Associate Analyst, Reinsurance
About The Position
Come join one of America’s fastest-growing insurance companies. Since 1848, National Life Group has aimed to keep our promises, providing families with stability in good times and in bad. Throughout that history, we have provided peace of mind to those families as they plan their futures. Our mission extends beyond the insurance and annuities policies that we offer. We strive to make the world a better place through our grants from our charitable foundation, paid volunteer time for our employees, environmentally sustainable and healthy workplaces, and events that promote the work of nonprofits in our own backyard. We foster a collaborative environment with opportunities for growth and encourage our associates to live our values: Do good. Be good. Make good. Role Summary Please note that we do not offer visa sponsorship for this position. Reinsurance plays an important role in supporting National Life Group’s growth. The ideal candidate will have a combination of analytical skills and a strong production mindset. This position is responsible for the administration of proportionally reinsured policies for all lines of business in accordance with the reinsurance agreements between National Life Group and the respective reinsurance companies. The candidate will also be responsible for maintaining and reconciling reinsurance records, files, and dashboards. This position requires attention to detail, ability to meet production deadlines, and an understanding of the financial impact of reinsurance.
Requirements
- Insurance Industry experience required
- Bachelor’s degree in finance or business-related field
- Strong proficiency in Excel, Access, Word, and PowerPoint
- Strong written and verbal communication skills with high attention to detail
- Strong analytical skills
- Ability to handle deadlines and changing priorities is a must
- A team player also able to perform independently
- Possess a partnership mindset and demonstrated ability to build effective working relationships across an organization.
Responsibilities
- Prepare, review, and reconcile periodic reinsurance settlement statements (e.g., premiums, claims, allowances, reserves, and balances due).
- Validate data received from internal systems and external reinsurers, generate reports and identify opportunities for standardization and automation, complete reconciliations, validate data and adjust as needed
- Maintain detailed documentation supporting settlements, assumptions, and adjustments
- Review new and existing reinsurance agreements, implement and or update
- Interact with reinsurers and support relationship management
- Support ad-hoc requests, including, audit, and regulatory
- Key areas of collaboration include Financial Reporting, Risk Management, Legal, Internal Audit, Pricing, Product Management, IT, Operations, Investments, and other areas as appropriate.
Benefits
- Your benefits start day one and are flexible and customizable to your and your family’s specific needs. Check out the BENEFITS of a Career at National Life!
- The total compensation package for this position may also include a full range of medical, financial, and/or other benefits (including 401(k) eligibility and various paid time off benefits, such as vacation, sick time, and parental leave), dependent on the position offered.
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
Number of Employees
501-1,000 employees
