Senior Accountant, Ceded Reinsurance
About the Company
Vantage Group Holdings Ltd. (Vantage) was established in late 2020 as a re/insurance partner designed for the future. Driven by relentless curiosity, our team of trusted experts provides a fresh perspective on our clients’ risks. We add creativity to tech-enabled efficiency and robust analytics to address risks others avoid. Vantage provides specialty re/insurance through its operating subsidiaries in Bermuda and the U.S. Vantage has approximately 365 colleagues in both the United States and Bermuda. We have offices in Chicago, IL, Norwalk, CT, Arlington, VA, Boston, MA, New York, NY, Atlanta, GA and Hamilton, Bermuda. Additionally, we are a highly geographically diverse workforce with colleagues based in 35 states and counting. We fully support work flexibility including remote and hybrid work arrangements. About the role: At Vantage, the Senior Accountant, Ceded Reinsurance is a member of the insurance finance team. This position will assist with all accounting activities for the Company’s insurance segments. Additionally, the Senior Accountant will assist with GAAP and STAT reporting responsibilities, design and execution of the control framework, and tactical process improvement initiatives. The base salary expectation for this role is between $85,000 and $105,000. Actual base salary for the selected candidate may be higher commensurate with candidate experience and expectations. Additionally, Vantage offers its colleagues performance-based bonus potential, strong health & welfare benefits, retirement plans with company match, competitive time off plans, a highly flexible work environment, and much more. Responsibilities & Accountabilities:
- Actively participate in the monthly and quarterly close process, to include preparing detailed monthly and quarterly journal entries and variance analysis and account reconciliations.
- Prepare monthly and quarterly ceded reinsurance statements.
- Prepare treaty, FAC, and proportional calculations, entries, billing, receipts, and disbursements.
- Assist in the preparation of financial statements and related footnotes.
- Prepare and maintain the appropriate level of workpapers and process & control documentation.
- Improve documentation and streamline processes around month-end/quarter-end close.
- Liaise with external and internal audit team. Coordinate with various departments across the firm to gather audit support.
- Support special project work and perform ad-hoc analysis as needed.
Ideal Candidate Profile:
- Bachelor’s degree in Accounting or Finance required.
- 3+ years of accounting experience at a Property/Casualty Insurer including Ceded Reinsurance accounting experience.
- US GAAP and Statutory basis accounting knowledge.
- Experience with preparing US GAAP and/or US Statutory financial statements and footnotes.
- Public accounting/ “Big 4” experience preferred but not required.
- CPA designation preferred but not required.
- Experience with Oracle preferred but not required.
- Strong analytical and problem-solving skills
- Highly detail oriented and organized.
- Excellent communication skills.
- Self-starter – self-motivated.
Our Vantage Values Do What’s Right – be a force for good, for our customers, shareholders, colleagues, industry and communities. Be Relentlessly Curious – ask questions, listen to understand, challenge the status quo, look for ways to say YES, drive innovation, be opportunistic and disciplined. We’re Better Together – collaborate, be inclusive, supportive, respectful and humble, be a trusted partner internally and externally. Be Transparent – in who you are, what you think, and how you work, seek and provide alternative points of view, be true to yourself. Make A Difference – focus on impact, embrace technology, leverage data and analytics as critical assets, act intentionally to deliver on our mission. Apply tot his job Apply To this Job