Senior Accountant

Mitsui Sumitomo Insurance · Warren Township · $85,000–$105,000 (stated in the posting)

MSIG USA continues to grow!

Company Overview:

MSIG USA is the US-based subsidiary of MS&AD Insurance Group Holdings, Inc., one of the world’s top P&C carriers and a global Class 15 insurer, with A+ ratings and a reach that spans 40+ countries and regions. Leveraging our 350-year heritage, MSIG USA brings the financial strength, expertise, and global footprint to offer commercial insurance solutions that address your business’s unique risks.

Participate in the compilation of Statutory financial statements and exhibits for three insurance companies in accordance with internal and external due dates. Acquire complete knowledge of the Corporation’s General Ledger and Annual Statement systems in order to take lead role in supporting these systems. Analyze results of operations and financial position and other key indicators. Responsible for resolving reinsurance issues and analysis. Support special projects and corporate initiatives.

Essential Functions:

Responsible for the accounting and reporting of both direct and program business for MSIG’s three insurance companies; this includes journal entry preparation, account reconciliations and researching and documenting all fluctuations.
Research and document all reinsurance matters. Perform quarterly reconciliation of reinsurance balance sheet accounts. Responsible for full understanding of reinsurance scheme in order to scrutinize reinsurance results and monitor open balances. Provide information to Treasury Department for accurate accounting on all reinsurance receipts.
Perform all accounting for Products Liability Third Party Administrator (PL TPA) claims unit including recording monthly journal entries and balance sheet reconciliations. Follow up on open balances with PL TPA unit members.
Complete quarterly reporting for parent company in Japan including Accreditation report and Letter of Credit estimation.
Handle all deductible accounting needed including loss conversion factor and nonadmitted calculations.
Preparation of regulatory reporting schedules for NAIC Annual Statement for three insurance companies including: notes to financial statements, general interrogatories, and Schedule P for assigned books of business.
Preparation of regulatory reporting schedules for NAIC Quarterly Statement for three insurance companies including: notes to financial statements, general interrogatories, and Part 3 for assigned books of business.
Complete assigned Asset Impairment Test documents for: aged ceded losses recoverable balances and PL TPA receivables
Participate in Financial Audits/Reviews with external auditors. Respond to all applicable audit requests timely and accurately.
Handle all assigned state annual statement filing requirements including state specific Special Schedule Ps.
Coordinate annual Ambest SRQ filing.
Perform annual Letter of Credit estimation for all applicable reinsurers.
Document and maintain all procedures documentation for assigned responsibilities.
Research, interpret and apply statutory literature to ensure compliance with regulatory requirements.
Responsible for in depth understanding and analysis of corporate results. Perform trend analysis, research and analyze issues of strategic significance and prepare financial models.
Responsible for the integrity of assigned balance sheet and income statement accounts through reconciliations
Act as backup for other accounting department functions.
Provide general support to department managers including reviewing staff members work, research and creating reports.
Provide special project support as needed.

Education and Experience Required:

Bachelors Degree in Accounting required
Minimum of 5 years of accounting experience required
Property and casualty insurance experience preferred


Salary: The base pay range is $85,000.00 - 105,000.00 per year. Salary determinations are based on various factors, including but not limited to, relevant work experience, skills, certifications and location.

Additional Benefits:
Healthcare and Retirement Benefits
Comprehensive medical, dental, and vision coverage
401(k) with a generous employer match and profit-sharing contribution
Wellness incentive program
Life and accidental death and dismemberment (AD&D) insurance
Flexible spending programs
Short-term and long-term disability plans

Additional Benefit Programs
Paid time off program
Paid charitable leave
Paid parental leave
Tuition reimbursement program
Personal insurance (auto/homeowners) discounts


It's an exciting time for our company and a great opportunity to join a financially sound and growing global insurance group!

It is the policy of MSIG USA to provide equal employment opportunity (EEO) to all persons regardless of age, color, national origin, citizenship status, physical or mental disability, race, religion, creed, gender, sex, sexual orientation, gender identity and/or expression, genetic information, marital status, status with regard to public assistance, veteran status, or any other characteristic protected by federal, state or local law. In addition, MSIG USA will provide reasonable accommodations for qualified individuals with disabilities.

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