Part-Time Reinsurance Analyst

Southern Farm Bureau Life Insurance Company•Jackson, MS

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 efficiently answer questions and ensure 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

A bachelor’s degree in a business-related field or two years of experience with Southern Farm Bureau.
Strong analytical and problem-solving skills.
Excellent communication skills.
Ability to collaborate effectively in a team environment.
Ability to prioritize and flexibly reprioritize tasks when appropriate.
Ability to function effectively in the workplace, demonstrated through integrity, courage to act, and communication skills.
Ability to work effectively with others, demonstrated through respect for people and commitment to teamwork.
Ability to meet organizational goals and customer expectations, demonstrated through accountability for results, commitment to service, and initiative.
Ability to perform the essential job functions, demonstrated through growth in job knowledge and professional development.

Nice To Haves

Insurance or industry-related certification preferred.
Knowledge of and/or interest in new and emerging technologies.

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 its functions.
Review reinsured policy transactions performed by Underwriting, Conservation, Policy Service, and Claims.
Review TAI recapture reports and recapture eligible policies according to 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 and verify premiums, terminations, and adjustments resulting from policy changes.
Research and answer inquiries from reinsurance companies.
Prepare Survivor Whole Life billing.
Prepare the reinsurance DAC tax report, showing reinsurance cash flow, 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.
Assist in preparing Schedule S (Reinsurance) for the Annual Statement.

Benefits

Health insurance with coverage for employees and families, access to an onsite clinic, preventive care, prescription drugs, mental health coverage, and an Employee Assistance Program.
Active Lifestyle Rewards Program with incentives for fitness challenges and wellness activities.
Customized weight management plans and support.
Employee engagement and team-building activities.
Annual employee and family events, including a company picnic, Thanksgiving lunch, Christmas reception, and Family Fun Night.
Onsite cafe with access to nutritious meals.
Continuous learning opportunities.
Tuition reimbursement for further education.
Mentorship programs.
Promotional and career advancement opportunities.
Life insurance.
Company-funded pension.
Paid time off for volunteering.