Junior Facultative Reinsurance Accountant

Job Description

Junior Reinsurance Accountant | Starr

The Tone:
This is a full-time role at Starr, a global leader in commercial insurance with over a century of expertise. Starr is a global insurance and investment organization providing property and casualty insurance solutions to business and industry, known as one of the fastest-growing insurance companies in the world. This role is crucial for supporting the accurate administration, accounting, reporting, billing, collection, and reconciliation of facultative reinsurance transactions. The Junior Reinsurance Accountant will help ensure precise ceded reinsurance recoverables, prompt collections, and compliance with agreements, supporting the profitable growth of organizations by managing risk.

The TL;DR
• Role: Early Career
• Type: Full-time
• Location: Not specified in the listing
• Pay: $60000–$70000 yearly
• Team: Reinsurance Accounting Management
• Mission: Support the accurate administration, accounting, reporting, billing, collection, and reconciliation of facultative reinsurance transactions.
• Tech Stack: Excel

What You’ll Actually Do
• Billing & Collections: Prepare and issue facultative reinsurance billings and collection requests, then monitor outstanding balances and follow up on collections.
• Documentation Review: Examine facultative certificates, slips, binders, and contract documentation for accuracy.
• Calculations & Analysis: Analyze claims activity to accurately calculate ceded recoverables.
• Discrepancy Resolution: Investigate and resolve accounting discrepancies, cession errors, and unapplied cash transactions.
• Support & Coordination: Support month-end close activities, audits, and management reporting, coordinating with various internal and external stakeholders.

The Must-Haves
• Background: Entry-Level with core domain knowledge in accounting, finance, business, or insurance.
• Experience: 0–3 years of professional experience in accounting, insurance, reinsurance, or finance.
• Skills: Strong Excel proficiency, analytical capabilities, excellent communication, and strong organizational skills.
• Bonus: Bachelor’s degree in Accounting, Finance, Business, Insurance, or a related field.