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Reinsurance Technician

Contract to Hire: Exton, Pennsylvania, US

Salary: $26.00 Per Hour

Job Code: 352399

End Date: 2024-09-04
Days Left: 20 hours left

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Title - Junior Reinsurance Technician

Industry - Insurance

Location - Exton, Pennsylvania (19341) - Onsite

Schedule: Mon-Fri: 9:00 AM - 5 PM (Local Time)

Job Description:

• Responsible for preparing monthly cession statements for the ceded reinsurance business. Identifies, researches and resolves discrepancies or out of balances of assigned reinsurance accounts.

• Perform quarterly collateral reconciliation for Schedule F filing Assist with the collateral process, ensuring proper collateral is in place at year-end for statutory purpose to reduce the Schedule F penalty exposure for Insurance Company

• Assist with daily activity regarding collateral decreases and withdrawals, ensuring our clients receive the proper communication regarding the activity around their Letters of Credit, Trusts accounts and Funds withheld as well as the Multi beneficiary trusts. Support in obtaining reinsurance data and formatting for delivery to the reinsurers and brokers for collateral increases and decreases.

• Assist with maintaining the collateral inventory and update with any new activity and the reconciliation of Ceded Re inventory to the Financial Risk Managers monthly report. Work closely with Technical Operations as well as the Technical Accounting staffs in India who supports the collateral process and creation of the database for reporting exposures to our clients.

• Run/Provide reports and reconciliations for collateral and report accurate and timely information to both internal and external customers. Develop, recommend, and implement continuous improvements to processes, reports, and technology solutions. Acquire and command the knowledge of the systems used within the company (Genius, ProCede, Access and Documentum)

• Assist in the daily activities of Technical Accounting (cash processing, invoicing, collections and reporting to upper management and other internal customers Also working closely with our India support team to ensure accurate and timely delivery of all tasks required.

• Assist in the management of audits and ensuring that all supporting documentation is delivered in a timely manner to E&Y, FIC and internal audit.

Skills and abilities:

• Bachelor's Degree in business, finance, accounting or a related area, or equivalent work experience.

• Excellent written and oral communication skills.

• Excellent organization and prioritization skills.

• Proven efficiency in the ability to multitask, with attention to detail.

• Proficient in MSOffice (Excel, Word, Access).

• Excellent research and analytical skills, strong result-driving financial reconciliation skills.

• Display excellent customer relation skills, as well as result-driven.

Job Requirement

• reinsurance
• excel
• insurance
• Schedule F Filling

Reach Out to a Recruiter

• Recruiter
• Email
• Phone
• Rohit Roashan
• rohit.roashan@collabera.com

Apply Now

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