Reinsurance Clerk jobs in Concord, NC

Head of Reinsurance Accounting

At Equitable, our power is in our people.

We're individuals from different cultures and backgrounds. Those differences make us stronger as a team and a force for good in our communities. Here, you'll work with dynamic individuals, build your skills, and unleash new ways of working and thinking. Are you ready to join an organization that will help unlock your potential?

The base salary range for this position is $154,000-$235,000. Actual base salaries vary based on skills, experience, and geographical location. In addition to base pay, Equitable provides compensation to reward performance with base salary increases, spot bonuses, and short-term incentive compensation opportunities. Eligibility for these programs depends on level and functional area of responsibility.

For eligible employees, Equitable provides a full range of benefits. This includes medical, dental, vision, a 401(k) plan, and paid time off. For detailed descriptions of these benefits, please reference the link below.

Equitable Pay and Benefits: Equitable Total Rewards Program

The Head of Reinsurance Accounting is a multi-faceted role with focused attention on staffing and developing the Reinsurance Accounting team.

Additional focus includes providing oversight of both the Ceded and Assumed Life Reinsurance portfolios, including compliance with all policy provisions, reinsurance contract provisions, and regulatory and compliance requirements. Develops and maintains subject matter expertise and advises business, management, and relevant third parties on business issues. Maintains relationships with internal and external stakeholders, including reinsurance business partners, regulators, and TPA's.

A successful candidate must be skilled at working in a matrixed organization and have a strong track record of developing and leading teams. Familiarity with Agile methodology is a plus.

Responsibilities include, but are not limited to:

• Staffing & development of the Reinsurance Accounting chapter: including recruiting, coaching, mentoring, and check-ins to provide quarterly and year-end performance feedback
• Manage annual compensation and off cycle promotion opportunities for the team
• Work closely with squads, coaches, and other key stakeholders to successfully deliver on objectives and key results (OKRs) to ensure proper alignment of resources and skills
• Maintain open lines of communication with Product Owners (PO’s) and other key stakeholders, including strong partnership in prioritization of enterprise and cross-team related accounting initiatives
• Reports results and offers feedback and recommendations on business issue resolution while Identifying opportunities for improvement and making suggestions for change
• Belief in a non-hierarchical culture of collaboration, transparency, safety, and trust
• Readiness to empower others to fail, learn, and grow
• Willingness to “roll up the sleeves” and to go outside your comfort zone to learn, and push teams to do the same
• Supervises a team onshore and offshore to perform monthly, quarterly, and annual accounting close
• Ensures effective controls over SOX and MAR compliance.
• Ensures efficient & timely closeout of external audit requests through strong partnership with external and Internal auditors
• Oversees projects and financial analysis for various accounting, product, and reinsurance initiatives.
• Oversees system and design projects, including major conversion of accounting platforms.
• Works with business, finance and IT management and team members to evaluate and implement process improvement initiatives

• Knowledge of US GAAP and IFRS financial reporting for publicly traded companies
• Strong knowledge of the various forms of both ceded and assumed reinsurance transactions.
• Experience in life and annuity reinsurance, including co-insurance, modified coinsurance, funds withheld structures, internal and external treaties.
• Ability to operationalize technical GAAP and Statutory accounting requirements.
• Oversee transactional and administrative interactions with reinsurance companies, including periodic reinsurance settlements. Maintain strong working relationships with external partners.
• Familiarity with Sarbanes-Oxley controls and compliance
• Hands on experience with Investment Accounting and profitability analysis
• Experience with life reinsurance and utilization of capital
• Extensive knowledge of Auditing and financial controls
• Technical accounting research for complex transaction analysis
• Financial project management and process improvement
• Leadership and team development
• Management reporting for strategic decision-making

Key Skills

• Communicating Complex Concepts

• Problem Solving

• Accuracy and Attention to Detail.

• Coaching Others

• Diversity, Equity and Inclusion

ABOUT EQUITABLE

At Equitable, we’re a team of over ten thousand strong; committed to helping our clients secure their financial well-being so that they can pursue long and fulfilling lives.

We turn challenges into opportunities by thinking, working, and leading differently – where everyone is a leader. We encourage every employee to leverage their unique talents to become a force for good at Equitable and in their local communities.

We are continuously investing in our people by offering growth, internal mobility, comprehensive compensation and benefits to support overall well-being, flexibility, and a culture of collaboration and teamwork.

We are looking for talented, dedicated, purposeful people who want to make an impact. Join Equitable and pursue a career with purpose.

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Equitable is committed to providing equal employment opportunities to our employees, applicants and candidates based on individual qualifications, without regard to race, color, religion, gender, gender identity and expression, age, national origin, mental or physical disabilities, sexual orientation, veteran status, genetic information or any other class protected by federal, state and local laws.

NOTE: Equitable participates in the E-Verify program.

If reasonable accommodation is needed to participate in the job application or interview process or to perform the essential job functions of this position, please contact Human Resources at (212) 314-2211 or email us at TalentAcquisition@equitable.com.