Reinsurance Accountant - National General

National General is a part of The Allstate Corporation, which means we have the same innovative drive that keeps us a step ahead of our customers’ evolving needs. We offer home, auto and accident and health insurance, as well as other specialty niche insurance products, through a large network of independent insurance agents, as well as directly to consumers.Job DescriptionJoin a dynamic Bermuda Class 3A insurer as our Reinsurance Accountant, where you’ll play a key role in managing all aspects of reinsurance accounting. This position offers the opportunity to work in a collaborative, fast-paced environment while ensuring the company’s financial integrity and regulatory compliance.You’ll be responsible for overseeing reinsurance accounting processes, maintaining full compliance with Bermuda Monetary Authority (BMA) regulations, and upholding internal control standards. In this role, you’ll also manage relationships with third-party service providers and vendors—driving accuracy in reporting, operational efficiency, and seamless regulatory adherence.If you’re detail-oriented, proactive, and eager to make an impact in the reinsurance industry, we’d love to hear from you.Reinsurance AccountingManage and reconcile assumed and ceded reinsurance treaties, including commutations and loss portfolio transfersPrepare quarterly and annual financial statements in accordance with US GAAP and Bermuda statutory requirementsMaintain precise and timely records of premiums, claims, and cash allocationsSupport the integration of acquired books of business and onboarding of new treatiesDevelop technical accounting memoranda and provide key support during external auditsCompliance & Regulatory ReportingEnsure timely and accurate submission of BSCR filings and all other Bermuda Monetary Authority (BMA) regulatory returnsMonitor compliance with the Insurance Act 1978 and associated prudential standards.Assist with stress and scenario testing in accordance with BMA requirementsMaintain thorough documentation of internal controls and risk management policiesPartner with compliance officers to ensure AML/ATF and other regulatory obligations are fully metVendor & Third-Party ManagementSupervise and review deliverables from third-party service providers, including claims handlers, brokers, and TPAsDefine performance metrics, conduct regular vendor reviews, and ensure adherence to service standardsCoordinate with vendors to drive timely claims processing and ensure data integrityNegotiate and manage service-level agreements, ensuring contractual complianceServe as the primary point of contact for finance-related vendor issues and escalationsCross-Functional CollaborationPartner closely with underwriting, actuarial, legal, and compliance teams to support business objectivesContribute to system enhancements and testing initiatives related to finance and reinsurance operationsProvide analytical support to senior management on portfolio performance, reinsurance strategy, and operational improvementsQualifications & Experience:Professional accounting designation (CPA, CA, ACCA)Minimum 3 years of experience in reinsurance accounting, preferably within Bermuda Class 3A or similar regulatory environmentsStrong understanding of US GAAP and Bermuda regulatory frameworksExperience managing vendors or third-party service providersProficiency in Excel and financial systems (e.g., SAP, Workday, or similar)This position is Hybrid, 3-4 days in Hamilton OfficeThis position requires you to reside in BermudaCompensationTBDJoining our team isn’t just a job — it’s an opportunity. One that takes your skills and pushes them to the next level. One that encourages you to challenge the status quo. One where you can shape the future of protection while supporting causes that mean the most to you. Joining our team means being part of something bigger – a winning team making a meaningful impact.Effective July 1, 2014, under Indiana House Enrolled Act (HEA) 1242, it is against public policy of the State of Indiana and a discriminatory practice for an employer to discriminate against a prospective employee on the basis of status as a veteran by refusing to employ an applicant on the basis that they are a veteran of the armed forces of the United States, a member of the Indiana National Guard or a member of a reserve component.For jobs in San Francisco, please click “here” for information regarding the San Francisco Fair Chance Ordinance.For jobs in Los Angeles, please click “here” for information regarding the Los Angeles Fair Chance Initiative for Hiring Ordinance.To view the “EEO Know Your Rights” poster click “here”. This poster provides information concerning the laws and procedures for filing complaints of violations of the laws with the Office of Federal Contract Compliance Programs.To view the FMLA poster, click “here”. This poster summarizing the major provisions of the Family and Medical Leave Act (FMLA) and telling employees how to file a complaint.It is the Company’s policy to employ the best qualified individuals available for all jobs. Therefore, any discriminatory action taken on account of an employee’s ancestry, age, color, disability, genetic information, gender, gender identity, gender expression, sexual and reproductive health decision, marital status, medical condition, military or veteran status, national origin, race (include traits historically associated with race, including, but not limited to, hair texture and protective hairstyles), religion (including religious dress), sex, or sexual orientation that adversely affects an employee's terms or conditions of employment is prohibited. This policy applies to all aspects of the employment relationship, including, but not limited to, hiring, training, salary administration, promotion, job assignment, benefits, discipline, and separation of employment.National General Holdings Corp., a member of the Allstate family of companies, is headquartered in New York City. National General traces its roots to 1939, has a financial strength rating of A– (excellent) from A.M. Best, and provides personal and commercial automobile, homeowners, umbrella, recreational vehicle, motorcycle, supplemental health, and other niche insurance products. We are a specialty personal lines insurance holding company. Through our subsidiaries, we provide a variety of insurance products, including personal and commercial automobile, homeowners, umbrella, recreational vehicle, supplemental health, lender-placed and other niche insurance products.Companies & PartnersDirect General Auto & Life, Personal Express Insurance, Century-National Insurance, ABC Insurance Agencies, NatGen Preferred, NatGen Premier, Seattle Specialty, National General Lender Services, ARS, RAC Insurance Partners, Mountain Valley Indemnity, New Jersey Skylands, Adirondack Insurance Exchange, VelaPoint, Quotit, HealthCompare, AHCP, NHIC, Healthcare Solutions Team, North Star Marketing, Euro Accident.BenefitsNational General Holdings Corp. is an Equal Opportunity (EO) employer – Veterans/Disabled and other protected categories. All qualified applicants will receive consideration for employment regardless of any characteristic protected by law. Candidates must possess authorization to work in the United States, as it is not our practice to sponsor individuals for work visas. In the event you need assistance or accommodation in completing your online application, please contact NGIC main office by phone at (336) 435-2000.