Ceded Reinsurance Analyst

Overview

This role supports ceded reinsurance processes, contract management, treaty and facultative placement activities, and SOX controls. The position also assists with audit preparation and coordinates with internal stakeholders (including actuaries, finance, reinsurance operations, legal, and underwriting teams).

Responsibilities

SOX Controls (Quarterly)

• Prepare the report for the contract management control, including collecting supporting evidence.
• Prepare the report for the reinsurance credit rating control, including collecting supporting evidence.
• Prepare the report for the reinsurance contract main terms control, including collecting supporting evidence.
• Liaise with actuaries regarding the Risk Transfer report needed for the control.
• Improve controls for efficiency and develop new controls as needed (e.g., review information provided by Reinsurance Ops when a new reinsurance platform goes live).

Assist in Reinsurance Treaty Placement

• Request information from other teams to prepare the submission to markets; review the final submission pack.
• Prepare resumes and schematics (including additional reports such as sliding scale currently maintained in an Excel file intended to move into the new reinsurance platform).
• Support preparation of the TO BOOK email for finance/RI ops; when the new reinsurance app is working, add required information into the platform.

Contract Management

• Maintain accurate records of reinsurance contracts, endorsements, and correspondence (e.g., save in folders).
• Work with the team implementing Ironclad (contract management tool).
• When IronClad is up and running 100%, initiate the signature process for all documents.

Audit Support

• Assist in preparation of reinsurance data for internal and external audits.

Facultative Placement

• Liaise with UWs/MRDs to ensure policy and procedures are being followed.
• Review contract/endorsement documents and share them with legal.
• After placement is completed, share details with reinsurance operations.

Requirements

• Bachelor’s degree.
• Minimum of 3 years of experience in Ceded Reinsurance / Insurance.
• Proficiency in MS Office (Excel, Word, and PowerPoint).
• Understanding of reinsurance structures (proportional, non-proportional, facultative) and ceded reinsurance processes.
• Strong analytical skills and attention to detail.
• Ability to work independently and within a virtual team in a fast-paced environment.
• Excellent verbal and written communication.
• Strong collaboration skills in both in-person and virtual settings.
• Strong organizational skills with the ability to prioritize multiple tasks.