Reinsurance Analyst

The Hartford•Hartford, CT

2d•Hybrid

About The Position

We’re determined to make a difference and are proud to be an insurance company that goes well beyond coverages and policies. Working here means having every opportunity to achieve your goals – and to help others accomplish theirs, too. Join our team as we help shape the future. The Reinsurance Center of Excellence Runoff Accounting team is responsible for the administration of reinsurance ceded under Runoff Reinsurance programs. These reinsurance programs can often be complex. The ideal candidate would have familiarity with reinsurance and/or accounting principles. Key responsibilities of this position include: • Contract interpretation and identification of key criteria for accurate reinsurance detection. • Monitors and processes ceded losses and billings in an accurate and timely manner, within a monthly accounting/production cycle, ensuring compliance with all accounting related requirements. • Reinsurance Loss Recoverable management, cash application, and reconciliations. • Performs basic to moderately difficult calculations, accountings, reconciliations, and reporting. Identifies and investigates out-of- balance transactions. Actively manages the resolution of basic correspondence and assigned reinsurance balances. • Leverages proficiency in technical/functional skills to execute all basic reporting, collection, correspondence, and financial transactions appropriately with consistent adherence to reinsurance practices and protocols. • Develops and maintains productive working relationships with both internal and external partners including Brokers, Reinsurers, Legal, Actuarial, Direct Claims, Operations, vendors and/or IT, in order to achieve the most favorable outcomes. • Participates in projects as part of a team. • Positive attitude and the ability to work as a team player • Participates in process improvement initiatives as part of a team. Maintains workflow and reference documentation • Effectively communicates with peers and management, both verbally and in writing.

Requirements

Bachelor’s degree preferred, or equivalent experience.
2 years’ related work experience in accounting, audit, insurance or reinsurance preferred.
Accounting, audit, or mathematical expertise.
Problem Solving and Execution Skills.
Proficient in Microsoft Suite, with emphasis on Excel.
Solid understanding of basic reinsurance contracts and coverage, including related financial transactions, reporting, collections, and other reinsurance matters preferred.
Strong Analytical Skills and Proficiency in Data and Data Analytics.
Excellent Written and Verbal Communication Skills.
Continuous Improvement Mindset.
Cross Functional Collaboration Skills and Building Relationships.
Highly detail-oriented, with the ability to manage multiple assignments concurrently while maintaining efficiency and prioritizing effectively.
Demonstrated ability to work independently and effectively on complex tasks.
Must be able to support and work Eastern core business hours to meet business needs.

Nice To Haves

Familiarity with reinsurance and/or accounting principles.

Responsibilities

Contract interpretation and identification of key criteria for accurate reinsurance detection.
Monitors and processes ceded losses and billings in an accurate and timely manner, within a monthly accounting/production cycle, ensuring compliance with all accounting related requirements.
Reinsurance Loss Recoverable management, cash application, and reconciliations.
Performs basic to moderately difficult calculations, accountings, reconciliations, and reporting. Identifies and investigates out-of- balance transactions. Actively manages the resolution of basic correspondence and assigned reinsurance balances.
Leverages proficiency in technical/functional skills to execute all basic reporting, collection, correspondence, and financial transactions appropriately with consistent adherence to reinsurance practices and protocols.
Develops and maintains productive working relationships with both internal and external partners including Brokers, Reinsurers, Legal, Actuarial, Direct Claims, Operations, vendors and/or IT, in order to achieve the most favorable outcomes.
Participates in projects as part of a team.
Positive attitude and the ability to work as a team player
Participates in process improvement initiatives as part of a team. Maintains workflow and reference documentation
Effectively communicates with peers and management, both verbally and in writing.