Ceded Reinsurance Operations Analyst

Location: New York City or Morristown, NJ office.

About the role

Our Ceded Reinsurance team is a globalized, customer-focused, dedicated and professional organization responsible for the purchasing and management of Ceded Reinsurance placements. The Ceded Operations team provides operations process support and analysis, aligning to a structure within the Ceded Purchasing team to support the front-end business functions of Property, Casualty, Assumed Treaty Reinsurance, and Specialty.

Responsibilities

• Manage ceded contract placements and set up ceded contract information in the sub-ledger system (FSRI).
• Collaborate with the Buying team to ensure accurate coding in FSRI in accordance with contract wording.
• Ensure data accuracy, coordinating reconciliation with the accounting team to confirm ceded results align with reinsurance agreement terms for global businesses.
• Conduct analysis and develop solutions for issues raised by ceded accounting and other departments related to ceded system calculations.
• Maintain and develop routine controls to ensure accuracy of ceded financials as calculated by the system.
• Maintain SOX control documentation, including treaty setup and treaty population completeness controls.
• Participate in ad hoc projects, including onboarding new business lines, testing system upgrades, data enhancements, and process documentation.

Requirements

• Minimum 5 years of related work experience in reinsurance and reinsurance concepts.
• Excellent communication and interpersonal skills, with the ability to work collaboratively across teams and functions.
• Highly organized and self-motivated, with a proven ability to prioritize projects and meet deadlines.
• Strong analytical acumen and logical problem-solving abilities.
• Proficiency in Microsoft Office Suite; experience with underwriting or financial systems, FSRI, or SAP preferred.
• Undergraduate degree or equivalent demonstrable industry experience.

Pay

Salary Range: $75,000–$130,000. Actual compensation for this role will depend on several factors including the cost of living associated with your work location, your qualifications, skills, competencies, and relevant experience.

Benefits

• Two medical plans to choose from, including a Traditional PPO & a Consumer Driven Health Plan with a Health Savings account providing a competitive employer contribution.
• Pharmacy benefits with mail order options.
• Dental benefits including orthodontia benefits for adults and children.
• Vision benefits.
• Health Care & Dependent Care Flexible Spending Accounts.
• Company-paid Life & AD&D benefits, including the option to purchase Supplemental life coverage for employee, spouse & children.
• Company-paid Disability benefits with very competitive salary continuation payments.
• 401(k) Retirement Savings Plan with competitive employer contributions.
• Competitive paid-time-off programs, including company-paid holidays.
• Competitive Parental Leave Benefits & Adoption Assistance program.
• Employee Assistance Program.
• Tax-Free Commuter Benefit.
• Tuition Reimbursement & Professional Qualification benefits.