Operations

• Managing and reconciling all reinsurance-related transactions during the annual financial closing process
• Ensure compliance with regulatory requirements, accurate reporting, and timely completion of reinsurance schedules and statements
• Compiling, validating, and submitting Schedule S as part of the annual statutory financial reporting process for a reinsurance company
• Prepare reinsurance-related journal entries for year-end closing
• Reconcile reinsurance accounts, including premiums, commissions, recoverables, and payables
• Assist in preparing reinsurance disclosures for statutory financial statements
• Support actuarial and finance teams with reinsurance data for reserve calculations and risk assessments
• Gather and reconcile ceded and assumed reinsurance data from internal systems
• Prepare detailed Schedule S exhibits, including Part 1 through Part 7, in accordance with NAIC statutory requirements
• Ensure proper classification of reinsurance agreements (e.g., proportional, non-proportional, affiliated vs. unaffiliated)
• Verify accuracy of reinsurance balances, premiums, losses, commissions, and recoverables
• Ensure all reinsurance balances agree with supporting documentation and contracts
• Maintain documentation and support for all Schedule S entries for audit and regulatory review
• Coordinate with underwriting, claims, actuarial, and finance teams to obtain accurate data
• Communicate with external reinsurers and brokers for confirmations and clarifications

WNS

Consultant – Operations