Reinsurance Accounting Specialist

3 days ago

Dublin, Dublin City, Ireland beBeeAccounting Full time €45,000 - €65,000
Job Description:

The role of a Reinsurance Accounting Specialist is to coordinate the acceptance and documentation of new and renewal reinsurance agreements. This involves maintaining accurate records and inputting data into the SICS system.

This position requires strong analytical and problem-solving skills, as well as the ability to work independently and collaboratively. The successful candidate will have excellent attention to detail and a high level of accuracy.

The ideal candidate will have a Bachelor's degree in business, finance, or a related field, and at least 2 years of technical reinsurance accounting experience. Familiarity with the SICS reinsurance system is a plus.

  • Coordinate contract acceptance and documentation for new and renewal reinsurance agreements.
  • Maintain accurate contract records and input data into the SICS system.
  • Review contract terms, conduct risk transfer analysis, and support reporting to leadership.

Quarterly Reporting & Reconciliations

  • Collect and validate cession and claims data from cedants.
  • Input data into internal systems, reconcile results, and prepare reports with analysis.
  • Perform intercompany and account reconciliations.

Cash Flow & Payments

  • Prepare and process claim payments via banking platforms.
  • Monitor funding of trust and collateral accounts.
  • Ensure accurate remittance tracking and reconciliation.

Audit & Compliance Support

  • Maintain documentation for audits and internal controls.
  • Assist with audit requests and ensure process integrity.

Required Skills and Qualifications:

  • Bachelor's degree in business, finance, or a related field.
  • Minimum of 2 years of technical reinsurance accounting experience.
  • Strong knowledge of accounting principles and procedures.
  • Familiarity with the SICS reinsurance system is a plus.
  • Excellent attention to detail and high level of accuracy.
  • Strong analytical and problem-solving skills.
  • Ability to work independently and collaboratively.
  • Proficient in English (written and spoken).

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