Reinsurance Operations Specialist

2 weeks ago


Exton, Pennsylvania, United States Collabera Full time
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Reinsurance Technician

Position Type: Contract to Hire

Location: Exton, Pennsylvania, US

Compensation: $26.00 Per Hour

Job Overview:

As a Reinsurance Technician, you will play a crucial role in the reinsurance operations, focusing on the following responsibilities:
  • Prepare monthly cession statements for ceded reinsurance business, ensuring accuracy and resolving discrepancies in assigned accounts.
  • Conduct quarterly collateral reconciliations for Schedule F filings, assisting in the collateral process to ensure compliance and minimize penalties.
  • Manage daily activities related to collateral adjustments, ensuring effective communication with clients regarding their Letters of Credit and Trust accounts.
  • Maintain and update collateral inventory, reconciling Ceded Re inventory with monthly reports from Financial Risk Managers.
  • Generate reports and reconciliations for collateral, delivering timely and accurate information to internal and external stakeholders.
  • Support Technical Accounting functions, including cash processing, invoicing, and collections, while collaborating with the India support team.
  • Assist in audit management, ensuring timely delivery of all necessary documentation to auditors.
Required Skills:
  • Bachelor's Degree in business, finance, accounting, or a related field, or equivalent professional experience.
  • Strong written and verbal communication skills.
  • Excellent organizational and prioritization abilities.
  • Proficient multitasking skills with a keen attention to detail.
  • Advanced proficiency in MS Office applications, particularly Excel.
  • Strong analytical and research capabilities, with a focus on financial reconciliation.
  • Exceptional customer relations skills, demonstrating a results-driven approach.
Key Qualifications:
  • Experience in reinsurance processes.
  • Proficiency in Excel.
  • Knowledge of insurance principles.
  • Familiarity with Schedule F filings.
Contact Information:
  • Recruiter: Rohit Roashan
Application Process:
We encourage interested candidates to explore this opportunity further.

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