Western & Southern Financial Group

Reinsurance Analyst

Job Locations US-OH-CINCINNATI
ID
2024-22071
Category
Actuarial
Type
Full Time
Subsidiary
Western & Southern Financial Group

Overview

Processes, audits, tests and reports for reinsurance activity for Western & Southern Life, Columbus Life, Lafayette Life and IFS. This includes monthly billing in excess of $8 million. Actively collaborates with multiple reinsurers and the Claim Department to collect over $100,000,000 in outstanding receivables. Directly communicates with reinsurers to address outstanding administration concerns. Ensures appropriate reinsurance accounting in the general ledger.

Responsibilities

What you will do:

  • Processes weekly transactions for multiple business units; researches administrative system for further policy information when needed.
  • Works with Information Technology and Insurance Operations to test accuracy and proper treaty administration for over 100 treaties.
  • Monitors recoverable amounts to ensure prompt payment. Contacts reinsurance partners, and works with internal Claim Department to complete monthly and annual claim reporting.
  • Monitors retention on a regular basis, also reviews monthly reports, and executes recapture as necessary.
  • Participates in reinsurance administration audits with internal auditors as well as external reinsurance companies and independent auditors. Provides procedural overview, gathers data and provides information requested. Performs detailed policy-level audits as appropriate to respond to questions and inquiries.
  • Researches and interprets treaty language to ensure policies are administered according to guidelines.
  • Audits and prepares payment of Underwriting vendor invoices.
  • Acts as a liaison to resolve billing disputes, obtain appropriate documentation and achieve resolution. Identifies and reports aberrations to management as appropriate.
  • Works with internal customers and external vendors to resolve problems and promote quality issues.
  • Prepares information for annual DAC tax.
  • Performs other duties as assigned
  • Complies with all policies and standards

Qualifications

  • High School Diploma Or GED (Required)
  • Accounting or business degree (Preferred)
  • Proven experience adapting and demonstrating flexibility associated with changes to policies/procedures (Required)
  • Demonstrated experience effectively handling customers and providing excellent service (Required)
  • Previous TAI experience (Preferred)
  • Demonstrated knowledge of back-office life insurance operations.
  • Proven ability to understand and execute testing methodologies associated with new product/treaty implementation, program changes and technical/software upgrades.
  • Proven strong analytical skills, including demonstrated experience identifying and quantifying problems and providing effective resolutions.
  • Proven examples of working under multiple deadlines with minimal supervision. Must cite examples of successfully organizing and effectively completing projects where given little or no direction.
  • Demonstrated excellent verbal and written communication skills with ability to convey information to internal and external customers in a clear, focused and concise manner.
  • Proven ability to cite examples of experience working in an environment with a high degree of stress/time demands associated with heavy volumes and multiple demands.
  • Demonstrated strong attention to detail with excellent organizational skills. Cite examples of organization and time management methods used to manage or prioritize workload demands.
  • Strong working knowledge of database, spreadsheet and word processing applications.
  • SQL querying capabilities preferred
  • Pursuit of FMLI designation is encouraged Upon Hire (Required)

Work Setting/Position Demands:

  • Works in an office setting and remains in a continuous stationary position for long periods of time while working at a desk, on a computer or with other standard office equipment, or while in meetings. Performs substantial movement of wrists, hands and fingers for continuous computer work. Extended hours required during peak workloads or special projects

Travel Requirements:

  • None

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