaty terms
• Exercise discretion and independent judgment with respect to matters of significance
• Research, reconcile and resolve account discrepancies
• Review and interpret treaty contract wordings
• Keep management and underwriter informed of unusual or significant activity in a treaty
• Review and apply cash receipts and disbursements on assigned accounts
• Monitor cash suspense and explain reasons for unapplied cash
• Maintain electronic accounting files for assigned accounts
• Prepare disbursement requests for account balances and cash calls
• Obtain appropriate approvals for payments when necessary
• Communicate with broker regarding account issues
• Provide support to management and teammates in regard to specific account issues
• Follow department's established accounting procedures
• Assist in closing process as needed
• Maintain confidentiality of company-sensitive data

Requirements

• Proficient in Excel
• Able to analyze data, resolve problems and make decisions
• Must successfully interact with other members of the accounting staff and all other departments in the company
• Possess solid planning and organizational skills
• Strong verbal and written communication skills
• Reconciliation skills
• Bachelor's degree in finance/accounting

Benefits

• Excellent benefits
• Training and opportunities for career growth
• Innovative and enriching work environment