Reinsurance Accountant

Markel Corporation Richmond , VA 23234

Posted 7 days ago

Company Information:

What we look for

Our exceptional and motivated employees are our greatest strength. Our employees provide the highest level of

customer service and help maintain our position as a leader in the global marketplace.

Markel Style

The Markel Style is what makes us stand out from our competitors. It's our core value which should underpin how we do business, while influencing our behavior and performance. We are looking for people who have potential and share our passion to live the Markel Style, which is described in more detail below.

If you think you have these core attributes we want to hear from you.

Job Summary:

Responsible for the accurate cession processing, accounting, administration, and regulatory reporting of Markel's ceded reinsurance portfolio. This position reports to the Manager, Supervisor, or Director of Reinsurance Accounting.

Job Responsibilities

  • Participate in ensuring the accuracy and timeliness of monthly and quarterly accounting functions including cession analysis, manual reinsurance calculations, and intermediary and reinsurer reporting

  • Prepare adjusting journal entries and perform monthly general ledger closings and reporting deliverables

  • Perform account reconciliations including identification and remediation of all issues in compliance with SOX control requirements

  • Research and interpret reinsurance treaty contract language pertaining to accounting contractual requirements

  • Adhere to all SOX controls and maintain and follow all department processes and procedures.

  • Assist with internal and external audit review as needed

  • Assist with systems integration and testing as needed

  • Work closely with other functional areas (i.e. Reinsurance Placement, Actuarial, Underwriting, Claims, and Operational Accounting & Reporting) to resolve issues and support achievement of business goals

  • Collaborate with teammates to identify, design, and implement process improvements for greater efficiency and effectiveness.

  • Assist with ad-hoc requests and other strategic accounting and business projects as they arise


  • Bachelor's degree in Finance or Accounting (preferred)


  • Certified Public Accountant (CPA) licensing a plus
  • ARe designation a plus

Work Experience

  • 1-3 years of accounting experience

  • Experience in reinsurance accounting a plus

  • Experience with Oracle and Cognos a plus

Skill Sets

  • Ability to work in a team environment

  • Strong computer skills including a high degree of proficiency within Excel

  • Research, analytical and problem solving skills

  • Detail-oriented with strong organizational skills

  • Ability to work on multiple projects simultaneously under tight deadlines

  • High degree of flexibility and responsiveness to change

  • Strong written and oral communication skills

  • Strong desire for continuous improvement

"Why work for us?"

Diversity and inclusion

Markel is truly a global and diverse company. We believe that diversity makes us better business partners and that embracing people's differences can bring amazing results and fuel innovation. We have a portfolio of businesses and product lines that operate around the world.

Community involvement

Markel has a rich heritage of supporting communities across the world where our customers and employees live and work. Giving back is part of our history and our future. Our employees share in this philosophy through volunteering, mentoring and fundraising.

Commitment to open doors

Markel is committed to creating the best work environment. Our open-door policy is essential in recognizing business issues as they rise and to address the changing needs of our diverse and global workforce. Challenging management is a component of the Markel Stylesome of our best ideas start from a conversation between a manager and an employee.

Entrepreneurial spirit

As the Markel Style states, we pursue excellence, strive for a better way, and share the success of others. Markel associates proactively seek new business opportunities, bringing further success to Markel.

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Reinsurance Accountant

Markel Corporation