Reinsurance Accountant II
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Overview
Schedule
Part-time
Education
CPA
Career level
Senior-level
Remote
Hybrid remote
Compensation
$70,000-$85,000/year
Benefits
Health Insurance
Dental Insurance
Vision Insurance
Job Description
The work we do has an impact on millions of lives, and you can be a part of it.
We help protect our customers against life’s uncertainties. Regardless of where you work within the company, you’ll be helping provide protection and peace of mind when our customers need it most.
Protective is seeking a Reinsurance Accounting Analyst II to join our Reinsurance Accounting team. This role is responsible for supporting the accounting and reporting activities for multiple coinsurance and reinsurance partners while ensuring the accuracy and integrity of financial results. The position plays a key role in monthly, quarterly, and annual close processes through the preparation of journal entries, account reconciliations, settlement statements, and reporting packages.
The ideal candidate combines a strong accounting foundation with excellent analytical and communication skills. This individual will partner with internal business teams, external reinsurance partners, and auditors while contributing to process improvement and automation initiatives through tools such as SAP, Excel, Power Query, Power Automate, Power BI, and Microsoft Copilot. This is an excellent opportunity for an accounting professional seeking exposure to life insurance and reinsurance accounting in a collaborative and evolving environment.
This is a Hybrid role which reports to the office 3 times a week.
Key Responsibilities:
- Prepare and record monthly and quarterly accounting activity for assigned coinsurance and reinsurance agreements.
- Complete monthly, quarterly, and annual deliverables, including settlement statements, reporting packages, journal entries, and account reconciliations.
- Analyze financial results and trends, investigate variances, and provide clear explanations and supporting documentation.
- Partner with accounting, actuarial, valuation, business systems, and reinsurance administration teams to resolve issues and improve reporting accuracy.
- Support the implementation of accounting processes for new acquisitions and reinsurance treaties.
- Serve as a primary contact for internal stakeholders, external reinsurance partners, and auditors.
- Support quarterly and annual audit activities by providing requested documentation and responding to inquiries.
- Assist with statutory reporting requirements, including Schedule S and related exhibits as assigned.
- Identify opportunities to improve efficiency and automate recurring processes using Excel, Power Query, Power Automate, SAP, and Microsoft Copilot.
- Maintain process documentation and job aids to support operational excellence and knowledge sharing.
- Cross-train with team members to enhance business continuity and support critical deliverables.
- Perform additional accounting and financial analysis responsibilities as needed
Core Competencies (Skills, Knowledge and Abilities):
- Strong understanding of general accounting principles and financial reporting concepts.
- Ability to analyze large data sets, identify trends, and investigate complex variances.
- Advanced proficiency in Microsoft Excel, including data analysis and reporting.
- Demonstrated interest in process automation, continuous improvement, and technology-driven solutions.
- Strong organizational and time management skills with the ability to manage multiple deadlines.
- Ability to work independently while collaborating effectively across teams.
- Excellent verbal and written communication skills with the confidence to interact with external business partners.
- High attention to detail and commitment to accuracy.
- Strong critical thinking and problem-solving capabilities.
- Adaptability and willingness to learn complex insurance and reinsurance accounting concepts
Minimum Requirements
- Bachelor's degree in Accounting.
- Minimum of 3 years of accounting experience in public accounting, corporate accounting, insurance accounting, or a related field.
- Experience preparing journal entries, account reconciliations, and financial reporting deliverables.
- Strong analytical and problem-solving skills.
- Proficiency in Microsoft Excel and Microsoft 365 applications.
- Demonstrated ability to manage multiple priorities and meet established deadlines.
- Strong interpersonal and communication skills.
- Ability to work independently and as part of a collaborative team.
Preferred Qualifications
- Experience within the life insurance, annuity, reinsurance, or broader financial services industry.
- Familiarity with coinsurance and reinsurance treaty structures.
- Experience working with SAP, including general ledger and reporting functionality.
- Experience using Power Query, Power Automate, Power BI, and/or Microsoft Copilot.
- Knowledge of GAAP and Statutory accounting principles.
- Experience supporting Schedule S reporting and regulatory filings.
- Familiarity with reinsurance administration systems such as TAI or similar platforms.
- CPA designation or progress toward CPA certification.
Protective’s targeted salary range for this position is $70,000 to $85,000. Actual salaries may vary depending on factors, including but not limited to, job location, skills, and experience. The range listed is just one component of Protective’s total compensation package for employees.
The internal title for this role is Analyst II General Accounting. #LI-AP1
Employee Benefits:
We aim to protect the wellbeing of our employees and their families with a broad benefits offering. In addition to offering comprehensive health, dental and vision insurance, we support emotional wellbeing through mental health benefits and an employee assistance program. Work/life balance is important and Protective offers a variety of paid time away benefits (e.g., paid time off, paid parental leave, short-term disability, and a cultural observance day). The financial health of our employees is just as important as physical and emotional health. Some of the financial wellbeing benefits include contributions to healthcare accounts, a pension plan, and a 401(k) plan with Company matching. All employees are encouraged to protect their overall wellbeing by engaging in ProHealth Rewards, Protective’s platform to improve wellbeing while earning cash rewards.
Eligibility for certain benefits may vary by position in accordance with the terms of the Company’s benefit plans.
Accommodations for Applicants with a Disability:
If you require an accommodation to complete the application and recruitment process due to a disability, please email eric.hess@protective.com. This information will be held in confidence and used only to determine an appropriate accommodation for the application and recruitment process.
Please note that the above email is solely for individuals with disabilities requesting an accommodation. General employment questions should not be sent through this process.
We are proud to be an equal opportunity employer committed to being inclusive and attracting, retaining, and growing an inclusive workforce.
Automate your job search with Sonara.
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FAQs About Reinsurance Accountant II Jobs at Protective
What is the work location for this position at Protective?
This job at Protective is located in Birmingham, AL, according to the details provided by the employer. Some roles may also include multiple work locations depending on the requirement.
What pay range can candidates expect for this role at Protective?
Candidates can expect a pay range of $70,000 and $85,000 per year.
What employment applies to this position at Protective?
Protective lists this role as a Part-time position.
What experience level is required for this role at Protective?
Protective is looking for a candidate with "Senior-level" experience level.
What education level is required for this job?
The education requirement for this position is CPA. Candidates with relevant qualifications or equivalent experience may also be considered.
What benefits are offered by Protective for this role?
Protective offers following benefits: Health Insurance, Dental Insurance, Vision Insurance, Disability Insurance, Paid Holidays, Paid Vacation, Parental and Family Leave, 401k Matching/Retirement Savings, and Health & Wellness Programs for this position. Actual benefits may vary depending on the employer's policies and employment terms.
What is the process to apply for this position at Protective?
You can apply for this role at Protective either through Sonara's automated application system, which helps you submit applications 10X faster with minimal effort, or by applying manually using the direct link on the job page.