Reinsurance Program Lead

Pekin Insurance•Pekin, IL

3d•$108,000 - $148,000•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 is responsible for accurate administration of reinsurance contracts, timely financial reporting, recoverables management, and compliance with contractual, regulatory, and accounting requirements. Working with Finance, Underwriting, Claims, Actuarial, external brokers, and reinsurers, the lead provides 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 or more years of progressive reinsurance or insurance experience.
Must be authorized to work in the U.S. without sponsorship now or in the future.
Ability to influence executive-level decision-making.
Effective oral and written communication skills.
Ability to handle difficult and stressful situations with professional composure.
Ability to analyze, organize, and prioritize work while meeting multiple deadlines.
Ability to organize and reason logically.
Leadership, analytical, and communication skills.
Skill negotiating with reinsurers and brokers.
Ability to manage time and work independently.
Customer service skills.
Knowledge of capital modeling and enterprise risk management.
Knowledge of property and casualty insurance operations.
Knowledge of reinsurance accounting and regulatory reporting.
Knowledge of treaty structures, facultative placements, and catastrophe management.
Knowledge of Microsoft Office software.

Nice To Haves

CPCU, ARe, or FCAS/ASAS designation preferred.

Responsibilities

Manage day-to-day administration of treaty and facultative reinsurance programs and ensure contract terms are implemented accurately.
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 work with Claims and Finance to facilitate collections and resolve outstanding balances.
Coordinate reinsurance renewals 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 reinsurance program administration and financial reporting.
Maintain accurate reinsurance records and documentation in 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 on ceded results, recoverables, treaty activity, and operational performance.
Identify opportunities to improve reinsurance processes, controls, reporting, and system efficiency.
Perform other duties as assigned.