Reinsurance Analyst (Mid-Level)

USAA•Tampa, FL

3d•$69,920 - $133,620•Hybrid

About The Position

As a dedicated Reinsurance Analyst (Mid-Level), you will support reinsurance processes for annuity and life insurance products through various activities, including processing death claims, administering reinsurance, performing account reconciliations, providing audit support and coordination, and generating reports and analyses. The position is also responsible for managing reinsurance risk, audit support, financial analysis, and producing reinsurance-related reports. Furthermore, this role participates in the orchestration of activities to develop and complete business deliverables, including developing and documenting project business requirements and translating those requirements into functional system specifications. We offer a flexible work environment that requires an individual to be in the office 4 days per week. This position can be based in one of the following locations: San Antonio, TX, Plano, TX, Phoenix, AZ, Colorado Springs, CO, Charlotte, NC, or Tampa, FL. Relocation assistance is not available for this position.

Requirements

Bachelor's degree; OR 4 years of relevant education and/or experience.
3 years of experience as an analyst or other relevant work experience.
2+ years of hands-on experience with Microsoft Excel, including practical application of advanced features like Pivot Tables, Lookup functions (e.g., VLOOKUP, HLOOKUP), and data analysis.

Nice To Haves

1 year in Life and/or Annuity reinsurance administration.
2+ years of experience within the Life Insurance and/or Annuity product space (covering areas like underwriting, claims, sales, or service).
Bachelor's or Master's degree in Statistics, Finance, Mathematics, Economics, Accounting, or a related field.
1+ years of project management experience.
Basic knowledge of accounting principles (at least 1 year of experience) is desirable for understanding financial data and reconciliations.
Experience with Oracle systems (1+ years) is a plus.
US military experience gained through military service or gained as a military spouse / domestic partner.

Responsibilities

Administers complex reinsurance, processes routine claims, validates data, files, systems, identifies discrepancies and related audit support.
Resolves complex issues and navigates obstacles to deliver work product.
Prepares complex reinsurance financial, management and regulatory reports, and reviews the work of less experienced team members.
Interprets and validates applicability of reinsurance treaties, and identifies and gathers final bid information to update system.
Administers retention to ensure compliance with regulatory requirements, company limits, and reinsurance treaty specifications.
Exhibits an understanding of key regulations impacting the reinsurance process to ensure compliance with government regulations and reinsurance treaties.
Leads special projects related to reinsurance administration systems, legal contracts/treaties, new product launches and other initiatives.
May participate in the Request For Proposal (RFP) process.
Collaborates and maintains strong relationships with business partners, and may perform in an advisory capacity to operational business leaders.
Acquires and applies advanced knowledge of the business to resolve issues and provide informed, proactive reporting and analysis to enable effective decision making.
Ensures reinsurer and compliance audit requests are completed and oversees coordination of responses to internal and external audit, and reinsurance business partners.
Develops and maintains processes, procedures and tools.
Participates in risk management testing, helps to identify business risk, and may offer solutions to mitigate risk.
Performs reinsurance transactions, analysis, reconciliations and research with knowledge of GAAP/ STAT accounting and other regulatory requirements.
Understands key regulatory implications that impact Reinsurance and resolves escalated accounting issues of a unique nature.
Identifies opportunities for process improvements that further departmental goals and objectives.
Ensures risks associated with business activities are effectively identified, measured, monitored, and controlled in accordance with risk and compliance policies and procedures.