Reinsurance Contract Administrator

Position: Reinsurance Contract Administrator

Hybrid (4:1)

Houston TX Corporate

Job Summary

Under supervision reviews and drafts reinsurance contracts in accordance with regulatory and company requirements. Provides advice and counsel to internal customers concerning all aspects of the Reinsurance function.

Key Responsibilities

Relying on limited experience and knowledge this role is responsible for accomplishing the following assignments. These assignments are varied in nature.

Key Responsibilities

• Relying on limited experience and knowledge the Reinsurance Contract Administrator is responsible for accomplishing the following assignments. These assignments are varied in nature.
  • Obtains reinsurance documentation in accordance with statutory timeframes.
  • Compares contract clauses to Company standards and state requirements.
  • Answers reinsurance contract related questions from Accounting and Claims.
  • Compiles written review notes for distribution to counter-party and enforces wording compliance.
  • Escalates non-compliant wording to Manager and documents any exceptions to file.
  • Creates draft synopsis of reinsurance contract for review by manager.
  • Identifies risk transfer triggers to manager for possible review by Actuarial.
  • Inputs data to various tracking databases and produces reports.
  • Communicates with counter-parties to ensure that reinsurer signatures are received within nine months.
  • Maintains orderly and compliant contract files.
  • Assists with Security Committee report.

• Planning
  • Follow work plans established timelines and pre-defined goals for assigned work.
  • Meet commitments on deadlines.

• Communication
  • Communicate activities results and observations with employees and management as appropriate.

• Cost Management
  • Identify areas for improvement in existing business practices.
  • Perform work thoroughly in a cost-efficient manner and at a high productivity level.

• Business Controls and Policies
  • Comply with all corporate policies and procedures.
  • Report any breakdowns in controls to management.
  • Conduct all activities in a safe manner.

• People Management
  • No people management responsibility.

Competencies

Planning

Follow work plans established timelines and predefined goals for assigned work.

Meet commitments on deadlines.

Communication

Communicate activities results and observations with employees and management as appropriate.

Cost Management

Identify areas for improvement in existing business practices.

Perform work thoroughly in a cost-efficient manner and at a high productivity level.

Business Controls and Policies

Comply with all corporate policies and procedures.

Report any breakdowns in controls to management.

Conduct all activities in a safe manner.

People Management

No people management responsibility.

Education

Minimum 4 Year / Bachelors Degree in Business a related field or the equivalent education and/or experience

Experience

2 Years Relevant and progressive professional experience

Other

• Possess and have ability to apply knowledge of principles practices and procedures

• Solid written and verbal communication skills with an emphasis on confidentiality tact and diplomacy

• Advanced organizational and analytical skills; demonstrated ability to manage multiple tasks simultaneously

• Knowledgeable of industry changes legal updates and technical developments related to applicable area of the Companys business to proactively respond to changing business environment

• Intermediate proficiency and experience using Microsoft Office package (Excel Access PowerPoint Word)

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