We are Hiring!
Reinsurance Accounting Analyst
Location: La Jolla, CA or Remote (PST/CST)
Why choose Palomar?
Palomar is a rapidly growing and innovative insurer focused on providing specialty insurance to residential and commercial customers. Palomar welcomes self-motivated individuals to our thriving company. Guided by an entrepreneurial spirit, Palomar is building a dynamic and diverse team. Join a company built on a culture of agility, innovation and authenticity that delivers peace of mind and protection to individuals and businesses impacted by adversity. Want to learn more about our exciting journey? Go to plmr.com to learn more. Investor Relations – Palomar Holdings, Inc. (palomarspecialty.com)
The Details:
The Reinsurance Accounting Analyst will leverage existing month end close, reconciliation, and Account Payable/Receivable knowledge, combined with an interest to learn a complex new industry to contribute on preparation of complex journal entries, reinsurance settlements, and reconciliation. The candidate will build subject matter expertise in Facultative Reinsurance & reinsurance settlements with the support of the team. Process Improvement and Ownership: This position will support in the application of reinsurance agreements, settlement process, internal controls, and lead process improvement efforts.
What will you do? (Job Duties)
· Perform monthly and or quarterly closing procedures related to accounting for the reinsurance transactions, reconciliations, and analyses
· Compile and analyze monthly and quarterly financial information from other departments to ensure completeness and accuracy
· Maintain effective internal controls, support internal and external audits, and regulatory examinations
· Develop and implement standard reinsurance accounting models, with emphasis on efficient reconciliation to the General Ledger; lead process improvements and automation efforts related to monthly close processing.
· Build new and sustainable processes for booking and settling reinsurance.
· Responsible for appropriate and timely analysis, processing, billing, and collection with reinsurance partners, act as one of the points of contact for reinsurance intermediaries and reinsurers
· Become a reinsurance agreement subject matter expert across the full life cycle of the contract
· Perform reinsurance collateral analysis through partnership with internal and external stakeholders
What we are looking for: (Experience)
· Bachelor’s degree in accounting, Finance or a related field or the equivalent education and/or experience.
· 1-3 years of relevant accounting or finance experience within a property & casualty insurance environment
· Certified Public Accountant (CPA) eligible or designation, preferred.
· Advanced proficiency and experience using Microsoft Office package (Excel, Access, PowerPoint, Word)
We love people who want to:
· Build strong relationships through transparency, trust, and respect for each other.
· Work in an agile environment, with a resilient mindset to find creative solutions to challenges.
· Collaborate and celebrate diverse perspectives, promoting inclusivity and equality.
· Do the right thing with strong conviction and integrity.
· Be bold and innovative to help make an impact.
· If you thrive in a dynamic environment, and like working with happy, authentic, talented people, you’ll enjoy a career with Palomar!
· Zoom in and out between strategic and tactical
· Demonstrable track record of working autonomously and driving progress
· Be intellectually curious, think creatively, and pragmatic
· Be hands on with their team and roll up their sleeves
What will you get in return?
· Full Suite of Medical Benefits
· Long Term Financial Incentives: All team members receive company equity.
· 401k with 3.5% automatic fully vested Employer Contribution
· Competitive PTO + Holiday Program
· Hybrid Work Environment
· Professional Development Assistance
· Career Exploration Opportunities
· Regular company-wide social events (even virtually!)
· To learn more visit us at www.plmr.com
Diversity at Palomar
At Palomar, we are committed to diversity, equality, and inclusion in all facets of the organization. We have built an open culture that celebrates the diversity of our workforce, while actively championing equality and inclusion practices that make us a company people want to work with and work for.
We believe that diversity, equality, and inclusion yield greater organizational creativity and productivity, which helps us serve our customers and partners more effectively. Delivering on our diversity commitment returns greater value to our shareholders and ultimately makes a positive impact to the communities in which we do business and to the people who live in them.
Accommodations:
Palomar will consider reasonable accommodations to ensure a qualified applicant with a disability (both visible and invisible) can be considered for the position. Palomar will also consider necessary modifications to the physical work environment, or to the way a job is usually performed, so an individual with a disability can perform the essential functions of the position. Additional accommodations will be considered that enable an employee with a disability to enjoy equal benefits and privileges of employment like those that are enjoyed by other employees without disabilities.
For more information about our company, visit us at www.plmr.com. Palomar is an Equal Opportunity Employer.
No phone calls or agency solicitation please
Pay Range: $78,500 – $118,000.
The above pay range is for all US-based roles based on function and level, benchmarked against companies of similar size and scope. To be compliant with local legislation as well as provide greater transparency to candidates, we disclose salary ranges on all job postings regardless of the desired job location. We also offer a competitive annual discretionary bonus program and the opportunity for annual long-term incentive stock grants. In addition, we offer a highly competitive benefits package. Final offer amounts are determined by multiple factors, including candidate experience and qualifications, and may vary from the amounts listed above.
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