Note: The job is a remote job and is open to candidates in USA. Lincoln Financial is a company that helps people confidently plan for their financial futures. They are seeking a Reinsurance Accounting Specialist to administer reinsurance treaties, communicate with third-party reinsurers, and ensure the integrity of accounting records for reinsurance transactions.
Responsibilities
- Performing reinsurance accounting activities, including preparing, classifying, recording, maintaining, and reconciling General Ledger accounts, sub-ledgers, and subsystems in compliance with accepted accounting policies and principles
- Preparing financial footnote information for SEC, GAAP, and statutory reporting
- Communicating to management on recognized trends of issues/concerns
- Communicating with third party reinsurers on identified discrepancies and resolving in a collaborative and timely fashion
- Promoting and enhancing organizational initiatives by positively influencing and supporting change management and/or departmental/enterprise initiatives
- Conducting and/or participating in accounting projects
- Providing accurate and timely reinsurance treaty administration which includes cash settlements and analyzing and validating data
- Conducting quality assurance checks on journal entries and posting to General Ledger accounts
- Determining classifications and recording financial transactions by applying accounting technique, standard practices, and accepted accounting policies and principles
- Researching and providing accounting impacts on new and existing reinsurance structures/transactions
- Ensuring the integrity of accounting records for completeness, accuracy, and compliance with accepted accounting policies and principles, internal controls, and SOX
- Identifying and communicating to management process improvements that reduce workloads or improve quality
- Identifying, researching, and resolving discrepancies or out of balance situations amongst assigned General Ledger accounts
- Maintaining knowledge on current and emerging developments/trends, assessing the impact, and collaborating with management to incorporate new trends and developments in current and future solutions
- Performing and delivering on routine assignments/projects while simultaneously leveraging and applying knowledge of his/her assigned area(s) of responsibility
- Carrying out duties in compliance with all state and federal regulations and guidelines. Complying with all company and site policies and procedures
- Making a positive contribution as demonstrated by making suggestions for improvement and continuing to learn new skills, procedures, and processes
- Performing other duties as required
Skills
- 2 - 4+ Years of experience in Accounting that directly aligns with the specific responsibilities for this position
- Bachelor's degree or equivalent work experience (4 years of experience in lieu of Bachelor's)
- Demonstrates excellent organizational skills with the ability to prioritize workload and multi-task while maintaining strict attention to detail
- Demonstrates solid project management skills, including the ability to coordinate and balance multiple projects in a time-sensitive environment, under pressure, and meeting deadlines
- Demonstrates the ability to use sound judgment and discretion regarding confidential information
- Ability to work with others in a team environment; demonstrates strong interpersonal skills with a collaborative style
- Finds common ground and can gain collaboration among management, colleagues and peers; can influence outcomes without directing or commanding
- Proficiency with Microsoft Office Suite (Word, Excel, PowerPoint, Outlook)
- Successfully completes regulatory and job training requirements
- CPA strongly preferred but not required
Benefits
- Clearly defined career tracks and job levels, along with associated behaviors for each of Lincoln's core values and leadership attributes
- Leadership development and virtual training opportunities
- PTO/parental leave
- Competitive 401K and employee benefits
- Free financial counseling, health coaching and employee assistance program
- Tuition assistance program
- Work arrangements that work for you
- Effective productivity/technology tools and training
- Annual Incentive Program, which is discretionary and based on the performance of the company, business unit and individual
- Other rewards may include long-term incentives, sales incentives and Lincoln’s standard benefits package
Company Overview