Lead Reinsurance Financial Analyst

Overview

A financial services organization is seeking a Lead Financial Analyst to join their Reinsurance team. This role focuses on administering reinsurance treaties and reporting, with an emphasis on process improvements and automation. The position is primarily remote with occasional work required at the Minneapolis office.

Responsibilities

• Administer reinsurance agreements, including preparing and compiling settlements and reports.
• Identify and lead process improvements within reinsurance workflows.
• Analyze current processes to create automation opportunities.
• Maintain the integrity of reinsurance administration systems and data.
• Review and validate reinsurance settlement reports from reinsurers for accuracy and completeness.
• Support financial close cycles by recording journal entries, issuing wires, reviewing operating statements, and providing variance analysis.
• Perform ad-hoc tasks, projects, and analyses with limited supervision.
• Collaborate with various business partners on reinsurance and reporting responsibilities.
• Communicate and liaise with reinsurers and third-party administrators to ensure report quality.
• Deliver clear and concise summaries of analyses tailored to different audiences.
• Participate in internal and external audit testing.
• Ensure compliance with audit standards and maintain effective controls in reinsurance processes.
• Provide technical guidance and mentorship to junior team members.
• Review work performed by offshore team members.
• Manage multiple competing priorities under tight deadlines.
• Work with large, complex Excel files and translate data into meaningful analysis.
• Perform other duties as assigned.

Requirements

• Bachelor's degree in Finance or Accounting.
• Minimum of 5 years of reinsurance finance experience, preferably with a life insurance focus.
• Experience working with administration systems, ledger data, and operating statements.
• Strong understanding of accounting principles, reinsurance operations, and financial reporting.
• Ability to collaborate with various organizational teams and leadership.

Preferred Qualifications

• Strong analytical skills with attention to detail; self-motivated and able to work independently.
• Ability to balance quantitative and qualitative analysis.
• Excellent oral and written communication skills.
• Knowledge of GAAP and Statutory reporting preferred.
• Familiarity with Oracle financial systems preferred.
• Advanced proficiency in Microsoft Excel and data visualization tools such as Tableau or Power BI.

Compensation & Benefits

• Annual base salary range: $110,000 - $128,000.
• Incentive opportunities including annual cash incentives, sales incentives, and/or long-term incentives based on role and performance.
• Health, dental, vision, and life insurance plans.
• 401(k) savings plan with company matching contributions up to 6%.
• Employer-paid cash balance retirement plan (4%).
• Tuition reimbursement up to $5,250 per year.
• Paid time off including 20 days PTO, nine company holidays, and a flexible Diversity Celebration Day.
• Paid volunteer time: 40 hours per calendar year.

Location

Primarily remote with occasional presence required at the Minneapolis office.