Career Opportunity

Role Title

Purpose of role

Job Description

Key Responsibilities

• Prepare and deliver a variety of reports including monthly billing in-force quarterly and annual reinsurance reports to identify premiums owed to reinsurers in accordance with Foresters creditor agreements
• Validate policy data to ensure consistency and accuracy of reinsurance information between Foresters and its reinsurers
• Manage administrative tasks within Foresters reinsurance system including facultative and continuation processing and overseeing monthly cycle messages
• Provide policy change details to reinsurers for policies not maintained within Foresters reinsurance system
• Update reinsurance administration procedure manuals and training materials as needed
• Support internal and external audits by analyzing reports to confirm premiums are paid accurately and in compliance with treaty terms
• Interpret treaty parameters to ensure compliance and consistency between Foresters reinsurance system and billing information provided to reinsurers
• Oversee retention management ensuring adherence to Foresters corporate retention policy
• Collaborate with IT programmers and Business Analysts to implement system enhancements for new reinsurance products
• Validate and reconcile premiums due to and from reinsurers
• Journalize Foresters assumed reinsurance arrangements
• Communicate with reinsurance companies regarding claims submissions including timely notification under various treaties
• Establish proactive collaborative relationships with North America Division business areas such as Claims Actuarial Finance Capital Management Underwriting and other key cross-functional teams
• Regularly liaise with reinsurance company representatives to resolve billing discrepancies address issues and respond to inquiries and requests for information

Key Qualifications

• Education (minimum required): Postsecondary education
• Experience (minimum required): Minimum 2 years life insurance operations or reinsurance experience
• Working knowledge of life insurance products reinsurance practices and principles
• Intermediate proficiency with Microsoft Office products including Excel Access and SQL
• Mathematical skills to support key responsibilities
• Demonstrated strong verbal and written communication skills for effective engagement with internal and external stakeholders
• Proven ability to build effective cross-functional partnerships within the division and across the organization
• Superior interpersonal skills with the ability to establish trust and maintain strong working relationships
• Proven analytical and problem-solving skills
• Self-starter with the ability to make decisions independently and in a team environment
• Skilled in research and issue resolution

#LI-Hybrid

Please note that this posting is intended to fill an existing vacancy; however there may be instances where more than one vacancy is available for the same role.

Equal Opportunity Employment and Inclusion at Foresters Financial we are committed to sustaining an equal opportunity environment for all job applicants. We embrace Inclusion Diversity and Equity (IDE) as a core strategic objective for building strong innovative teams in which all our employees can show up wholly and authentically as themselves.

Foresters Financial strives to provide an accessible candidate experience for prospective employees with different abilities. If you anticipate needing any type of accommodations during the recruitment process please email in advance of your appointment.

Thank you for choosing Foresters. Only those candidates who will be selected for further consideration will be contacted by our Talent Acquisition Team.