Reinsurance Program Lead

About the Role

The Reinsurance Program Lead oversees the company's reinsurance operations, accounting, and administration, supporting the execution of the organization's reinsurance program. This role ensures accurate administration of reinsurance contracts, timely financial reporting, recoverables management, and compliance with contractual, regulatory, and accounting requirements. The Lead collaborates closely with Finance, Underwriting, Claims, Actuarial, and external brokers and reinsurers to provide operational and financial support for the company's reinsurance strategy.

Responsibilities

• Manages the day-to-day administration of treaty and facultative reinsurance programs, ensuring accurate implementation of contract terms.
• Oversees reinsurance accounting activities, including ceded premium and loss reporting, recoverables, settlements, and account reconciliations.
• Ensures timely and accurate reporting to reinsurers, brokers, auditors, and regulatory agencies.
• Monitors reinsurance recoverables and collaborates with Claims and Finance to facilitate timely collections and resolve outstanding balances.
• Coordinates reinsurance renewal activities by preparing data, financial analyses, and supporting documentation for management, brokers, and reinsurers.
• Reviews reinsurance contracts to ensure operational processes align with contract provisions and identify potential issues requiring resolution.
• Partners with Underwriting, Actuarial, Finance, and Claims to support the administration and financial reporting of the reinsurance program.
• Maintains accurate reinsurance records and documentation, ensuring compliance with internal controls, accounting standards, and regulatory requirements.
• Supports internal and external audits by providing requested documentation, reconciliations, and analysis.
• Prepares recurring management reports and analyses related to ceded results, recoverables, treaty activity, and operational performance.
• Identifies opportunities to improve reinsurance processes, controls, reporting, and system efficiency.
• Performs other duties as assigned.

Requirements

• Bachelor’s degree in Insurance, Finance, Risk Management, Mathematics, or related field.
• Typically requires 7+ years of progressive reinsurance or insurance experience.

Qualifications

• CPCU, ARe, or FCAS/ASAS designations preferred.

Skills

• Demonstrated ability to influence executive-level decision-making.
• Effective communication in both oral and written form.
• Handling difficult and stressful situations with professional composure.
• Analyzing, organizing, and prioritizing work while meeting multiple deadlines.
• Logical organization and reasoning.
• Leadership, analytical, and communication skills.
• Negotiating with reinsurers and brokers.
• Managing one’s own time and working independently.
• Customer service.
• Knowledge of capital modeling and enterprise risk management.
• Property & casualty insurance operations.
• Reinsurance accounting and regulatory reporting.
• Treaty structures, facultative placements, and catastrophe management.
• Proficiency in Microsoft Office software.