Manager, Reinsurance Operations

Travelers • Hartford, CT

13d

About The Position

This is a new and exciting opportunity in the assumed side of Reinsurance Operations with a focus on international business. As a Manager, Reinsurance Operations, you will manage the review, analysis, and administration of the operational activities related to moderately complex reinsurance contracts and financial reports. You will provide effective management, direction, and coordination among team members, ensuring accurate calculation, analysis, and recording of financial results within company guidelines. By leveraging your interpersonal, leadership skills and forward-thinking attitude you will build relationships with internal and external business partners. You will provide technical data analysis, reporting and support for unit projects.

Requirements

• Five years of related work experience with two years acting as a team lead and/or management experience.
• Proficient knowledge of Microsoft PowerPoint and Excel.

Nice To Haves

• Bachelor’s Degree in accounting, finance, or a related field.
• Six years of related work experience.
• General knowledge of insurance business or reinsurance.
• General knowledge of accounting theory and practice.
• Professional designation or working towards professional designation (MBA, CPA, ARe, CPCU).
• Experience leading and managing complex projects.
• Excellent communication skills with the ability to interact with all levels of management.
• Excellent ability to connect with and effectively build relationships in a cross-functional team to complete project goals.
• Strong analytical skills with the ability to evaluate and understand trends and translate into business partners.
• Manage a team and provide strategic direction on opportunities.
• Strategic thinker with the ability to use sound judgement to resolve issues as they arise.

Responsibilities

• Calculate, analyze, and record proper financials within company guidelines.
• Anticipate and resolve problems on complex issues.
• Make recommendations on possible solutions and refer critical issues to the appropriate level of management.
• Use technical financial/accounting expertise to assist internal and external clients and less-experienced staff.
• Ensure timely management of financial transactions by maintaining diary, monitoring payable/receivables/suspense and completing complex entries and/or cash applications across various systems.
• Review and approve moderately complex transactions.
• Review and interpret Reinsurance documents for both establishment into contract systems and/or for knowledge on accounting mechanics and requirements within the contract.
• Provide support to less experienced staff on contractual issues.
• Maintain collaborative relationships with reinsurance personnel to ensure the proper accounting of receivables/payables.
• Prepare, evaluate, complete and review reconciliations prepared by the team.
• Attend broker and reinsurer meetings prepared to discuss assigned contract/premium issues.
• Assist internal Finance partners to ensure proper reporting of the reinsurance financials.
• Participate in and occasionally takes the lead on various reinsurer activities such as non-payment issues, commutations, insolvencies, audits, etc.
• Make recommendations on system, procedure and/or workflow enhancements to improve the effectiveness and efficiency of reinsurance operations.
• Coordinate workflows, train, mentor, and utilize team members’ strengths.
• Other duties as assigned.

Benefits

• Health Insurance : Employees and their eligible family members – including spouses, domestic partners, and children – are eligible for coverage from the first day of employment.
• Retirement: Travelers matches your 401(k) contributions dollar-for-dollar up to your first 5% of eligible pay, subject to an annual maximum. If you have student loan debt, you can enroll in the Paying it Forward Savings Program. When you make a payment toward your student loan, Travelers will make an annual contribution into your 401(k) account. You are also eligible for a Pension Plan that is 100% funded by Travelers.
• Paid Time Off: Start your career at Travelers with a minimum of 20 days Paid Time Off annually, plus nine paid company Holidays.
• Wellness Program: The Travelers wellness program is comprised of tools, discounts and resources that empower you to achieve your wellness goals and caregiving needs. In addition, our mental health program provides access to free professional counseling services, health coaching and other resources to support your daily life needs.
• Volunteer Encouragement: We have a deep commitment to the communities we serve and encourage our employees to get involved. Travelers has a Matching Gift and Volunteer Rewards program that enables you to give back to the charity of your choice.

What This Job Offers

• Job Type: Full-time
• Career Level: Manager
• Number of Employees: 5,001-10,000 employees