Lead, Ceded Reinsurance Administration (HYBRID OR REMOTE)

Equitable•Syracuse, NY

3d•$100,000 - $140,000•Hybrid

About The Position

At Equitable, we help clients secure their financial well-being so they can pursue long and fulfilling lives - a mission we’ve honed since 1859. Equitable is looking for an experienced Lead, Ceded Reinsurance Administration to join our Reinsurance Treaty Administration team. Reporting to the Director of Reinsurance Administration, this position is responsible for supporting Finance Operations within the Accounting Center of Excellence while driving excellence in reinsurance treaty administration and related financial processes. Reinsurance is a key component of Equitable’s strategy to manage capital, support growth, and return value to our shareholders. This role leads a team of Reinsurance professionals to develop subject matter expertise on a portfolio of ceded life and annuity reinsurance treaties. This position partners with Finance, Product, and IT teams to operationalize reinsurance transactions, and manage ongoing settlements and reporting. A key focus of this role is to manage detailed treaty and policy-level information to ensure Equitable complies with all policy, treaty, and reporting requirements. The Lead, Ceded Reinsurance Administration will identify and support opportunities to automate and improve the administration of our ceded treaties. They will provide business insights to stakeholders.

Requirements

Bachelors degree
6+ years reinsurance operational experience working with life and/or annuity products.
2+ years of people leadership experience, including coaching, mentoring, and empowering team members to achieve shared goals.
Demonstrated understanding of reinsurance administration, treaty mechanics and accounting implications.
Continuous improvement mindset with experience analyzing reinsurance administration processes, identifying control and efficiency gaps, and leading initiatives to improve treaty administration, reporting, and settlement activities.
Skilled at using quantitative and qualitative data to diagnose issues, evaluate alternatives, and communicate recommendations that drive informed business decisions.
Established user of reinsurance technology applications (e.g., TAI), Microsoft suite, particularly Excel.
Ability to work collaboratively and efficiently with a diverse group of subject matter experts.

Nice To Haves

Experience partnering with external reinsurers and asset managers.
Experience in change management.
Knowledge of SOX and audit requirements.

Responsibilities

Develop and maintain deep understanding of reinsurance treaty provisions and serve as a subject matter expert for various inquiries.
Lead a team supporting treaty administration and analysis activities.
Prepare and/or review and analyze monthly and quarterly treaty settlement statements and manage reinsurance receivables and payables with counterparties.
Partner with accounting and financial reporting teams to support financial close processes.
Analyze and monitor actual treaty experience in accordance with corporate risk sharing and retention limits.
Prepare and analyze reinsurance treaty financial results and analyze trends relative to prior periods, annual budget and strategic plans.
Manage and monitor reinsurance claims processing, including responding to reinsurance counterparty inquiries regarding validation of complex claims to validate accuracy and ensure alignment with treaty parameters.
Provide input in design of new treaties and amendments to existing treaties and lead implementation of administrative function.
Provide analysis to support treaty negotiations and arbitrations.
Design efficient, effective and scalable processes and controls with focus on continuous improvement.
Coordinate required communication and documentation gathering to support internal and external audits.