RenaissanceRe
Accounting Operations Specialist
RenaissanceRe, New York, New York, us, 10261
RenaissanceRe is a leading writer of Property & Casualty Reinsurance. For over 25 years, we have helped customers and communities recover and build resilience through our industry-leading ability to understand risk, source efficient capital and rapidly pay claims.
Our global team shares a passion for solving our customers' biggest problems through a collaborative and entrepreneurial culture that empowers employees and rewards creative thinking.
About RenaissanceRe
For over three decades, RenaissanceRe has helped its clients manage the risks of operating in a volatile and uncertain world. We're experts in Property, Casualty, Specialty, and Credit reinsurance, consistently recognized for the innovative way we combine data, experience and technology to understand and manage large and complex risks across the world. We are also a business with a real social purpose - we help protect communities around the globe and enable prosperity for all. Our purpose drives us forward every day as we seek solutions to some of the world's most complicated challenges. To learn more, please visit us at Careers - RenaissanceRe (renre.com).
About Global Operations
The Global Operations team is responsible for overseeing and processing reinsurance contracts for the life of the contract, including recording new contracts, booking premiums and losses, and receiving and paying cash. The team supports and works closely with underwriters, finance, claims, and reserving, among other departments, to ensure complete and accurate representation of contracts. Global Operations is comprised of roughly 100 professionals based primarily in New York, London, and Bermuda. We strive to break down silos by operating as a global team with global processes. Global Operations is focused on increasing scalability through digitalization, automation, and streamlining processes to enable continued excellence in delivering to our clients, partners, stakeholders, and employees.
About the Position
Reporting to the VP, Manager - Accounting Operations, the Specialist will be responsible for supporting the Global Operations team and providing oversight to processes and controls within the team. They will partner and work closely with Reinsurance Accounting to support financial reporting requirements and to define, implement and execute global processes and SOX controls. Additionally, they will have a key role in developing and scoping out a growing function within our global Operations and Finance area.
This role participates in projects to enhance the efficiency and effectiveness of processes and reporting requirements in an increasingly complex environment, including leading smaller projects or work streams within larger projects. The Specialist will have close interaction across multiple areas of the business including the Reinsurance Finance, Finance, Claims, Reserving and Underwriting teams to add value across related areas.
Principal Accountabilities: Work with relevant partners to ensure accuracy of transactions and financial reporting. Help prepare and review detailed analysis and monthly/quarterly reconciliations, including reconciliation of the reinsurance accounting system and underwriting system. Communicate with internal and external auditors. Ensure proper and timely execution of SOX 404 compliance activities. Assist with technical analysis of reinsurance contracts and ensure accurate representation in reinsurance accounting platform, SICS. Participate in on-going refinement/improvements of operations and financial accounting processes including management financial reporting enhancements and other initiatives as required. Assist with monthly close of the reinsurance systems and other corporate close processes. Oversight of quota share bordereaux reporting including actual vs. expected analyses and review of EPIs. Liaise with and provide support to the Operations, Underwriting, Reserving, Claims and Finance teams as needed. Support IT teams with information system enhancement and user acceptance testing. Management of bound deals in the underwriting system, workflow creation and management to ensure all deals exported to SICS. Oversight of reconciliations between the underwriting system and SICS to ensure accuracy and completeness of data captured in SICS. Support for booking complex transactions (PC, Commissions, Portfolio Transfers, Swing Rates, Funds Held, AP's, NCB, etc.). Qualifications:
Bachelors or university degree required. Professional accounting designation preferred (e.g. CA, ACA, CPA). 5+ years relevant prior experience Ideally Big Four (re)insurance audit experience. Experience with public companies and SOX 404 preferred. Excellent verbal and written communication skills. Strong operational excellence mindset and drive for continuous improvement. Savvy with technology, and high proficiency in Microsoft Office (Word, Excel, PowerPoint). Excellent analytical and communication skills to garner immediate credibility both inside and outside the organization. Leadership Competencies & Values:
Impact: Sets objectives, delivers results, and implements policies/operational targets with direct impact on the department or individual work outcomes Execution: Proactively identifies actions needed to achieve objectives, effectively balancing tactical pressures with broader implications and downstream impact Communication: Shares relevant information in a timely manner with stakeholders and conveys points of view in a way that influences opinions and demonstrates flexibility Client and solutions focus: Identifies process opportunities that enhance the internal experience and outcomes Innovation: Stretches self and others to think differently and innovatively, drawing upon multiple sources for ideas and inspiration Learning mindset: Seeks out and explores new assignments, exposure, or challenges to enhance technical skills Values: Exemplifies and champions RenaissanceRe's core values of Focus, Respect, Integrity, Precision, Passion
We believe that meeting these requirements will position you for success in the role. However, if you fulfill most - but not all - of the expectations, we still encourage you to apply, as we are eager to explore your potential and believe in the ability to grow and learn.
