Assumed Reinsurance Analyst I - Remote

Emergent Holdings • Lansing, MI

2d • $60,000 - $100,600 • Remote

About The Position

The Reinsurance Team is responsible for the assumed reinsurance of the organization and related analytics including geo-spatial risk measurement, catastrophe modelling, and catastrophe event reporting. This includes implementation of the organization’s treaties, including system setup, cross department coordination, submission review, contract/terms negotiation, managing treaty documentation, and all related compliance and control processes. The position is responsible for working with brokers, intermediaries, and reinsurers in the placement and assumption of reinsurance agreements. Role will require utilization of analytical and critical thinking skills to help identify risks faced by business units and determining mitigating reinsurance solutions.

Requirements

• Bachelor’s degree in a related field is required. Business or insurance related major preferred.
• One (1) to three (3) years of relevant experience required.
• Knowledge of property and casualty insurance, reinsurance performance, and risk metrics
• Ability to work with large data sets in excel, including but not limited to data analysis, charting, pivot tables, and advanced formulas (e.g., vlookups).
• Ability to apply the principles of logical thinking to define problems, collect data, establish facts and draw conclusions.
• Ability to effectively exchange information clearly and concisely, present ideas, report facts and other information, and respond to questions as appropriate.

Nice To Haves

• Coursework initiated towards Chartered Property Casualty Underwriter (CPCU) and/or Associate in Reinsurance (ARe) designations from The Institutes is strongly preferred.

Responsibilities

• Coordinate with brokers, business divisions, actuarial, corporate U/W, and other areas to review reinsurance submissions under the guidance of their manager or senior analysts, including data testing and validation.
• Document reinsurance contracts, terms, and all other reinsurance compliance and control items.
• Prepare exhibits in support of reinsurance reports and presentations.
• Facilitate special acceptance or referral processes related to reinsurance.
• Communicate with reinsurers and brokers in support of reinsurance placement.
• Performs ad-hoc projects, research, and analysis in support of reinsurance placements and strategies.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level