Sr. Reinsurance Analyst

(Job Id W302079)
Posted on 2/3/2010
Location:

Richmond, VA;


Job Type:

Full Time


Salary: $65000.00 to $85000.00/year
Degree: Bachelor of Science
Job Description
Title: Senior Reinsurance Analyst
Department: Reinsurance Administration

Location: Richmond, VA

Requirements:
Qualifications:


CPA, reinsurance experience and/or P&C accounting experience preferred.

Bachelors degree in accounting, finance or other related field, with at least 5 years of relevant experience.

Strong analytical, technical and problem-solving skills.

Strong GAAP and Statutory accounting knowledge.

Ability to work in flexible work environment under limited supervision.

Excellent interpersonal and communication skills.

Strong organizational skills and commitment to meeting deadlines.
Responsibilities:

Responsible for the accuracy and completeness of monthly reinsurance cessions, including both system-generated cessions and manually booked cessions.

Ensure all reinsurance cash is properly coded in the general ledger and accurately applied against recoverable/payable balances.

Review monthly reinsurance balance sheet account reconciliations prepared by Reinsurance Analyst.

Review aging and collection status of outstanding reinsurance recoverables.

Review monthly/quarterly reporting and billing to reinsurers for accuracy and completeness.

Review monthly/quarterly reporting and analysis packages.

Review Schedule F and other statutory reporting requirements.

Review collateral requirements of reinsurance agreements and ensure Client is fully funded.

Assist with pulling the data required for reinsurance treaty renewals.

Review setup of treaty and facultative contracts in reinsurance systems.

Ensure effective SOX controls are maintained and followed.

Work closely with other Reinsurance Administration team members, as well as Actuaries, Claims and Operation Accounting.

Assists with special projects and ad hoc reporting requests as needed.