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 : Accomplished Reinsurance Analyst with a decade of expertise in risk assessment and claims management within the insurance sector. Proven track record in optimizing reinsurance processes, enhancing recovery strategies, and ensuring compliance with industry standards. Adept at analyzing complex data to inform strategic decision-making, driving efficiency, and fostering collaborative relationships with reinsurers.
Skills : Data Visualization Tools, Risk Assessment, Data Analysis, Financial Modeling
Description :
Managed reinsurance placements for various business units, ensuring optimal coverage and cost efficiency.
Supervised the assessment and recovery of reinsurance claims from notification to settlement.
Implemented risk retention strategies to mitigate exposure and prevent accumulation of risks.
Coordinated timely submission of reinsurance reports to stakeholders, enhancing communication and transparency.
Reviewed claim files for compliance with industry standards and service level agreements.
Facilitated inspections and adjustments of losses, ensuring accurate documentation and reporting.
Analyzed reinsurance trends and provided insights to senior management for strategic planning.
Experience
10+ Years
Level
Senior
Education
B.S. Finance
Reinsurance Analyst Resume
Summary : Dynamic Reinsurance Analyst with 10 years of specialized experience in risk management, data analysis, and process optimization. Expertise in enhancing reinsurance frameworks, ensuring compliance, and fostering partnerships with key stakeholders. Proven ability to leverage analytical skills for strategic insights, driving improvements in operational efficiency and financial performance.
Skills : Reinsurance Software Proficiency, Data Analysis and Reporting, Advanced Excel Skills, Insurance Data Management, Process Improvement Strategies
Description :
Created innovative databases to enhance tracking and auditing processes, resulting in an 80% improvement in case turnaround times.
Monitored retention and recapture reports to ensure compliance with corporate guidelines, maintaining maximum retention limits.
Analyzed production data and presented findings to senior management, aligning origination processes with business objectives.
Participated in the implementation of TAI Reinsurance system updates as a business unit tester.
Provided essential information to external vendors for compliance audits, ensuring adherence to industry standards.
Conducted regular reviews of reinsurance processes, identifying areas for improvement and implementing strategic changes.
Experience
10+ Years
Level
Senior
Education
B.S. Finance
Reinsurance Analyst Resume
Summary : With 10 years of extensive experience in reinsurance analysis, I excel in risk evaluation, claims processing, and data-driven decision-making. My expertise in optimizing reinsurance frameworks and enhancing recovery strategies has consistently improved operational efficiencies. I am committed to fostering strong partnerships with stakeholders while ensuring compliance with industry regulations.
Conducted comprehensive financial audits of reinsurance contracts, recovering over $1.2 million in funds.
Managed notifications and claims for 18 self-funded employer groups, ensuring timely recoveries.
Developed Access databases to generate monthly summary reports for stakeholders.
Analyzed data to request proposals from carriers, negotiating favorable terms for reinsurance contracts.
Evaluated expense data to adjust coverage types, achieving a 90% reduction in premiums.
Defined business requirements for a Reinsurance Database, facilitating better case identification.
Created annual statistical reports to inform budgeting decisions.
Experience
7-10 Years
Level
Management
Education
B.S. Finance
Reinsurance Analyst Resume
Headline : Seasoned Reinsurance Analyst with 7 years of dedicated experience in risk assessment, claims management, and reinsurance optimization. Skilled in data analysis and strategic decision-making, I enhance recovery strategies and ensure compliance with regulatory standards. My proactive approach fosters strong relationships with stakeholders, driving efficiency and supporting organizational goals.
Collected and analyzed reinsurance data from multiple offices to ensure accuracy and completeness.
Reviewed financial balances for accuracy, enhancing data integrity and compliance.
Created detailed reports for reinsurance companies, significantly improving communication and transparency.
Provided necessary documentation to reinsurers to facilitate timely offsets and recoveries.
Collaborated with client management to address operational issues effectively.
Prepared detailed exhibits for potential reinsurance offsets and successful commutations.
Monitored and pursued recoverable balances, contributing to monthly corporate savings.
Experience
5-7 Years
Level
Executive
Education
B.S. Finance
Reinsurance Analyst Resume
Summary : Versatile Reinsurance Analyst with a decade of experience specializing in risk evaluation, claims analysis, and reinsurance optimization. Proven expertise in enhancing operational efficiency and compliance through data-driven strategies and effective stakeholder collaboration. Committed to leveraging analytical insights to drive improvements and foster robust partnerships in the insurance sector.
Skills : Reinsurance Risk Assessment, Claims Analysis, Data Management, Reinsurance Process Optimization, Statistical Analysis
Description :
Produced and processed reinsurance billings for major client contracts, ensuring compliance with all regulatory requirements.
Led the implementation of a new reinsurance billing system, enhancing accuracy and operational efficiency.
Conducted technical system duties to maintain data integrity and address system errors effectively.
Managed troubleshooting and system updates, ensuring minimal disruption to business operations.
