A Reinsurance Analyst acts as a bridge between the primary insurance agencies and reinsurance companies. Job duties commonly associated with the role are listed on the Reinsurance Analyst Resume as – undertaking tasks such as data analysis, preparation, and dissemination of client information to reinsurers, interaction with contracts, and accounting team; performing in reinsurance monthly, quarterly, and yearly closing process, ensuring general ledger shows all accounting transactions for a given period, reviewing profit commissions accounts, adjusting retrospective premium, recommending management on implicit and ceded reinsurance account, and ensuring maintaining of all accounts.
Those seeking this job role must mention on the resume the following skills and abilities – the ability to apply basic mathematical concepts, strong interpersonal skills, solid written skills, proven public speaking and presentation skills, and proficiency with IT, and higher quantitative skills. Degree holders with majors in mathematics, finance, or economics are normally preferred for this position.
Summary : Seeking a Reinsurance Analyst position with an outstanding career opportunity that will offer a rewarding work environment along with a winning team that will fully utilize management skills.
Skills : MS Powerpoint, Analyst.
Description :
Reinsuranced gas businesses.
Supervised the placement of Facultative RI inwards and outwards business.
Prompted Reinsurance Claims Recovery from Reinsurers (Notification to Settlement).
Controlled of risk retention to avoid accumulation of risks.
Coordinated various reinsurance report & ensures timely submission to Reinsurers.
Reviewed of claim files & ensure compliance with service level standard.
Coordinated the inspection and adjustment of losses.
Experience
10+ Years
Level
Senior
Education
MS
Reinsurance Analyst Resume
Summary : High-performing, strategic-thinking professional with more than ten years of experience in a business analysis or IT professional role at a fortune 500 insurance company and with previous experience in management and program development. Professional experience in managing and leading multiple projects from requirements gathering, programming, new product implementation, new systems designs and process improvement.
Functioned as a Subject Matter Expert on the Account Standardization Project for the Reinsurance Team; Designed and developed departmental forms and procedural documentation for the New Business Department related to all accounting functions.
Researched innovative opportunities to enhance current processes; created and developed databases to track and audit receipt of cases related underwriting, data-improved process, production tracking and improved turnaround time by 80%.
Monitored retention, recapture, and other reports to ensure reinsured business is within corporate guidelines to include maximum retention of $2 million per life and $20 million jumbo limit.
Presented production data and provided analysis to Sr.
Vice President of Insurance Operations to help determine if the origination was meeting the business objectives.
Served a business unit tester and participated in implementation of TAI Reinsurance system updates.
Provided information to external paramedical vendors for auditing and compliance purposes.
Experience
10+ Years
Level
Senior
Education
Master Of Business Administration
Reinsurance Analyst Resume
Summary : Over 7 years of diversified IT, Financial and Business markets analysis experience, background includes reducing uncertainty through risk management; analysing, measuring, and creating value. Proactive management and strong leadership techniques to generate accomplishment-driven workplace environment; resulting in employee loyalty and customer satisfaction at all levels including C-level executives.
Skills : Payment Processing, Reconciliation And Reporting.
Description :
Performed a financial audit of 160 member files from HMO/POS Reinsurance Contracts dated 1997 - 1999 resulting in the recover of $1.2 million dollars.
Maintained the notifications, claim filings and recoveries for 18 self-funded employer groups Stop Loss Contracts.
Created and maintained several Access Databases to assist in developing monthly summary reports for each of the 18 self-funded employer groups.
Collected the HMO/POS data required to request proposals from reinsurance carriers, analyzed supporting documentation required by the carrier, made recommendations to Senior Management about the type of program that would be most appropriate and negotiated the terms of the annual HMO/POS Reinsurance Contract and Transplant Carve-out Contracts.
Evaluated utilization and expense data related to the HMO/POS Reinsurance Contracts resulting in changes to the type of coverage and a 90% reduction in the monthly premium.
