Senior Reinsurance Accountant II at Pacific Life

Charlotte, North Carolina, United States

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Insurance, Reinsurance, Financial ServicesIndustries

Requirements

8+ years of experience in Reinsurance or Insurance Accounting and Financial Reporting
Proficiency with Microsoft Office, including Excel, Teams, Outlook, etc
Ability to manage multiple responsibilities under tight time frames
Excellent oral and written communication skills
Strong technical, analytical, and problem-solving skills
Strong organizational skills, ability to work well in deadline-driven environment
Strong accountability, customer focus, collaboration, and a team player
Comfortable with collaborating with all different levels of management

Responsibilities

Support the Reinsurance accounting and financial reporting function to fulfill monthly, quarterly, and annual deliverables and controls
Develop and provide concise, relevant, meaningful reporting and analysis to facilitate management’s review of the financial results
Communicate issues and the business impact to management
As a Reinsurance subject matter expert, contribute interpretation, advice, and perspective especially on highly technical subject matters
Prepare monthly and quarterly data validations and analysis to generate required journal entries to support both Statutory and GAAP ledgers
Responsible for end-to-end processes and calculations that support Reinsurance financial results
Prepare reporting deliverables to support annual regulatory filings, reinsurance settlements, and other Company initiatives
Perform review of financial results to evaluate reasonableness in the context of current business events and trends
Support relationships with internal and external customers, owning communication channels and fulfill requests
Collaborate with other departments and supporting external parties to resolve issues and develop long-term solutions
Execution and updating of Internal Control over Financial Reporting (ICFR) flowcharts and documentation for the department
Leading or participating in department or divisional projects as required
Providing audit support to internal and external auditors
Creating and reviewing process documentation and pursuing and performing process improvements for areas of responsibility
Understand, learn, and apply accounting and financial reporting principles, insurance and reinsurance knowledge, and general business acumen
Use best practices and knowledge of internal or external business issues to improve services and solve long-term problems
Independently tackle complex problems, applying ingenuity and creativity to develop solutions
Actively seek out and increase knowledge of systems, products, and the business
Proactively engage in knowledge sharing and peer training

Skills

Key technologies and capabilities for this role

Reinsurance AccountingFinancial ReportingStatutory AccountingGAAPJournal EntriesData ValidationFinancial Analysis

Questions & Answers

Common questions about this position

Is this a remote role or does it require office presence?

This is a hybrid role requiring on-site presence in the Charlotte, NC office.

What is the salary range for the Senior Reinsurance Accountant II position?

This information is not specified in the job description.

What key skills and expertise are required for this role?

The role requires reinsurance accounting subject matter expertise, knowledge of accounting and financial reporting principles, insurance and reinsurance knowledge, and skills in financial analysis, journal entries for Statutory and GAAP ledgers, and internal controls.

What is the team structure like for this position?

The role is on a small team of reinsurance accounting subject matter experts within the Corporate division, reporting into the broader Enterprise Accounting and Reporting group.

What makes a strong candidate for this Senior Reinsurance Accountant II role?

Strong candidates will have specialized reinsurance accounting expertise, the ability to handle end-to-end financial processes, provide meaningful analysis, and collaborate across teams while supporting audits and process improvements.

Pacific Life

About Pacific Life

Newport Beach, CaliforniaHeadquarters

1868Year Founded

$189.4MTotal Funding

N/ACompany Stage

Fintech, Financial ServicesIndustries

1,001-5,000Employees

Benefits

Health Insurance

Paid Vacation

Paid Parental Leave

Adoption Assistance

401(k) Retirement Plan

401(k) Company Match

Risks

Increased competition in annuities market from companies like Prudential and MetLife.

Potential financial exposure from significant real estate investments.

Integration challenges with Selerix could affect customer satisfaction.

Differentiation

Pacific Life partners with T. Rowe Price for innovative Lifetime Income solutions.

Recognized as a top community-minded company, enhancing brand reputation and trust.

Real-time integration with Selerix improves benefits administration accuracy and efficiency.

Upsides

Lifetime Income solution attracts clients seeking secure retirement options.

Enhanced annuity products offer flexibility and growth, increasing product attractiveness.

Strong real estate financing position opens more sector opportunities.

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