Career Opportunity
Role Title
Senior Reinsurance Analyst
Purpose of role
The Senior Reinsurance Analyst is responsible for preparing accurate monthly and quarterly reinsurance reports, manages business processes in the TAI system, and handles manual reinsurance transactions, ensuring data accuracy.
The role requires strong analytical abilities, a solid understanding of insurance and reinsurance principles (preferably life), and attention to detail. Responsibilities also include maintaining reinsurance procedure manuals, contributing to departmental and divisional projects, and supporting both internal and external audits.
Job Description
Key Responsibilities

Financial Analysis:

• Analyze reinsurance financial data, including premiums and claim settlements, to ensure accuracy and treaty compliance
• Perform TAI monthly processing, including exception reports, continuations policies, and facultative processing
• Manage non-TAI reinsurance processing, including journalizing accounting entries

Reporting and Reconciliation:

• Prepare, review, and reconcile reinsurance accounts
• Ensure data quality for reinsurance and claims reporting to reinsurers
• Maintain reinsurance claims recoverable aging reporting
• Oversee retention management, including TAI retention reports, CPP retention, and adhere to Foresters corporate retention policy

Problem Solving and Issue Resolution:

• Identify, investigate, and resolve issues related to reinsurance administration, claims, and financial reporting
• Respond to ad hoc internal and external reinsurance inquiries
• Prepare and participate in internal and external reinsurance audits
• Contribute to reinsurance-related projects

Policies and Process Development:

• Assist in developing and maintaining reinsurance policies and procedures
• Identify root causes and recommend improvements to reinsurance processing workflows

Collaboration and Communication:

• Collaborate with internal teams (Actuarial, Accounting, IT, and Claims) and external reinsurers
• Build and maintain strong relationships with reinsurance partners
• Manage multiple priorities and meet tight deadlines in a fast-paced environment with attention to detail
• Adapt to evolving processes, procedures, and work environments

Key Qualifications

• Education: Post-secondary education
• Experience: Minimum 4+ years life insurance operations or reinsurance experience
• Strong working knowledge of life insurance products, reinsurance practices, and principles
• Proven analytical and problem-solving skills
• Self-starter with the ability to make decisions independently and in a team environment
• Skilled in research and issue resolution
• Intermediate to advanced proficiency with Microsoft Office products, including Excel, Access, and SQL
• Strong mathematical skills to support key responsibilities
• Ability to interpret treaty parameters to ensure compliance and consistency between Foresters’ reinsurance system and finalized treaties
• Demonstrated strong verbal and written communication skills for effective engagement with internal and external stakeholders
• Proven ability to build effective cross-functional partnerships within the division and across the organization
• Superior interpersonal skills with the ability to establish trust and maintain strong working relationships
• Strong understanding of compliance requirements and regulations affecting reinsurance

LI-Hybrid

Equal Opportunity Employment and Inclusion – at Foresters Financial, we are committed to sustaining an equal opportunity environment for all job applicants. We embrace Inclusion, Diversity and Equity (IDE) as a core strategic objective for building strong, innovative teams in which all our employees can show up wholly and authentically as themselves.
Foresters Financial strives to provide an accessible candidate experience for prospective employees with different abilities. If you anticipate needing any type of accommodations during the recruitment process, please email
accommodations@foresters.com in advance of your appointment.
Thank you for choosing Foresters. Only those candidates who will be selected for further consideration will be contacted by our Talent Acquisition Team

Please refer the Job description for details