Part-Time Reinsurance Analyst

Sfbli • Jackson, MS

9d

About The Position

The Reinsurance Analyst processes new reinsured business and maintains existing reinsurance for life and Disability Income products. The role requires knowledge of reinsurance treaties and procedures to answer questions efficiently and maintain proper documentation for facultative cases so Southern Farm Bureau can obtain reimbursement from reinsurance companies. The analyst also assists with preparing Schedule S (Reinsurance) for the Annual Statement.

Requirements

• Bachelor’s degree in a business-related field, or two years of experience with Southern Farm Bureau Insurance.

Nice To Haves

• Industry-related certification.
• Knowledge of and/or interest in new and emerging technologies.
• Strong analytical and problem-solving skills.
• Excellent communication skills.
• Ability to collaborate with others in a team environment.
• Prioritization skills and flexibility to reprioritize tasks when appropriate.
• Integrity, courage to act, and effective communication.
• Respect for people and commitment to teamwork.
• Accountability for results, commitment to service, and initiative.
• Growth in job knowledge and professional development.

Responsibilities

• Review new policies on the TAI daily-cycle reinsurance report for accuracy, including treaty assignment.
• Review automatic binding limits to determine whether facultative reinsurance is needed and contact Underwriting when required paperwork is incomplete.
• Maintain reinsured policies in the TAI reinsurance system and understand the system’s functions.
• Review reinsured policy transactions performed by Underwriting, Conservation, Policy Service, and Claims.
• Review TAI recapture reports and recapture eligible policies in accordance with treaty guidelines, researching active policies on an insured to determine whether the full retention limit has been met.
• Use TAI reports to fill retention limits on remaining policies when a previous policy terminates.
• Prepare monthly billings and payments for traditional life policies in TAI, verifying premiums, terminations, and recaptures.
• Prepare monthly Disability Income billings, verifying premiums, terminations, and adjustments required by policy changes.
• Research and answer inquiries from reinsurance companies.
• Prepare Survivor Whole Life billing.
• Prepare the reinsurance DAC tax report (cash flow of reinsurance) for use in the federal income tax return.
• Assist Claims, Policy Service, and Underwriting with reinsurance matters.
• Maintain and update original reinsurance treaties in the vault.

Benefits

• Health insurance, including coverage for employees and their families, preventive care, prescription drugs, mental health coverage, and an Employee Assistance Program.
• Access to an onsite clinic.
• Active Lifestyle Rewards Program with incentives for fitness challenges and wellness activities.
• Customized weight management plans and support.
• Employee engagement opportunities, team-building activities, and annual events for employees and their families.
• Onsite cafe.
• Continuous learning opportunities.
• Tuition reimbursement.
• Mentorship programs.
• Promotional and career advancement opportunities.
• Life insurance.
• Company-funded pension.
• Paid volunteer days.

What This Job Offers

• Job Type: Part-time