Business Operations Analyst - Reinsurance Administration

The Reinsurance Center of Excellence (RCOE) is responsible for the administration of Securian’s enterprise reinsurance program across all solution groups, including Employee Benefits Solutions (EBS), Individual, and Affinity. The Reinsurance Administration team ensures the transfer of risk between Securian and reinsurance partners in accordance with reinsurance treaties. This role supports reinsurance administration by interpreting agreements, configuring systems, validating reports, and ensuring timely remittance and reimbursement of funds. It also contributes to continuous improvement by optimizing processes, improving data quality, and leveraging tools for efficiency and scalability. This position offers exposure across multiple solution groups and builds a broad foundation in reinsurance operations while developing analytical and problem-solving skills.

Responsibilities

• Understand reinsured products and processes for each solution group, interpret reinsurance treaties, and apply procedures required to administer agreements in accordance with treaty terms.
• Perform, review, and approve monthly and quarterly reinsurance administrative functions, including premium remittance, claims reimbursement, and net settlement processes across all solution groups.
• Compute, review, and configure operational data factors for reinsurance system-generated premium calculations.
• Proactively identify, communicate, and drive resolution of discrepancies and deviations from expected trends, engaging internal and external stakeholders for timely resolution.
• Support the quarterly financial reporting process, ensuring accuracy and timeliness in a deadline-driven environment.
• Actively participate in continuous improvement initiatives by identifying and recommending procedural improvements to enhance cost-effectiveness, quality, and service.
• Provide project support as needed, with scope varying based on department needs.
• Compile, analyze, and audit data to prepare periodic analyses of reinsurance information for audits and ad hoc reporting requests, upholding Securian’s professional reputation.
• Support other reinsurance administration processes and functions as needed.

Requirements

• Analytical and problem-solving skills to interpret contract/treaty provisions and ensure administration aligns with reinsurance agreements.
• Personal accountability to meet deadlines, advance professional development, and continuously improve individual and team performance.
• Proactive ownership of issues, with demonstrated ability to drive resolution by coordinating across stakeholders.
• Proficiency in Excel, including XLOOKUP, SUMIFS, PivotTables, and complex formulas; experience with macros (VBA) is a plus.
• Strong communication and human relations skills to interact effectively with internal and external stakeholders.
• Organizational skills and adaptability to changing priorities in a fast-paced environment while maintaining service standards.
• Technical acumen to quickly learn and utilize systems and tools, including financial and reinsurance administration systems, data analytics tools, and emerging technologies like AI.
• Professional curiosity—willingness to challenge procedures and suggest more effective alternatives.
• Ability to work independently and as part of a team.

Preferred Qualifications

• Knowledge of Securian Financial products, riders, and benefits.
• Experience interpreting treaties/contracts to process business within contract parameters.
• Knowledge of reinsurance administration systems and processes.

Skills

• Accurate Reporting
• Client Issue Resolution
• Data Integrity
• Detail-Oriented
• Proactive Thinking
• Problem Solving
• Researching
• Task Organization

Pay

The estimated base pay range for this job is $48,200.00 - $91,000.00. Pay may vary depending on job-related factors such as individual experience, skills, and knowledge. More information on base pay and incentive pay (if applicable) can be discussed with a member of the Securian Financial Talent Acquisition team.

Benefits

• Paid Time Off: Flexible PTO program allowing associates to take meaningful time away, with additional PTO rewarded for service longevity.
• Leave Programs: Parental leave, caregiver leave, bereavement, and military leave.
• Holidays: Nine company-paid holidays.
• Retirement Plans: Company-funded pension plan and a 401(k) retirement plan with company contributions tied to performance (target of 5%, up to 10% of eligible earnings).
• Health Insurance: Medical, dental, and vision coverage for associates and eligible family members from the first day of employment.
• Volunteer Time: Paid volunteer time off, dollar-for-dollar matching gift program, and company-sponsored volunteer events.
• Associate Resource Groups (ARGs): Employee-led groups focused on interests and affinities, including:
  • Environmental Health & Sustainability
  • Mental Wellness and Disability
  • Pride at Securian Financial
  • Securian Young Professionals Network
  • Securian Multicultural Network
  • Securian Women and Allies Network
  • Servicemember Associate Resource Group

Schedule

Securian Financial offers a hybrid work model. Associates within a commutable distance (90 minutes) are expected to work in the office 3 days per week for collaboration and relationship-building, with flexibility for business and personal schedules.