Oversaw the processing of self-administered reinsurance billing for over 200,000 policies monthly post-conversion.
Reported on financial transactions related to monthly accruals and conducted thorough account reconciliations.
Communicated effectively with clients and auditors regarding billing issues, consistently meeting deadlines.
Experience
7-10 Years
Level
Management
Education
B.S. Finance
Reinsurance Analyst Resume
Summary : Driven Reinsurance Analyst with a decade of specialized experience in risk assessment, data analysis, and optimizing reinsurance operations. My proven ability to enhance recovery strategies and ensure regulatory compliance has consistently supported organizational growth. I excel in leveraging analytical insights to foster effective partnerships and improve operational efficiencies in the insurance sector.
Skills : Report Generation, Presentation Skills, Communication Skills, Problem Solving
Description :
Facilitated the assessment and submission of client and reinsurer communications to resolve inquiries and secure timely payments of claims and account balances.
Leveraged Key Performance Indicators to manage brokerage receivables, ensuring regulatory compliance and operational efficiency.
Provided in-depth analysis on accounting and claims processes for proposals and sales opportunities.
Conducted data analysis to assist clients with contract renewals and stop-loss evaluations.
Coordinated and participated in reinsurance audits with clients and reinsurers.
Reviewed claims and premium activities to reconcile records and facilitate audits.
Developed and maintained Access Database Reports, improving workflow efficiency across underwriting teams.
Experience
7-10 Years
Level
Management
Education
B.S. Finance
Reinsurance Analyst Resume
Summary : Strategically focused Reinsurance Analyst with 10 years of deep expertise in risk evaluation and data analytics within the insurance landscape. I have successfully streamlined reinsurance processes, optimized financial recoveries, and ensured adherence to regulatory standards. My analytical skills enable me to drive impactful decision-making and cultivate strong relationships with stakeholders.
Skills : Team Collaboration, Project Management, Data Visualization, Actuarial Knowledge, Insurance Principles
Description :
Analyzed the sufficiency of reinsurers' trust accounts monthly, providing quarterly results for regulatory reporting.
Ensured timely and accurate processing of monthly settlements with reinsurers, improving cash flow management.
Authored a comprehensive Reinsurance Manual for training external agents and internal associates, enhancing operational consistency.
Initiated a quarterly excess release process utilizing alternate bank accounts to optimize cash management.
Conducted a thorough audit of over 450 reinsurance programs, ensuring compliance and accuracy in profiling within the administration system.
Drafted and executed reinsurance agreements and trust agreements, significantly improving the negotiation process.
Managed Global Marine Reinsurance ceded premium bookings, enhancing accuracy across captive, facultative, and treaty placements.
Experience
10+ Years
Level
Senior
Education
B.S. Finance
Reinsurance Analyst Resume
Objective : Results-oriented Reinsurance Analyst with 5 years of focused experience in risk assessment and claims processing. Skilled in optimizing reinsurance operations and enhancing recovery strategies, I leverage data analysis to drive informed decision-making. Committed to maintaining compliance and fostering strong relationships with reinsurers to support organizational objectives.
Provided comprehensive reinsurance analysis and accounting for third-party clients.
Collaborated with legal teams in litigation support for liquidated insurance companies.
Calculated recoverable amounts and ensured accurate billing processes.
Prepared Schedule F for client financial statements, ensuring compliance with standards.
Engaged with clients to facilitate recoverables collection and manage ceded premiums.
Acted as a key resource for team members on reinsurance contract accounting.
Maintained up-to-date reinsurance recoverable balances for accounts aged over 90 days.
Experience
2-5 Years
Level
Executive
Education
B.S. Finance
Reinsurance Analyst Resume
Objective : Insightful Reinsurance Analyst with 5 years of experience in risk assessment and claims evaluation. Proficient in analyzing complex data and optimizing reinsurance processes to enhance operational efficiency. Committed to maintaining compliance and building collaborative relationships with stakeholders, driving strategic improvements and financial performance in the insurance sector.
Oversaw financial functions, including Accounts Receivable and Accounts Payable, related to excess of loss from insurance carriers.
Analyzed and processed premium adjustments and reinstatement accounts, ensuring accuracy.
Evaluated treaty developments, identifying significant fluctuations and their implications.
Validated contracts in alignment with treaty specifications, ensuring compliance.
Managed overdue accounts, ensuring timely resolution of payments.
Collaborated with Claims and Underwriting units to enhance claims processing efficiency.
Analyzed high-risk multi-million dollar claims, focusing on fraud identification and recovery.
Experience
2-5 Years
Level
Executive
Education
B.S. Finance
Reinsurance Analyst Resume
Objective : Detailing five years as a Reinsurance Analyst, I specialize in risk assessment, data analysis, and process enhancement. My ability to optimize reinsurance frameworks and manage complex claims has significantly improved operational outcomes. I thrive in collaborative environments, ensuring compliance and fostering strong relationships with stakeholders to drive strategic growth.
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