Business Operations Analyst - Reinsurance Administration

Securian Financial • Saint Paul, MN

3h • Hybrid

About The Position

The Reinsurance Center of Excellence (RCOE) is responsible for the administration of Securian’s enterprise reinsurance program across all solution groups, including Employee Benefits Solutions (EBS), Individual, and Affinity. The Reinsurance Administration team is responsible for the transfer of risk between Securian and our reinsurance partners in accordance with reinsurance treaties. The Business Operations Analyst plays a key role in supporting reinsurance administration by interpreting reinsurance agreements, configuring reinsurance systems and reporting tools, validating reinsurance reports, and ensuring the timely remittance and reimbursement of funds per the terms of the agreements. The Business Operations Analyst also contributes to continuous improvement efforts by identifying opportunities to optimize processes, improve data quality, and leverage tools and technologies to increase efficiency and scalability. This position provides exposure across multiple solution groups and offers the opportunity to build a broad foundation in reinsurance operations while developing analytical and problem-solving capabilities.

Summary: The Business Operations Analyst supports the administration of Securian Financial Group’s enterprise reinsurance programs by performing key operational and analytical functions across multiple solution groups. This role is responsible for interpreting reinsurance agreements, configuring and maintaining system data, validating premium and claims reporting, and ensuring accurate and timely financial settlements with reinsurance partners. It combines execution of core administrative processes with analytical review to identify discrepancies, drive issue resolution, and maintain data integrity. In addition, the Business Operations Analyst contributes to continuous improvement efforts by identifying opportunities to optimize processes, improve data quality, and leverage tools and technologies to improve efficiency and support scalable operations.

Requirements

• Analytical and problem-solving skills to interpret contract/treaty provisions and ensure administration is aligned with reinsurance agreements.
• Personal accountability to meet deadlines, advance professional development, and continuously improve individual and team performance.
• Proactive ownership of issues, with a demonstrated ability to drive resolution by coordinating across stakeholders and ensuring accountability.
• Proficiency in Excel, including XLOOKUP, SUMIFS, PivotTables, and complex formulas; experience with macros (VBA) is a plus.
• Communication and human relations skills to effectively interact with internal and external stakeholders.
• Organizational skills and the ability to adapt to changing priorities in a fast-paced service environment while ensuring service standards are met.
• Strong technical acumen with the ability to quickly learn and effectively utilize systems and tools, including financial and reinsurance administration systems, data and analytics tools, and emerging technologies such as AI.
• Professional curiosity – willingness to challenge procedures appropriately and suggest more effective alternatives.
• Ability to work independently and as part of a team.

Nice To Haves

• Knowledge of Securian Financial products, riders and benefits.
• Knowledge to interpret each treaty/contract to process business within contract parameters.
• Knowledge of reinsurance administration systems and processes.
• Accurate Reporting
• Client Issue Resolution
• Data Integrity
• Detail-Oriented
• Proactive Thinking
• Problem Solving
• Researching
• Task Organization

Responsibilities

• Understand reinsured products and processes for each solution group, interpret reinsurance treaties for each reinsurer, and apply procedures required to administer reinsurance agreements in accordance with treaty terms.
• Perform, review, and approve monthly and quarterly reinsurance administrative functions including premium remittance processes, claims reimbursement processes, and net settlement processes across all solution groups.
• Compute, review, and configure operational data factors for reinsurance system generated premium calculations.
• Proactively identify, communicate, and drive resolution of discrepancies and deviations from expected trends.
• Engage internal and external stakeholders to achieve timely and effective resolution.
• Support the quarterly financial reporting process, ensuring accuracy and timeliness in a deadline-driven environment.
• Actively participate in continuous improvement initiatives by identifying and recommending procedural improvements to enhance cost effectiveness, quality, and service.
• Provide project support as needed; the scope of projects will vary based on department needs.
• Compile, analyze, and audit data to prepare periodic analyses of reinsurance information for audits and ad hoc reporting requests.
• Ensure Securian Financial’s professional and positive reputation is upheld with internal and external stakeholders through efficient service, proactive communication, and accurate reporting.
• Support other reinsurance administration processes and functions as needed.

Benefits

• Paid time off
• Leave programs (parental leave, caregiver leave for family members, bereavement and military leave)
• Nine company paid holidays
• Company-funded pension plan
• 401(k) retirement plan with company contribution up to 10 percent of eligible earnings
• Medical, dental and vision coverage from the first day of employment
• Volunteer paid time off
• Dollar-for-dollar matching gift program
• Associate Resource Groups

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: No Education Listed