Ceded Reinsurance Analyst

at  Allied World Assurance Company

Ceded Reinsurance Analyst - (2400004F)
Description
The Senior Reinsurance Analyst position is responsible for supporting and assisting department staff with the administrative processes of the Ceded Reinsurance department including reinsurance submission preparation, inputting reinsurance placements into systems, oversight of audits, tracking of contract wording, providing individual claim notification to reinsurers and perform treaty premium adjustments.

Qualifications

• B.S. in Business, Math or related major preferred
• 2 to 5 years insurance or finance related experience
• Exceptional MS Office skills
• Excellent communication (both written and verbal) and interpersonal skills
• Strong attention to detail and quantitative skills
• Ability to work to deadlines and prioritize tasks
• Ability to work with various internal constituents, including underwriting, claims, actuarial, finance and IT departments
• Ability and willingness to work outside normal office hours and global travel as required
• Ability to deal with changing environment
• Exceptional organizational skill

• Support Ceded Re senior staff in working with Underwriting, Finance, Actuarial, and Claims to gather data to assist in reinsurance submission preparation
• Work closely with the VP Ceded Re in the London UK office on all aspects of the treaty placement process.
• Support individual facultative claims noticing and review facultative underwriting summary
• Assist with coordinating the availability of documents and timing for claims, underwriting, transactional, and Ceded Re audits as well as audits performed by external auditors.
• Assist in preparing individual claim notifications and invoices (no negotiation or settling of claims is permitted), and work with brokers and reinsurers to ensure receivable balances are collected.
• Assist with completing regulatory reporting requirements for multiple jurisdictions globally
• Assist the AVP, Operations Lead, Ceded Reinsurance with responsibilities including:
• Review treaty premium adjustments to ensure that amounts deposited are properly reconciled with amounts owed including adjustment true-ups for swing rate adjustments and sliding scale commission calculations.
• Work with Actuarial and Finance to assist with new product data/system set up.
• Coordinate and track execution of contract wordings to full completion and maintain electronic filing archive.
• Summarize treaty terms and schematics.
• Maintain reinsurance resume document that provides historical detail of terms treaties previously written.
• Assist in maintaining compliance with the tenets of the Sarbanes-Oxley Act.

Qualifications

• B.S. in Business, Math or related major preferred
• 2 to 5 years insurance or finance related experience
• Exceptional MS Office skills
• Excellent communication (both written and verbal) and interpersonal skills
• Strong attention to detail and quantitative skills
• Ability to work to deadlines and prioritize tasks
• Ability to work with various internal constituents, including underwriting, claims, actuarial, finance and IT departments
• Ability and willingness to work outside normal office hours and global travel as required
• Ability to deal with changing environment
• Exceptional organizational skills

Primary Location: GB-GB-London
Work Locations: London 20 Fenchurch Street London EC3M 3BY
Job: Underwriting
Schedule:Full-time
Shift:Day Job
Employee Status:Regular
Job Type:Standard
Job Posting: Sep 2, 2024, 5:36:16 AM
Pay BasisYearl