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Reinsurance Operations Specialist
1 month ago
Our client, a leading Commercial P&C Insurance Company, is continuing to grow and is seeking to add an Operations Specialist within their Reinsurance Department. This person will play a critical role in supporting the company's reinsurance operations. This position requires a detailed-oriented individual with strong analytical skills and a deep understanding of reinsurance processes. The ideal candidate will ensure the effective administration of reinsurance treaties and facultative placements, supporting the company's overall risk management strategy.
- Handle the application of cash recoveries on reinsurance invoices, assessing and identifying potential discrepancies or errors, and providing effective solutions.
- Manage the administration of reinsurance treaties and facultative placements, including data entry, premium calculations, and claims processing.
- Ensure accurate and timely submission of reinsurance bordereaux and other required reports to reinsurers.
- Maintain detailed and organized records of all reinsurance transactions and communications.
- Reconcile reinsurance accounts, including premiums, commissions, and claims recoveries.
- 2+ years' experience in reinsurance operations within the insurance industry.
- Strong Excel skills (Pivot tables) including database management expertise.
- Strong knowledge of reinsurance concepts, treaties, and facultative placements.
- Excellent analytical, organizational, and problem-solving skills.
- Strong attention to detail and accuracy.
- $65,000 to $75,000 annual based salary
- Flex schedule and ability to work remotely
- Extremely competitive Medical, Dental, Vision and Life plans
- Employer matching 401(k) plan
- Generous PTO plan