Senior Reinsurance Analyst

Role Responsibilities

• Subject Matter Expert Support: Assist in the management of property, casualty, and marine treaties, providing expertise and guidance to internal teams.
• Team Collaboration: Serve as the primary liaison between internal departments, reinsurance brokers, and external partners, fostering effective communication and teamwork.
• Regulatory Compliance: Partner with the Legal department to ensure all reporting requirements to the New York Department of Financial Services (NYDFS) are met accurately and promptly.
• Market Security Management: Oversee the security compliance between our company and key reinsurance partners, ensuring adherence to NY DFS regulations and internal standards.
• Treaty Negotiation Coordination: Facilitate the preparation and timely delivery of materials required for treaty negotiations, including analyses of losses, premiums, and operational overviews.
• Contract Review and Update: Evaluate the wording of assumed business contracts, providing technical analysis and working with the Legal department to update contracts and clauses as necessary.
• Reinsurance Reporting: Manage all reinsurance reporting requirements, including risk profiles and credit risk management reports, ensuring accuracy and compliance.
• Data Accuracy: Ensure accurate entry of reinsurance terms into the reinsurance system and timely delivery of necessary documentation to external parties.
• Financial Oversight: Act as an expert in the complex accounting of reinsurance balances, ensuring proper booking, payment, and cash flow management.
• Market Analysis: Develop and present financial analysis reports to support active reinsurance placements based on internal risk guidance.
• Reinsurer Liaison: Address queries from reinsurers, ensuring accurate data reporting and timely payment of premiums and claims.
• Process Improvement: Oversee and document processes, create guidelines for domestic and international treaties, and support audit compliance and SOX controls.
• Cross-Functional Support: Provide support to underwriters and claims teams, collaborating with various internal and external business partners, including Accounting, Underwriting, IT, Reinsurers, and Brokers.
• Special Projects: Participate in special projects and multi-departmental teams as required.
• Ad-Hoc Analysis: Perform ad-hoc analysis to support ongoing business needs.

Qualifications:

• Educational Background: Bachelors degree in Accounting, Actuarial Studies, or a related field from an accredited four-year college or university.
• Experience: A minimum of 8 years of related experience in reinsurance.
• Skills: Strong negotiation, organizational, and time management skills.
• Certifications: CPCU or related reinsurance education (e.g., IIA Associate Degree in Reinsurance) is advantageous.