Sr. Reinsurance Business Analyst

3 weeks ago

New York, United States Saransh Full time

Role: Sr. Reinsurance Business Analyst / Support

Location: NYC, NY (Day 1 Onsite)

Contract



Is this the role you are looking for If so read on for more details, and make sure to apply today.

Description:

  • Support the setup of Multinational and Reinsurance agreements in Company systems.
  • Set up and monitor Treaty agreements.
  • Oversee and monitor Marine-related calculations and Treaty attachment points.
  • Coordinate Transactional Audits and Data calls from direct and broker Reinsurance market participants.
  • Oversee and monitor Multinational Reinsurance-related calculations and Treaty attachment points.
  • Identify, investigate, and provide solutions to resolve Treaty and Facultative Reinsurance attachment issues which may affect Company financial results.
  • Meet regularly with Accounting, Actuarial, Finance, IT and Underwriting departments to validate that expected Reinsurance cessions, controls and placements are in place.
  • Provide root cause analysis on Reinsurance data quality issues requiring reversing non-machine entries needed to amend Company financial results.
  • Review matters requiring non-machine entries and system-related structural changes and assign & delegate solutions to fix and update requirements.
  • Other projects and activities as assigned by management including recommending improvements to the Facultative recoverable reporting process.

Requirements:

  • Bachelor’s degree preferably in business-related field of study.
  • 7+ Years of experience in insurance & reinsurance industry including Multinational exposure.
  • Strong knowledge and experience of both Treaty and Facultative reinsurance structures.
  • Hands-on experience working with groups to analyze, define and develop business requirements and workflow processes, including IT-related enhancements.
  • Experience working with Underwriting, Reinsurance and Claims' platforms and software.
  • Experience with Reinsurance systems.
  • Attention to detail; can report issues encountered in processing that lead to resolution efforts.
  • High level of self-management; independent worker with analytical skills that can contribute to multiple projects.
  • Strong interpersonal skills; collaborate across teams, groups, and functions in a fast-paced setting.
  • Effective presentation skills; strong verbal communications skills and strong writing ability.
  • Beneficial to have knowledge and proficiency with RiPro (Sapiens).
  • Proficiency with Microsoft Office Suites (i.e., Microsoft Excel, PowerPoint, Word).
  • CPCU and / or ARe designations preferred but not required.

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