Reinsurance Analyst
The Hartford
full-time
Posted on:
Location Type: Hybrid
Location: Hartford • Connecticut • United States
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Salary
💰 $62,400 - $93,600 per year
About the role
- 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.
- 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.
- 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.
Benefits
- Short-term or annual bonuses
- Long-term incentives
- On-the-spot recognition
Applicant Tracking System Keywords
Tip: use these terms in your resume and cover letter to boost ATS matches.
Hard Skills & Tools
accountingauditmathematical expertisereinsurance loss recoverable managementcash applicationreconciliationsdata analyticsreportingfinancial transactionsceded losses processing
Soft Skills
analytical skillswritten communication skillsverbal communication skillscontinuous improvement mindsetcross functional collaborationrelationship buildingdetail-orientedtime managementindependent workproblem-solving