| Chicago
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Primary Purpose:

Responsible for all financial aspects relating to reinsurance purchasing, tracking and reporting. Can be considered for Sr. Manager and Director levels dependent on experience.

Essential Duties and Responsibilities:

Following is a summary of the essential functions for this job. Other duties may be performed, both major and minor, which are not mentioned below. Specific activities may change from time to time.

  • Ensure accurate ledgering of all reinsurance contracts including recoverable/payable tracking and payment booking.
  • Monitor reinsurer recoverables, manage collateral provided, and identify any reinsurer collectability concerns.
  • Collaborate with IT to program new reinsurance contracts into the reinsurance reporting system.
  • Lead annual preparation of Schedule F.
  • Regularly compile reinsurance bordereaus and reports, ensuring timely and accurate delivery.
  • Design and implement processes in compliance with auditing standards.
  • Manage relationships with reinsurers and reinsurance brokers.
  • Communicate and collaborate with business partners in other functional areas, including product, finance, accounting, claims, IT, and senior management.
  • Manage Reinsurance Team.

Minimum Skills and Competencies:

The requirements listed below are representative of the knowledge, skill and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

  • Bachelor Degree or in-lieu of degree equivalent education, training and work-related experience
  • 5+ years of experience with financial reporting
  • 1+ years of experience with reinsurance
  • 1+ years of experience managing people and projects
  • Strong computer skills with high proficiency in managing and manipulating data in Excel
  • Experience pulling data using SQL
  • Strong analytical, critical thinking, and project skills
  • Must possess effective verbal and written communication skills
  • Works independently with little supervision, and strong team player
  • Proficient in Microsoft Office (Word, Excel, Outlook, PowerPoint)

Desired Skills:

  • Bachelor or advanced degree in insurance, actuarial science, mathematics, risk management, economics, accounting, business administration or related analytics-oriented discipline
  • CPA
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Our company is in the heart of Downtown, with a ground level Starbucks, where the train is just steps away. We boast a new, all glass office space.