Senior Reinsurance Analyst

Job not on LinkedIn

September 16

🏈 Ohio – Remote

Although this job is listed in Ohio, this company may be open to hiring remote in other states.

⏰ Full Time

🟠 Senior

🔒 Insurance

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Westfield Health

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Healthcare Insurance • Wellness • B2B

Westfield Health is a provider of health and wellbeing solutions dedicated to improving the quality of life of individuals and the communities they serve. Established in 1919, the company offers a range of services including health cash plans, private health insurance, mental health support, and corporate wellbeing strategies tailored to enhance employee engagement and productivity. Westfield Health aims to empower customers and businesses with effective health management tools and promotes a proactive, preventative approach to wellness.

201 - 500 employees

Founded 1919

⚕️ Healthcare Insurance

🧘 Wellness

🤝 B2B

📋 Description

• Collects, analyzes, and maintains reinsurance renewal submission data and records. • Makes recommendations to improve quality and availability of reinsurance related data. • Maintains accurate data input for catastrophe exposure monitoring and models; prepares, tests, and analyzes modeling data and results; applies catastrophe management solutions. • Analyzes catastrophe exposures and collaborates with underwriting leaders to manage hurricane, earthquake, tornado/hail, and terrorism exposures. • Monitors, reviews, and analyzes large losses and catastrophe losses to identify trends and ensure contractual reporting compliance. • Responds to inquiries regarding reinsurance contracts, facultative issues, premium and claim inquiries; provides reinsurance training to new hires and underwriting staff. • Monitors premium and loss accounts, commissions, reinsurance collections and collateral management; prepares catastrophe reinsurance billing statements. • Prepares annual reinsurance budget, periodic variance analysis and reports for senior management, governmental and rating agencies. • Monitors compliance with guidelines and procedures for placement of reinsurance and resolves issues. • Works with reinsurers and internal/external accounting to coordinate and resolve reinsurance transaction issues. • Creates insured and reinsurance calculations in multiple currencies for payments and reserves. • Provides suggestions for process improvements and removes barriers to ensure accuracy of unit work product.

🎯 Requirements

• 3+ years of experience in Reinsurance or a related field. • Bachelor's degree in Business, Accounting, Economics, or a related field and/or commensurate experience. • Experience with catastrophe risk modeling, exposure data management, execution of catastrophe modeling and interpretation of results. • Knowledge of reinsurance placements, facultative reinsurance issues, premium and claim processing, and reinsurance accounting. • Strong analytical skills, financial analysis, data analysis and reporting, and risk assessment. • Experience with accounting & reconciliation, commissions, reinsurance collections, and collateral management. • Ability to prepare annual reinsurance budgets, periodic variance analysis, and reports for senior management and regulatory agencies. • Strong collaboration, customer focus, effective communication, decision quality, and nimble learning.