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The Reinsurance Account Technician, set up individual and group life and health reinsurance contracts in internal systems. Establish accruals, apply premiums and commissions, and interpret standard legal document requirements. Provide basic support for premium‑accrual‑related inquiries. Ensure timely and accurate accounting and reporting for assigned contracts. Collaborate regularly with Pricing teams and external clients to resolve issues.
Job Responsibility:
Provide technical support for assigned individual and group reinsurance treaties
Gather relevant data from clients and internal sources for both new business and renewals
Interpret contracts and account data to ensure timely and accurate setup, administration, and maintenance of assigned business in the reinsurance administration system
Create and manage accruals for accounts with potential financial impact
Research, report, and collect balances overdue more than 60 days
Verify and apply premiums and commissions within required timeframes to maintain low suspense balances
Complete all required risk-control processes and reporting to ensure accurate and timely processing of assigned business
Identify and report basic system issues or enhancement needs, and assist with testing activities for the reinsurance administration system and imaging system
Perform additional duties and special projects as assigned
Validate premium and claims bordereaux to ensure accuracy and compliance
Prepare balance confirmation letters for auditors as needed
Perform OFAC screening for applicable premium receipts
Meet departmental KRIs on a monthly and quarterly basis
Requirements:
Associate's Degree (AA) or equivalent experience
1+ Years accounting, insurance and or reinsurance experience
Fluent on English Spanish communication (written and spoken)
Microsoft Word, Excel, and Outlook skills
Accounting knowledge
Ability to be flexible when needed, take initiative, and demonstrate accountability
Basic oral and written communication skills
Ability to quickly adapt to new methods, work under tight deadlines and stressful conditions
Ability to set goals, multitask and prioritize workload
Investigative, analytical and problem-solving skills
Ability to work well within a team environment and participate in department projects
Ability to balance detail with departmental goals/objectives
Nice to have:
Experience writing and/or interpreting group and Individual insurance/reinsurance contracts wording