Reinsurance Program Lead

Pekin Insurance • Pekin, IL

2d

About The Position

The Reinsurance Program Lead is responsible for overseeing the company's reinsurance operations, accounting, and administration while supporting the execution of the organization's reinsurance program. This role ensures the accurate administration of reinsurance contracts, timely financial reporting, recoverables management, and compliance with contractual, regulatory, and accounting requirements. Working closely with Finance, Underwriting, Claims, Actuarial, and external brokers and reinsurers, the Reinsurance Program Lead provides operational and financial support that enables the effective execution of the company's reinsurance strategy.

Requirements

• Bachelor’s degree in Insurance, Finance, Risk Management, Mathematics, or related field
• Typically requires 7+ years of progressive reinsurance or insurance experience
• Demonstrated ability to influence executive-level decision-making
• Demonstrated ability to communicate effectively in both oral and written form
• Demonstrated ability to handle difficult and stressful situations with professional composure
• Demonstrated ability to analyze, organize, and prioritize work while meeting multiple deadlines
• Demonstrated ability to organize and reason in a logical manner
• Demonstrated skill in leadership, analytical, and communication
• Demonstrated skill in negotiating with reinsurers and brokers
• Demonstrated skill in managing one’s own time and working independently
• Demonstrated skill in customer service
• Demonstrated knowledge of capital modeling and enterprise risk management
• Demonstrated knowledge of property & casualty insurance operations
• Demonstrated knowledge of reinsurance accounting and regulatory reporting
• Demonstrated knowledge of treaty structures, facultative placements, and catastrophe management
• Demonstrated knowledge of Microsoft Office software

Nice To Haves

• CPCU, ARe, or FCAS/ASAS designations preferred

Responsibilities

• Manages the day-to-day administration of treaty and facultative reinsurance programs, ensuring accurate implementation of contract terms
• Oversees reinsurance accounting activities, including ceded premium and loss reporting, recoverables, settlements, and account reconciliations
• Ensures timely and accurate reporting to reinsurers, brokers, auditors, and regulatory agencies
• Monitors reinsurance recoverables and collaborates with Claims and Finance to facilitate timely collections and resolve outstanding balances
• Coordinates reinsurance renewal activities by preparing data, financial analyses, and supporting documentation for management, brokers, and reinsurers
• Reviews reinsurance contracts to ensure operational processes align with contract provisions and identify potential issues requiring resolution
• Partners with Underwriting, Actuarial, Finance, and Claims to support the administration and financial reporting of the reinsurance program
• Maintains accurate reinsurance records and documentation, ensuring compliance with internal controls, accounting standards, and regulatory requirements
• Supports internal and external audits by providing requested documentation, reconciliations, and analysis
• Prepares recurring management reports and analyses related to ceded results, recoverables, treaty activity, and operational performance
• Identifies opportunities to improve reinsurance processes, controls, reporting, and system efficiency
• Performs other duties as assigned

What This Job Offers

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