Wrote the business requirements for a Reinsurance Database and Reporting System that would identify potential reinsurance cases and supported IT in the design and testing phases of the project.
Developed annual statistical reports underwriting expenses for yearly budgeting purposes.
Experience
7-10 Years
Level
Management
Education
MS
Reinsurance Analyst Resume
Headline : Office professional seeking a Reinsurance Analyst position with a growing organization that allows me to utilize my skills and experience to actively support the organization's long term goals.
Gathered all reinsurance information from offices in New York and Philadelphia.
Reviewed balances for reasonableness and accuracy.
Prepared summary and detailed exhibits for each reinsurance company.
Provided supporting backup as requested by reinsurers to facilitate offsets.
Communicated day-to-day issues with client management.
Prepared exhibits for possible reinsurance offsets and commutations.
Pursued reinsurance recoverable balances which averaged approximately in corporate savings monthly.
Experience
5-7 Years
Level
Executive
Education
Accounting & Management Studies
Reinsurance Analyst Resume
Summary : Several solid years of experience in progressively responsible positions in the Health Care/Medicaid and Excess Loss Industry. Areas of expertise include, but are not limited to Supervising, Auditing, Training, Client Services, Benefit Analysis, and Implementation. Successfully handled a $462K Aggregate Audit, with positive results Responsible for the recovery of $2.
Skills : Bloomberg, FactSet, Reuters, Interactive Data, Markit, State Street PAM, Morning Star, Computer: Advanced Microsoft Excel, C++, SQL, SAS, MATLAB, Maple, QuickBooks, PowerPoint.
Description :
Produced and processed reinsurance billings for client company contracts for 4 of the largest clients blocks under reinsurance contracts Served on acquisition team to lift and move business and implemented conversion on to a newly acquired and designed system.
Coded, tested and operated a new reinsurance billing system to ensure business processed correctly, system support staff was offsite in Milwaukee, Wisconsin - performed duties with limited supervision.
Required to perform technical system duties to ensure accuracy.
Trouble shooting, system error corrections, computer updates and system back up were required.
Implemented, tested and processed billings for self-administered reinsurance billing system on 200,000 policies/ month after conversion was completed.
Reported financial transactions of monthly accruals, of pending and paid claims for monthly valuation, account reconciliations, and internal/external audits.
Prepared, sent out, processed and corresponded with customers, clients, auditors and management concerning billings, accounting for billings or system issues meeting deadlines consistently.
Experience
7-10 Years
Level
Management
Education
B.S. In Sociology
Reinsurance Analyst Resume
Summary : Reinsurance Analyst with 30 years background in Accounting and Finance. Core competencies include Financial Reconciliation, Contract Management, and Invoicing Clients as well as excellent communication and time management skills. Handles tasks with accuracy and efficiency.
Skills : MS Word, Excel, Outlook, PP/Mac OS X, Pages, Key Note, CCure 9000 Security Monitoring Sys., CPR/AED Adult/Baby Certified.
Description :
Assessed and submitted client and/or reinsurer presentation materials and communications to resolve questions and secure reinsurer agreement and payment of claims and account balances.
Utilized Key Performance Indicators and other system tools to manage all brokerage receivables, funding, retention, e-trading, post booking receipt, ad hoc reporting requests, payment of funds and all management and transactional process steps to provide services in an efficient, effective and regulatory compliant manner.
Provided detailed information on accounting/claims process for request for proposal and sales opportunities.
Provided data analysis to assist clients with stop losses and contract renewals.
Coordinated and attended reinsurance audit/reviews with client and reinsurer.
Reviewed open claims and/or premium activity, reconcile records, and facilitate review/audit.
Created and maintained Access Database Reports to improve quality and workflow efficiency across the New Business/Underwriting team for several lines of business.
