Reinsurance Program Lead

Pekin Insurance Careers•Pekin, IL

3d•Hybrid

About The Position

The Reinsurance Program Lead oversees the company's reinsurance operations, accounting, and administration while supporting execution of the organization's reinsurance program. The role ensures accurate administration of reinsurance contracts, timely financial reporting, recoverables management, and compliance with contractual, regulatory, and accounting requirements. The position works closely with Finance, Underwriting, Claims, Actuarial, external brokers, and reinsurers to provide operational and financial support for the company's reinsurance strategy.

Requirements

Bachelor’s degree in Insurance, Finance, Risk Management, Mathematics, or a related field.
Typically requires 7+ years of progressive reinsurance or insurance experience.
Must be authorized to work in the U.S. without sponsorship now or in the future.
Demonstrated ability to influence executive-level decision-making; communicate effectively orally and in writing; handle difficult and stressful situations with professional composure; analyze, organize, and prioritize work while meeting multiple deadlines; and organize and reason logically.
Demonstrated skill in leadership, analysis, communication, negotiating with reinsurers and brokers, time management, working independently, and customer service.
Demonstrated knowledge of capital modeling and enterprise risk management, property and casualty insurance operations, reinsurance accounting and regulatory reporting, treaty structures, facultative placements, catastrophe management, and Microsoft Office software.

Nice To Haves

CPCU, ARe, FCAS, or ASAS designation.

Responsibilities

Manage day-to-day administration of treaty and facultative reinsurance programs, ensuring accurate implementation of contract terms.
Oversee reinsurance accounting activities, including ceded premium and loss reporting, recoverables, settlements, and account reconciliations.
Ensure timely and accurate reporting to reinsurers, brokers, auditors, and regulatory agencies.
Monitor reinsurance recoverables and collaborate with Claims and Finance to facilitate timely collections and resolve outstanding balances.
Coordinate reinsurance renewal activities by preparing data, financial analyses, and supporting documentation for management, brokers, and reinsurers.
Review reinsurance contracts to ensure operational processes align with contract provisions and identify issues requiring resolution.
Partner with Underwriting, Actuarial, Finance, and Claims to support administration and financial reporting of the reinsurance program.
Maintain accurate reinsurance records and documentation, ensuring compliance with internal controls, accounting standards, and regulatory requirements.
Support internal and external audits by providing requested documentation, reconciliations, and analysis.
Prepare recurring management reports and analyses related to ceded results, recoverables, treaty activity, and operational performance.
Identify opportunities to improve reinsurance processes, controls, reporting, and system efficiency.
Perform other duties as assigned.