Reinsurance Analyst

Company: RGA Reinsurance Company
Location: Chesterfield
Posted on: March 18, 2023

Job Description:

Position OverviewThe Reinsurance Analyst role is part of the TAI Reinsurance Services team, which utilizes knowledge of North American life insurance products and reinsurance business practices to provide clients with high quality outsourcing services and for the life insurance/reinsurance business in the TAI administration system.ResponsibilitiesThe Reinsurance Analyst independently executes upon established processes within the reinsurance administration outsourcing team with an eye for detail to provide a high degree of effectiveness and quality. These processes include maintaining policy or cession records on the TAI administrative system, managing.

The Reinsurance Analyst supports projects, takes accountability for the timely and accurate completion of assigned tasks, considering the potential impact on downstream processes. Tasks assigned in these projects will require the gathering and analyzing data to provide detailed recommendations that address atypical issues based on existing precedents and procedures. This role provides opportunities for continued career advancement as an individual contributor for analytical problem solvers, or those who aspire to develop subject matter and/or leadership expertise in reinsurance operations.

• Demonstrate accountability for assigned tasks through to completion including ensuring all support and communication is complete and accurate.
• Review and analyze complex reinsurance administration tasks to identify systematic trending issues and data anomalies; provide recommendations for best practices for problem resolution and adherence to reinsurance treaties, including processing and tracking reinsurance claims, premium billing and payment, and reinsurance treaty review and maintenance.
• Execute a variety of reinsurance processes currently done using MS Access databases and/or MS Excel worksheets.
• Complete assigned projects as required, performing data analysis and prescribed documentation.
• Ensure that clear and accurate responses to ad hoc internal, reinsurer, and client requests are provided on a timely basis. RequirementsREQUIRED QUALIFICATIONS
  • 2-3 years of experience in a reinsurance administration or direct insurance operations role, with a proven understanding of North American life insurance products and how they are administered
  • College or University Degree
  • Knowledge of insurance and reinsurance concepts
  • An understanding of retention management practices, treaty setup and interpretation, and compliance.
  • Proficiency in Microsoft Excel and Word
  • An understanding of relational databases
  • Experience working with large data sets to perform analysis and recognize systemic trending issues and/or data anomalies PREFERRED QUALIFICATIONS
    • Proficiency in MS Access, SQL, and TAI administration system
    • Understanding of various life insurance products written in the North American market
    • FLMI/ACS/ARA designation from LOMA
    • Knowledge of project management concepts and practices SKILLS & COMPETENCIES
      • Ability to manage and execute business processes to completion, while demonstrating best practices, evidenced controls, and quality outcomes
      • Developed customer service skills
      • Creativity, curiosity, and a professional demeanor
      • Excellent verbal and written communication skills
      • Independent thinker who is adaptable to a fast-paced and constantly evolving work environment
      • Aptitude toward mathematics
      • Effective negotiation and collaboration skills
      • Strong problem-solving skills
      • Client driven
      • Attention to detail
      • Results oriented
      • Quick learner of new processes and technology.
      • Ability to manage multiple deliverables to tight deadlines Company OverviewIn early 2018, TAI was acquired by RGAx. RGAx is the transformation engine and a wholly owned subsidiary of Reinsurance Group of America, Incorporated (NYSE: RGA). A Fortune 500 company, RGA is among the leading global providers of life reinsurance and financial solutions. Today, TAI is the premier provider of life reinsurance solutions in North American, with the capability of expanding to international markets. Reinsurance is global business, and TAI's base system is flexible and can be customized to meet the needs of these new markets. TAI offers a complete software solution for the life companies to self-report all their reinsurance information; assumed, ceded or retroceded in an electronic format to share with their partners on a cost-effective basis.
        
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        Job Detail
        
        
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          Reference number
          CN01167
          
          
          
          
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          Date posted
          07/03/2023
          
          
          
          
          
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          Closing date
          28/04/2023
          
          
          
          
          
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          Location
          Toronto
          
          
          
          
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          Job Functions
          Administration
          
          
          
          
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          Work Location
          Remote
          
          
          
          
          
          

Keywords: RGA Reinsurance Company, Chesterfield , Reinsurance Analyst, Professions , Chesterfield, Missouri