Experience
7-10 Years
Level
Management
Education
BS In Business Administration
Reinsurance Analyst Resume
Summary : A goal-oriented Reinsurance Analyst with experience administering and processing a wide variety of reinsurance-related transactions. Highly organized individual with the ability to multi-task and work well both independently and in a team environment. Has shown the initiative to proactively identify and address potential issues before they escalate into much larger dilemmas. A proven record of being reliable and working efficiently while helping the organization achieve its goals.
Responsible for analyzing the sufficiency of the reinsurers' trust accounts on a monthly basis and providing results to management on a quarterly basis for statutory reporting.
Responsible for ensuring the timely and accurate processing of monthly settlements to/from reinsurers.
Developed Reinsurance Manual for use in both external agent and internal associate training Implemented new quarterly excess release process using alternate bank accounts.
Developed the periodic tracking report and associated necessary correspondence to ensure a streamlined process.
Involved in detailed departmental audit of over four hundred and fifty reinsurance programs, to ensure all paperwork was up to date and programs were profiled correctly in the reinsurance administration system.
Prepared reinsurance agreements, trust agreements and amendments for execution received the organization's Tony Award for providing exceptional customer service.
Managed Global Marine Reinsurance ceded premium bookings for all captive, facultative and treaty reinsurance placements.
Experience
10+ Years
Level
Senior
Education
High School Diploma
Reinsurance Analyst Resume
Objective : Dependable, dedicated Accountant with extensive experience. Proficient in spreadsheet development, financial reporting, reinsurance, and general ledger reconciliations. Demonstrates strong interpersonal skills with the ability to teach and mentor, and create rapport with customers and co-workers. An independent worker who contributes to achieving organizational objectives. Consistently maintain a good attitude and sense of humor.
Skills : equity research, Financial analysis, Business forecasting.
Description :
Provided reinsurance accounting and analysis for third party clients.
Worked as part of a team in litigation support for liquidated insurance companies.
Calculated and billed recoverable amounts.
Prepared Schedule F for client financial statement package.
Worked closely with clients to collect recoverables and remit additional ceded premiums.
Became point of contact for team members that increased knowledge of the accounting treatment of reinsurance contracts.
Maintained reinsurance recoverable balances (for assigned accounts), aged greater than 90 days at the end of the year at year end level.
Experience
2-5 Years
Level
Executive
Education
MBA
Reinsurance Analyst Resume
Objective : Seeking a Reinsurance Analyst position where I can contribute and utilize the skills, knowledge, and experience that I have acquired throughout my professional and educational experiences.
Skills : Excel, Word, Calculator.
Description :
Responsible for financial functions such as Accounts Receivable and Accounts Payable of excess of loss due to insurance carriers.
Reviewed, analyzed and processed premium adjustments and reinstatement accounts.
Reviewed and analyzed treaty developments with significant fluctuations.
Reviewed and validated contracts in accordance with treaty specifications.
Managed overdue accounts to ensure payments were resolved on a timely basis.
Liaised with Claims and Underwriting units to ensure claims were processed efficiently.
Analyzed/handled high-risk multi-million dollar claims with a divisional focus on World Trade Center claims and fraud identification.
Experience
2-5 Years
Level
Executive
Education
BBA In Accounting
Reinsurance Analyst Resume
Objective : Reinsurance Analyst professional with strong technical expertise in the real estate and insurance industries. Professional and academic credentials as an educator/trainer with a broad range of related experience including classroom instruction and technology integration training.
Skills : Planning Skills, Collaborative Skills.
Description :
Interfaced with 25-30 multi-billion dollar reinsurers per month to process their participations on reinsurance programs.
Negotiated contract terms between reinsurers and clients to provide the best protection available.
Point of contact to streamline the information processing of requests between clients and reinsurers.
Initiated new file system that improved efficiency by 10-15%.
Structured reinsurance programs to maximize client financial benefit.
Collaborated with lawyers and brokers to determine optimal claim management process yielding best resolution for all parties.
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