The Financial Analyst, Reinsurance position is responsible for facilitating ceded payables & recoverables, managing reinsurance related Accounting and Financial Functions, and communicating with internal and external stakeholders.
Requirements
- Timely billing/collection of third-party reinsurance recoverables
- Analyzing and reconciling financial/statistical data
- Communicating with internal and external stakeholders
- Managing third party excess of loss deposit premiums and premium adjustments
- Accurately maintaining intercompany deposit premium and adjustment settlements and balances due to/from
- Preparing adjustments and corresponding accounting entries as required
- Proactively collecting aging "on behalf of" balances
- Managing a book of external proportional and excess of loss reinsurance
- Analyzing large value claims and determining applicable reinsurance coverage
- Preparing quarterly bordereau and statements
- Pursuing collections with a goal of more than 90% of recoverables collected within 90 days
- Applying cash receipts/disbursements and registering treaty adjustments in the Global Treaty general ledger and SAPIENS reinsurance environments
- Maintaining ledger balances in line with departmental and accounting guidelines
- Entering and configuring treaties in SAPIENS as required
- Performing accounting reconciliations on reinsurance balances payable accounts
- Utilizing data warehouse systems to reconcile balances, prepare management reports and complete reporting activities
- Reviewing and reconciling accounting and statistical data to ensure data integrity and accuracy of reported Reinsurance data
- Considering existing processes and proposing opportunities for enhancement, efficiency, automation and streamlining
- Performing miscellaneous duties as required
Benefits
- Generous Paid Time Off
- 401k Matching
- Retirement Plan
- Visa Sponsorship
- Four Day Work Week
- Generous Parental Leave
- Tuition Reimbursement
- Relocation Assistance
