Reinsurance Operations Manager
Core
Manage day-to-day reinsurance operations, lead a team of 4-5 professionals, and serve as the primary liaison for the ReAcct ceded reinsurance system.
Role type
Senior IC Reinsurance Operations Manager
Builds
Ceded reinsurance subledger setups, billing statements, and financial reporting for reinsurance partners.
Domain
Insurance (Property & Casualty) / Reinsurance Operations
Required skills
Reinsurance operations management, Team leadership (offshore), Ceded reinsurance contract setup, Reconciliation, Cash application, US GAAP, Insurance Statutory accounting, Excel (PivotTables, VLOOKUP, SUMIF)
Preferred skills
ReAcct or similar policy administration systems, Property & casualty insurance industry experience, Ceded reinsurance accounting reports (Schedule F), Underwriting and claims knowledge
Technologies
ReAcct, Excel
Responsibilities
Manage a growing offshore team of 4-5 reinsurance professionals in AP/AR and bordereaux; Review ceded reinsurance contractual terms for new and renewal programs; Partner with Data and IT teams to define data requirements for accurate contract setup; Lead new and renewal program and reinsurance contract set-up (Quota Share and Excess of Loss); Oversee reconciliations between the ceded reinsurance subledger and source systems; Manage the reinsurance cash application process and oversee monthly reporting to the Treasury Department; Oversee all aspects of the ReAcct ceded reinsurance subledger including system monitoring and SOX compliance.