Reinsurance Controller

Nelnet is a diversified and innovative company committed to enriching lives through the power of service as a student loan servicer, professional services company, consumer loan originator and servicer, payments processor, renewable energy solutions, and K-12 and higher education expert. For over 40 years, Nelnet has been serving its customers, associates, and communities.

The perks of working at Nelnet go beyond our benefits package. When you join the Nelnet team, you're part of a community invested in the success of each individual. That support comes through in our work, as we are united by our mission of creating opportunities for people where they live, learn, and work.

Nelnet Insurance Services is seeking an Insurance/Reinsurance Finance Controller to lead finance strategy, reporting, and controls across our reinsurance portfolio. You’ll manage a team, partner closely with leadership and actuarial, and ensure our results are timely, accurate, and decision ready.

Key Responsibilities

1) Financial leadership, planning & performance

• Own NIS reinsurance financials and annual operating rhythm (close calendar, board/leadership reporting cycles).
• Convert treaty and portfolio performance (ELR, margin, UW profit, float) into clear, actionable insights.
• Partner with Management, Actuarial, and Program leadership on renewals and capital allocation decisions.

2) Close, reporting & narratives (oversight)

• Set standards for monthly/quarterly reinsurance close in accordance with the consolidated close calendar
• Ensure accurate consolidation (hierarchy income statements, balance sheet), plus reserve roll forward, reinsurance cash activity, collateral/investment schedules and program summaries.
• Drive discipline and prevent rework through QA and signoffs.

3) Treaty lifecycle (premium, losses, settlements)

• Establish the end-to-end treaty accounting governance: bordereau intake, validation, earned vs written premium, UEPR, and LAE treatment.
• Set SLAs with brokers/carriers, approve settlements/refunds/cash calls, and lead resolution of structural variances and data integrity issues.
• Maintain the treaty controls library (desk procedures, checklists, risk/control matrices).

4) Capital, collateral & treasury (trusts/bonds/cash)

• Oversee collateral trust and investment reporting (cash, bonds, valuations), ensuring alignment with treaty and regulatory requirements.
• Coordinate with Investments on liquidity and yield within risk constraints.

5) Actuarial, reserving & regulatory coordination

• Partner with Actuarial on loss picks, ELR movements, and reserve adequacy; ensure consistent, timely incorporation into financials.
• Oversee actuarial report/SAO submissions and the evidence trail for regulatory inquiries.
• Maintain a calendar for regulatory filings and related governance artifacts.

6) Controls, audit & compliance ownership

• Own outcomes for internal audits over reinsurance; remediate gaps; evidence control performance.
• Embed preventative controls in workflows (segregation of duties, approvals, data checks) and monitor via KPIs (e.g., recon aging, error rates).

7) Data, systems & automation

• Lead the BDX/data automation roadmap to book actuals
• Sponsor tool improvements (data quality rules, reconciliation engines, version control, artifact indexing) and drive adoption.

9) Executive & board communication

• Prepare executive briefs and board materials; present results, risks, and recommendations concisely.
• Serve as the senior finance interface to internal leaders on treaty performance.

Salary for this role is: $100,000-$140,000

Please note that we are unable to provide visa sponsorship for this position. To be considered, candidates must already be authorized to work in the United States without the need for current or future sponsorship.

This candidate must be located in Omaha or Lincoln and in office 24 hours a week.

Qualifications

• Bachelor’s in Accounting/Finance; CPA strongly preferred.
• 5+ years in insurance/reinsurance accounting with progressive leadership; deep GAAP for re/insurance; Statutory accounting familiarity preferred.
• Proven close leadership (month/quarter), audit ownership, and compelling executive/board communication.
• Strong data orientation (Excel/PowerQuery/Power BI or similar); experience with process automation and data quality improvements preferred.
• Relationship savvy across internal and external partners.

Core Competencies

• Strategic & critical thinking • Financial storytelling • Governance & controls rigor
• Execution under deadlines • Stakeholder management • Change leadership/automation • Talent development

Our benefits package includes medical, dental, vision, HSA and FSA, generous earned time off, 401K/student loan repayment, life insurance & AD&D insurance, employee assistance program, employee stock purchase program, tuition reimbursement, performance-based incentive pay, short- and long-term disability, and a robust wellness program. Click here to learn more about our benefits: LINK.

Nelnet is committed to providing a welcoming and respectful workplace where all associates have the opportunity to succeed. As an Equal Opportunity Employer, we ensure that all qualified applicants are considered for employment. Employment decisions are made without regard to race, color, religion/creed, national origin, gender, sex, marital status, age, disability, use of a guide dog or service animal, sexual orientation, military/veteran status, or any other status protected by federal, state, or local law. We value the unique contributions of every team member and believe that a positive work environment benefits everyone.

Qualified individuals with disabilities who require reasonable accommodations in order to apply or compete for positions at Nelnet may request such accommodations by contacting Corporate Recruiting at 402-486-5725 or corporaterecruiting@nelnet.net.

Nelnet is a Drug Free and Tobacco Free Workplace.