Obsidian Insurance Holdings, Inc

Compensation

Full Description

Location: 100% remote position, candidates **MUST** be located in the northeast with a preference for the tri-state area. Applications submitted for locations outside of the northeast will be screened out. Travel Required: Less than 10% Direct Reports: n/a Obsidian offers a competitive benefits package including: • Medical, dental, vision insurance • 401k retirement options (up to 4% match with immediate 100% vesting) • Group life, AD&D and short-term and long-term disability • Health Savings Accounts and Flexible Spending Accounts with $1,000 annual company match • Employee Assistance Program • 100% remote workforce, flexible schedule and paid holidays • Vacation and sick leave • Monthly work-from-home stipend • Annual professional development stipend • Company offsites to collaborate and have fun in person! The Reinsurance Accountant will lead accounting interactions with reinsurance partners including cessions, collateral management, and contingent calculations. This position will require a firm understanding of reinsurance accounting and ability to understand reinsurance contracts. If you are an experienced individual in the northeast looking to have a big impact within a growing, remote-first company, we invite you to apply! Responsibilities • Responsible for preparation of cession statements and remittance • Develop and maintain relationships with reinsurers and reinsurance brokers with regards to cessions/accounting • Assist with collateral monitoring and analysis including letter of credit and related funding requirements when necessary. • Responsible for the timely collection of receivables and payables to reinsurers/brokers • Actively participate in internal and/or external discussions on new/renewal reinsurance agreements • Execute controls accurately. • ·Responsible for calculation of adjustable features on collateral and commission arrangements, including contingent and sliding scale commission for direct and ceded business. • Prepare General Ledger Entries • Prepare Balance Sheet Reconciliations • Assist in preparation of Schedule F and other financial statements • Protect operations by keeping financial information and plans confidential • Additional duties as directed Qualifications • Bachelor’s degree in Accounting, Finance, or related field • 3+ years related insurance experience • Property and Casualty Insurance Program experience a plus • Strong knowledge of reinsurance accounting principles and practices • General ledger experience • Excellent analytical and problem-solving skills • Attention to detail and accuracy in financial data • Ability to work independently and remotely • Excellent written and verbal communication skills