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Join our dynamic Reinsurance Operations team in the Life Actuarial department as a Reinsurance Analyst II! This is an exciting opportunity to play a vital role in supporting reinsurance processes, from claims processing and treaty administration to financial reporting and audit support. You'll be responsible for managing reinsurance risk, ensuring regulatory compliance, and collaborating with business partners to drive effective decision-making. Strong critical thinking skills and excellent time management are essential as you navigate complex issues, interpret treaties, and deliver timely, accurate results. As a Reinsurance Analyst II, you will have the chance to participate in special projects, identify process improvements, and contribute to a strong risk management framework. Plus, get ready to be part of a major initiative in 2026 as we implement a brand-new reinsurance system, offering opportunities for professional growth and development! If you're a highly motivated individual with a desire to make a real impact, we encourage you to apply.
Job Responsibility:
Utilize routine processes and procedures to administer reinsurance, process routine claims, validate data, files, systems, identify discrepancies, and related audit support
Support the development and maintenance of processes, procedures and tools
Resolve moderately complex issues and identifies appropriate issues for escalation
Participate on special projects related to reinsurance administration systems, legal contracts/treaties, new product launches and other initiatives
Under minimal guidance, prepare reinsurance financial, management and regulatory reports
Interpret treaty details (premium calculation), final bid documents and applies maturing knowledge of Letter of Agreement (LOAs) or treaty drafts and validation of system rules
Administer retention to ensure compliance with company limits and reinsurance treaty specifications
Develop an understanding of regulations impacting the reinsurance process to ensure compliance with government regulations
Develop relationships with business partners (internal and external)
Acquire and apply maturing knowledge of the business to resolve issues and provide informed, proactive reporting and analysis to enable effective decision making
Gather, research, and coordinate responses to audit requests in a timely manner, for internal and external audit, and reinsurance business partners
Partner with more experienced team members to complete reinsurer and compliance audit requests
Perform intermediate level accounting activities, reinsurance accounting transactions, analysis, reconciliations and research and understands key implications
Perform intermediate level reinsurance transactions, analysis, reconciliations and research with developing knowledge of GAAP/ STAT accounting and other regulatory requirements
Identify appropriate issues for escalation
Identify opportunities for process improvements that further departmental goals and objectives
Ensure risks associated with business activities are effectively identified, measured, monitored, and controlled in accordance with risk and compliance policies and procedures
Requirements:
Bachelor’s Degree
OR 4 years of related experience (in addition to the minimum years of experience required) may be substituted in lieu of degree
2 or more years of experience as an analyst or other relevant work experience
Nice to have:
Experience with Life and/or Annuity Claims administration (1 year)
Experience with Life Insurance and/or Annuity products (1 year)
Experience with Risk and Control Management (1 year)
Experience with Project Management (1 year)
Experience with Life or Annuity reinsurance (1 year)
US military experience through military service or a military spouse/domestic partner
What we offer:
comprehensive medical, dental and vision plans
401(k)
pension
life insurance
parental benefits
adoption assistance
paid time off program with paid holidays plus 16 paid volunteer hours