At RenaissanceRe, we believe in creating a workplace culture that fosters diversity, equity, and inclusion throughout our business. We have a zero-tolerance policy for harassment and discrimination and take proactive steps to make employees feel valued and empowered to contribute to our collective success. It is RenaissanceRe's policy to ensure equal employment opportunity without discrimination or harassment based on race, color, religion, sex (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity or expression, age, disability, national origin, marital or domestic/ civil partnership status, genetic information, citizenship status, uniformed service member or veteran status, or any other characteristic protected by law.
The full-time base salary range for this position is $100,000 - $120,000 per year; base salary offered may vary based on job-related knowledge, skills, and experience. The position is eligible for bonus and a comprehensive benefits package. This information is provided per the New York City Human Rights Law and applies only to positions in New York City.
Our people are our most valuable resource and core to our success. This is a fast-paced business environment, demanding a strong work ethic and a results-oriented approach. We offer competitive compensation and benefits, a comprehensive talent development program, and a reward system in which employees share in the success of the company. We are an engaged member of the communities in which we live and work and have a locally-led giving philosophy with generous employee matching program, global and local community grants and employee volunteerism.
We seek diversity, create equity, and practice inclusion. Our people are at the heart of everything we do. We are an equal opportunity employer. We provide equal opportunity to all qualified individuals regardless of race, color, religion, national origin, sex, sexual orientation, gender identity, marital status, pregnancy, disability, military status or other legally protected categories.
Our global team shares a passion for solving our customers' biggest problems through a collaborative and entrepreneurial culture that empowers employees and rewards creative thinking.
About RenaissanceRe
For over three decades, RenaissanceRe has helped its clients manage the risks of operating in a volatile and uncertain world. We're experts in Property, Casualty, Specialty, and Credit reinsurance, consistently recognized for the innovative way we combine data, experience and technology to understand and manage large and complex risks across the world. We are also a business with a real social purpose - we help protect communities around the globe and enable prosperity for all. Our purpose drives us forward every day as we seek solutions to some of the world's most complicated challenges. To learn more, please visit us at Careers - RenaissanceRe (renre.com).
About Global Operations
The Global Operations team is responsible for overseeing and processing reinsurance contracts for the life of the contract, including recording new contracts, booking premiums and losses, and receiving and paying cash. The team supports and works closely with underwriters, finance, claims, and reserving, among other departments, to ensure complete and accurate representation of contracts. Global Operations is comprised of roughly 100 professionals based primarily in New York, London, and Bermuda. We strive to break down silos by operating as a global team with global processes. Global Operations is focused on increasing scalability through digitalization, automation, and streamlining processes to enable continued excellence in delivering to our clients, partners, stakeholders, and employees.
About the Position
Reporting to the VP, Manager - Accounting Operations, the Specialist will be responsible for supporting the Global Operations team and providing oversight to processes and controls within the team. They will partner and work closely with Reinsurance Accounting to support financial reporting requirements and to define, implement and execute global processes and SOX controls. Additionally, they will have a key role in developing and scoping out a growing function within our global Operations and Finance area.
This role participates in projects to enhance the efficiency and effectiveness of processes and reporting requirements in an increasingly complex environment, including leading smaller projects or work streams within larger projects. The Specialist will have close interaction across multiple areas of the business including the Reinsurance Finance, Finance, Claims, Reserving and Underwriting teams to add value across related areas.
