Senior Reinsurance Financial Analyst

2 weeks ago


Blue Bell, Pennsylvania, United States PMA Companies Full time
Position Overview

The Senior Financial Analyst - Reinsurance is responsible for overseeing and managing various financial operations within the reinsurance sector. This role involves detailed analysis and reporting to ensure financial accuracy and compliance.

Key Responsibilities:
  • Premium and Commission Analysis: Evaluate and manage premium and commission figures on a monthly basis, categorized by source, program, company, and line of business.
  • Ceded Reinsurance Calculations: Compute ceded reinsurance premiums and commissions, preparing comprehensive quarterly trend analyses.
  • Cash Collection Monitoring: Supervise cash collections and facilitate quarterly settlements between PMA and reinsurers.
  • Loss Calculation and Settlement: Calculate, document, and settle all ceded reinsurance losses, collaborating with actuarial teams for quarterly loss reserve analyses.
  • Reinsurance Control: Manage all assumed and inter-company reinsurance activities.
  • Deferred Acquisition Costs: Calculate deferred acquisition costs on a quarterly basis, segmented by line of business.
  • Financial Reporting: Prepare and present quarterly and annual financial and management reports.
  • Financial Results Meetings: Lead quarterly financial results discussions and maintain regular communication with operating management on relevant business topics.
  • Audit Facilitation: Collaborate effectively to support financial audits, ensuring compliance with Sarbanes-Oxley and state examination standards.
  • New Company Coordination: Work closely with new underwriting companies' management to assist in the establishment of new ORI companies.
  • Annual Financial Planning: Oversee the preparation of the annual financial plan model, collaborating with colleagues across financial accounting, reinsurance accounting, actuarial, and operations departments.
  • Ethical Standards: Uphold the Company's Code of Business Conduct and Ethics, applying knowledge of compliance policies and regulations relevant to job responsibilities.
Qualifications:
  • Bachelor's degree in Accounting or Finance is mandatory.
  • Three to five years of relevant business experience; experience in the Property & Casualty (P&C) insurance industry is advantageous.
  • Proven financial accounting experience is essential; familiarity with P&C reinsurance accounting is a plus.
  • Proficient in Microsoft Excel and PowerPoint.
  • Excellent verbal and written communication skills, capable of conveying financial concepts to non-financial personnel in a clear and informative manner.
  • Self-motivated, adaptable to changing priorities, and inquisitive in nature.
  • Adept at identifying potential issues and proposing solutions for discussion with management and operational teams.
  • Ability to work independently and collaboratively, knowing when to engage others in the decision-making process to enhance productivity.
  • Comfortable interacting with all levels of management.


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