Head of Group Reinsurance Accounting

Reporting to the Group Chief Financial Officer, with a dotted line to the Chief Accounting Officer, the Head of Group Reinsurance Accounting is a senior finance leader responsible for the integrity of financial reporting and control environment for the Group’s reinsurance business. This role leads a team of reinsurance accountants and analysts, manages the quarterly reinsurance financial reporting close process and related internal controls, including technical reinsurance accounting processed by an offshore BPO service, and serves as a key advisor to senior management. The role will work closely with underwriters, underwriting services and actuarial teams to identify areas for process improvement. The position requires deep P&C reinsurance expertise, strong leadership capability, and the ability to operate effectively in a fast paced, SEC listed environment. Key Responsibilities

Responsibilities include (but not limited to)

Financial Reporting & Close

• Provide steady, hands on leadership to the reinsurance accounting team, owning the quarterly close and all related reporting deliverables while setting clear expectations, direction, and accountability.
• Deliver timely consolidated underwriting results in compliance with US GAAP and collaborate closely with the Chief Accounting Officer on external reporting outputs (SEC filings, financial statements, disclosures).
• As a control owner, maintain and establish key accounting controls and procedures throughout the process and provide quarterly SOX certification.

Technical Reinsurance Accounting

• Coach and develop the technical accounting team (local and offshore), build strong capability, confidence, and ownership across the reinsurance accounting function.
• Oversee the team’s analytical review of the Group’s premium estimates (proportional and non-proportional), loss reserving, and retrocession programs.
• Collaborate closely with the Head of Reserving and Chief Actuary on the quarterly loss ratio changes for the Group’s underwriting portfolio, including attendance at the Reserving Committee
• Collaborate with FP&A in reviewing the Group’s quarterly underwriting performance, including communication to senior management.
• Interpret complex technical reinsurance transactions and ensure accurate accounting and reporting.
• Oversee the risk transfer review performed by the reinsurance accounting team.

Credit Control and Cash Pairing

• Lead and oversee group-wide credit control processes for reinsurance transactions, ensuring timely collection of reinsurance recoverables and settlement of payables.
• Implement and monitor robust cash pairing procedures for all reinsurance transactions across the group, ensuring accurate matching of cash receipts and payments to underlying reinsurance contracts.
• Work closely with treasury and operations teams to resolve discrepancies and optimize cash flow management related to reinsurance activities.
• Develop and maintain group-wide policies and procedures for credit control and cash pairing, ensuring compliance with internal controls and external regulatory requirements.

Other

• Contribute to the Group’s Finance Transformation project to further optimize operating efficiencies, automation of processes and potential use of Gen AI.
• Manage and oversee the SICs system managers. Collaborate with any system implementation or upgrades relating to the Group’s reinsurance accounting system (SICS).
• Oversee the preparation of the annual CIMA regulatory filing for the Cayman-based subsidiary.

Candidate Profile General Requirements

Required

• An accounting qualification from a recognized accounting body (e.g. CA, CPA, ACCA).
• At least 12–15 years’ experience within insurance/reinsurance, including significant senior Finance leadership experience.
• Demonstrated leadership of high-performing finance teams and experience working within a global matrixed environment.
• Proven experience working with Boards, Audit Committees, and senior executives.
• Strong experience in regulatory and financial reporting frameworks (e.g., US GAAP, Solvency II or equivalent regimes).
• Advanced analytical capability including Excel and data tools such as Power BI / Power Query, with ability to translate insights for senior stakeholders.
• Experience with reinsurance systems (SICS), Sage Intaact and enterprise reporting tools.
• Ability to operate in a fast-paced, deadline-driven environment. Dedication to meet quarter-ends and year-end deadlines, including overtime as needed.

Salary: US$190,000 – US$225,000 per annum (commensurate with experience and qualifications) Benefits Include: Full health insurance coverage for the employee, statutory pension contributions paid by the employer, life and disability insurance, relocation allowance (if applicable), eligibility to participate in the company STIP/LTIP plans, 25 days annual leave. Working hours – 40 per week. For more details about Greenlight Re, please visit: https://www.greenlightre.com