Principal Accountabilities: Work with relevant partners to ensure accuracy of transactions and financial reporting. Help prepare and review detailed analysis and monthly/quarterly reconciliations, including reconciliation of the reinsurance accounting system and underwriting system. Communicate with internal and external auditors. Ensure proper and timely execution of SOX 404 compliance activities. Assist with technical analysis of reinsurance contracts and ensure accurate representation in reinsurance accounting platform, SICS. Participate in on-going refinement/improvements of operations and financial accounting processes including management financial reporting enhancements and other initiatives as required. Assist with monthly close of the reinsurance systems and other corporate close processes. Oversight of quota share bordereaux reporting including actual vs. expected analyses and review of EPIs. Liaise with and provide support to the Operations, Underwriting, Reserving, Claims and Finance teams as needed. Support IT teams with information system enhancement and user acceptance testing. Management of bound deals in the underwriting system, workflow creation and management to ensure all deals exported to SICS. Oversight of reconciliations between the underwriting system and SICS to ensure accuracy and completeness of data captured in SICS. Support for booking complex transactions (PC, Commissions, Portfolio Transfers, Swing Rates, Funds Held, AP's, NCB, etc.). Qualifications:
Bachelors or university degree required. Professional accounting designation preferred (e.g. CA, ACA, CPA). 5+ years relevant prior experience Ideally Big Four (re)insurance audit experience. Experience with public companies and SOX 404 preferred. Excellent verbal and written communication skills. Strong operational excellence mindset and drive for continuous improvement. Savvy with technology, and high proficiency in Microsoft Office (Word, Excel, PowerPoint). Excellent analytical and communication skills to garner immediate credibility both inside and outside the organization. Leadership Competencies & Values:
Impact: Sets objectives, delivers results, and implements policies/operational targets with direct impact on the department or individual work outcomes Execution: Proactively identifies actions needed to achieve objectives, effectively balancing tactical pressures with broader implications and downstream impact Communication: Shares relevant information in a timely manner with stakeholders and conveys points of view in a way that influences opinions and demonstrates flexibility Client and solutions focus: Identifies process opportunities that enhance the internal experience and outcomes Innovation: Stretches self and others to think differently and innovatively, drawing upon multiple sources for ideas and inspiration Learning mindset: Seeks out and explores new assignments, exposure, or challenges to enhance technical skills Values: Exemplifies and champions RenaissanceRe's core values of Focus, Respect, Integrity, Precision, Passion
We believe that meeting these requirements will position you for success in the role. However, if you fulfill most - but not all - of the expectations, we still encourage you to apply, as we are eager to explore your potential and believe in the ability to grow and learn.
At RenaissanceRe, we believe in creating a workplace culture that fosters diversity, equity, and inclusion throughout our business. We have a zero-tolerance policy for harassment and discrimination and take proactive steps to make employees feel valued and empowered to contribute to our collective success. It is RenaissanceRe's policy to ensure equal employment opportunity without discrimination or harassment based on race, color, religion, sex (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity or expression, age, disability, national origin, marital or domestic/ civil partnership status, genetic information, citizenship status, uniformed service member or veteran status, or any other characteristic protected by law.
The full-time base salary range for this position is $100,000 - $120,000 per year; base salary offered may vary based on job-related knowledge, skills, and experience. The position is eligible for bonus and a comprehensive benefits package. This information is provided per the New York City Human Rights Law and applies only to positions in New York City.
Our people are our most valuable resource and core to our success. This is a fast-paced business environment, demanding a strong work ethic and a results-oriented approach. We offer competitive compensation and benefits, a comprehensive talent development program, and a reward system in which employees share in the success of the company. We are an engaged member of the communities in which we live and work and have a locally-led giving philosophy with generous employee matching program, global and local community grants and employee volunteerism.
We seek diversity, create equity, and practice inclusion. Our people are at the heart of everything we do. We are an equal opportunity employer. We provide equal opportunity to all qualified individuals regardless of race, color, religion, national origin, sex, sexual orientation, gender identity, marital status, pregnancy, disability, military status or other legally protected categories.