Residual Market Financial Analyst

About The Role

Join a team that plays an important role in supporting the financial integrity of the workers compensation residual market. As a Residual Market Financial Analyst, you’ll review quarterly servicing carrier cessions, analyze financial data, and support key accounting functions that help ensure accurate financial reporting across multiple reinsurance pools. If you enjoy detailed financial work, problem‑solving, and contributing to meaningful industry outcomes, this role offers a blend of challenge, learning, and impact.

Why You’ll Love This Role

• Impactful Financial Work: Support reinsurance pools and regulatory bodies by preparing accurate financial statements, reconciliations, and analyses. Your work directly contributes to transparency and financial equity within the residual market.
• Analytical Variety: From bank and account reconciliations to journal entries and intercompany cash analysis, you'll work across a wide range of accounting functions that keep each day interesting and engaging.
• Collaboration & Support: Partner with pool participants and administrators to answer questions, support special requests, and provide clear, helpful financial insights.
• Growth Through Projects: Take part as a lead or core team member on projects where you’ll analyze processes, recommend solutions, and present outcomes to management—great exposure for advancement.

What You’ll Do

• Analyze quarterly servicing carrier reports and prepare financial statements, exhibits, and supporting documentation for reinsurance pools and regulators
• Prepare reconciliations and analyses for multiple residual market reinsurance pools.
• Support pool participants by managing detailed financial analysis and responding to reporting inquiries.
• Perform accounting responsibilities, including journal entries, bank reconciliations, account reconciliations, and intercompany cash analysis.
• Provide financial documentation for external audits and regulatory examinations.
• Lead or support projects by evaluating processes, identifying issues, recommending solutions, and sharing results with management.

Qualifications

• Bachelor’s degree in a related field and 3 years of financial or accounting experience, or
• Bachelor’s degree in risk management with at least 2 years of accounting experience, or
• 7 years of financial or accounting experience (including financial statement preparation) in lieu of a degree.
• Strong Microsoft Office skills and general knowledge of accounting concepts. Intermediate understanding of insurance terminology.

Preferred Qualifications

• Working knowledge of Oracle accounting systems.
• Experience in the insurance industry—especially workers compensation or residual market operations.