Junior Facultative Reinsurance Accountant

Join Starr, a global leader in commercial insurance with over a century of expertise. We empower our employees to innovate, make impactful decisions, and build lasting client relationships worldwide. At Starr, you'll work in an entrepreneurial culture alongside accessible leaders, leveraging our financial strength and vast industry experience to deliver solutions for our clients, no matter how complex. Grow your career with a rapidly growing company that invests in its people and their ability to drive real progress.

Starr Insurance Companies is a global insurance and investment organization providing property and casualty insurance solutions to business and industry, and one of the fastest-growing insurance companies in the world.  Our talented and experienced associates manage risk and ultimately support the profitable growth of organizations in a dynamic, competitive and ever-changing marketplace. Join us and become part of our talented and passionate workforce.

Starr Companies is looking to hire a Junior Facultative Reinsurance

Position Summary

The Junior Facultative Reinsurance Accountant is responsible for supporting the administration, accounting, reporting, billing, collection, and reconciliation of facultative reinsurance transactions. This role works closely with Claims, Underwriting, Brokers, Reinsurers, Finance, and Reinsurance Accounting Management to ensure accurate ceded reinsurance recoverables, timely collections, and compliance with facultative reinsurance agreements.

Essential Duties and Responsibilities

·         Prepare and issue facultative reinsurance billings and collection requests.

·         Review facultative certificates, slips, binders, and contract documentation.

·         Analyze claims activity and calculate ceded recoverables.

·         Monitor outstanding balances and follow up on collections.

·         Investigate accounting discrepancies and cession errors.

·         Research and resolve unapplied cash transactions.

·         Maintain supporting documentation and claim files.

·         Support month-end close, audits, and management reporting.

·         Coordinate with Claims, Underwriting, Brokers, and Reinsurers.

Qualifications

·         Bachelor’s degree in Accounting, Finance, Business, Insurance, or related field preferred.

·         0–3 years of accounting, insurance, reinsurance, or finance experience.

·         Strong Excel and analytical skills.

·         Excellent communication and organizational skills.

Key Performance Indicators

·         Accuracy of billings and recoverable calculations.

·         Timely collection of reinsurance balances.

·         Resolution of reconciliations and cash items.

·         Compliance with accounting controls and audit requirements.

#LI-Onsite 

For individuals assigned and/or hired to work in New York, Starr Insurance Companies is required by law to include a reasonable estimate of the compensation range for this role. The wage range for this role takes into account the wide range of factors that are considered in making compensation decisions including but not limited to skill sets: experience and training: licensure and certifications: and other business and organizational needs. A reasonable estimate of the current range is $50,000-$70,000

Starr is an equal opportunity employer, which means we'll consider all suitably qualified applicants regardless of gender identity or expression, ethnic origin, nationality, religion or beliefs, age, sexual orientation, disability status or any other protected characteristic. We recruit and develop our people based on merit and we're committed to creating an inclusive environment for all employees. We offer first class training and development opportunities to all employees. Our aim is to grow our own talent and bring out the best in people.