Senior Reinsurance Accountant

At MGIC, we take pride in knowing that what we do matters. As pioneers of private mortgage insurance, we help people achieve homeownership sooner - making affordable low-down-payment mortgages a reality. Our efforts have helped more than 14 million people get the keys to their own homes sooner than otherwise possible. Every position is critical to our company's success - from the analytical to the technical; from the innovative to the operational. The customer-facing roles to behind-the-scenes experts, we're all part of one team. We're an organization with a national footprint that's large enough to never lack for a new challenge, but small enough for an opportunity to make an impact and influence decisions. Come make a difference at MGIC.

This position is based in Milwaukee, WI. Hybrid environment 3 days in office, 2 days remote.

How will you make an impact?

As a senior accountant, you will be a part of the Reinsurance team that is responsible for monitoring, managing, and reporting on our reinsurance agreements, as well as providing analytical information to Finance leaders to aid in their decision-making processes. 

This is accomplished by:

• Being responsible for all processes related to the cession and assumption of premium and/or losses in compliance with MGIC’s reinsurance programs

• Generating monthly and quarterly reports for analysis of reinsurance premiums, losses, and exposure, etc. for use by management and reinsurers

• Obtaining an understanding of the reinsurance system. Providing assistance as needed on any enhancements or upgrades to the reinsurance system

• Obtain an understanding of MGIC’s reinsurance function and its relation to other departments as well as understanding our reinsurance programs

• Performing monthly analysis and reconciliation of designated general ledger accounts. Analyzing and researching variances as well as providing logical/concise explanations for variances and/or fluctuations in a timely manner

• Working with internal and external auditors by preparing replies to inquiries

• Ensuring accurate reinsurance and accounting control procedures are maintained

Do you have what it takes?

• Education: Bachelor’s degree

• Accounting or Finance degree a plus

• CPA license a plus

• Experience:  More than 5 years relevant experience in accounting, analytical analysis

You might be a good fit if you:

• Like to learn new technologies

• Are a self-starter and team player

• Can manage complexity

• Have experience working with cross functional departments to research and resolve issues

What you can learn on the job:

• Knowledge of Generally Accepted Accounting Principles and Statutory Accounting Principles

• Mortgage Industry Experience

• Various Reinsurance Structures

• Reinsurance System

• Workday

What does success look like?

• First 30 days:  Gain a basic understanding of the reinsurance system and of our reinsurance structure.

• First 6 months:  Fully understand our reinsurance system, gain further understanding of our reinsurance structure and programs, and develop an understanding of reinsurance reporting requirements

• First year: Become a Subject Matter Expert in your assigned job duties

Pay Range:

This range aligns with current market data and reflects our commitment to competitive and equitable compensation. Salary offers are based on factors such as experience, skills, education, and training. The range may vary in certain locations to reflect local market conditions. It is not typical to initiate pay at the top of the range to account for internal equity and allow for future and continued salary growth

Enjoy these benefits from day one:

• Competitive Salary & pay-for-performance bonus
• Financial Benefits (401k with company match, profit sharing, HSA, wellness program)
• On-site Fitness Center and classes (corporate office)
• Paid-time off and paid company holidays
• Business casual dress

For additional information about MGIC and to apply, please visit our website at www.mgic.com/careers.

Note to all recruitment agencies:
MGIC does not accept unsolicited agency resumes. Any unsolicited resumes sent to MGIC, directly or indirectly, will be considered MGIC property. MGIC is not responsible for any agency fees associated with unsolicited resumes. A recruiting agency must have a valid, written and fully executed agency agreement to assist with a requisition.