Contract interpretation and identification of key criteria for accurate reinsurance detection.
Monitors and processes ceded losses and billings in an accurate and timely manner, within a monthly accounting/production cycle, ensuring compliance with all accounting related requirements.
Reinsurance Loss Recoverable management, cash application, and reconciliations.
Performs basic to moderately difficult calculations, accountings, reconciliations, and reporting. Identifies and investigates out-of
balance transactions.
Actively manages the resolution of basic correspondence and assigned reinsurance balances.
Leverages proficiency in technical/functional skills to execute all basic reporting, collection, correspondence, and financial transactions appropriately with consistent adherence to reinsurance practices and protocols.
Develops and maintains productive working relationships with both internal and external partners including Brokers, Reinsurers, Legal, Actuarial, Direct Claims, Operations, vendors and/or IT, in order to achieve the most favorable outcomes.
Participates in projects as part of a team.
Positive attitude and the ability to work as a team player.
Participates in process improvement initiatives as part of a team. Maintains workflow and reference documentation.
Effectively communicates with peers and management, both verbally and in writing.
Requirements
Bachelor’s degree preferred, or equivalent experience.
2 years’ related work experience in accounting, audit, insurance or reinsurance preferred.
Accounting, audit, or mathematical expertise.
Proficient in Microsoft Suite, with emphasis on Excel.
Solid understanding of basic reinsurance contracts and coverage, including related financial transactions, reporting, collections, and other reinsurance matters preferred.
Strong Analytical Skills and Proficiency in Data and Data Analytics.
Excellent Written and Verbal Communication Skills.
Continuous Improvement Mindset.
Cross Functional Collaboration Skills and Building Relationships.
Highly detail-oriented, with the ability to manage multiple assignments concurrently while maintaining efficiency and prioritizing effectively.
Demonstrated ability to work independently and effectively on complex tasks.
Benefits
Other rewards may include short-term or annual bonuses