Reinsurance Operations Specialist
2 weeks ago
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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.
- 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.
- Experience in reinsurance processes.
- Proficiency in Excel.
- Knowledge of insurance principles.
- Familiarity with Schedule F filings.
- Recruiter: Rohit Roashan
We encourage interested candidates to explore this opportunity further.
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