Senior Reinsurance Analyst

CNA

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profile Job Location:

Chicago, IL - USA

profile Yearly Salary: $ 54000 - 103000
Posted on: 20 hours ago
Vacancies: 1 Vacancy

Job Summary

You have a clear vision of where your career can go. And we have the leadership to help you get there.At CNA we strive to create a culture in which people know they matter and are part of something important ensuring the abilities of all employees are used to their fullest potential.

Job Summary

The Reinsurance Senior Analyst supports the day to day execution of ceded reinsurance operations with a focus on group captive administration reinsurer audit preparation and support and ProCede based reporting and analytical deliverables that support business partners across the reinsurance lifecycle. The role performs detailed analysis and validation of reinsurance activity reconciles results to contractual terms and produces clear timely reporting to support financial reporting and operational decision making.

In close partnership with key stakeholdersincluding Underwriting Actuarial Accounting/Finance Technology Reinsurance Operations and external reinsurance marketsthe Senior Analyst helps maintain data integrity and effective operational controls by investigating exceptions resolving variances coordinating corrective actions and maintaining documentation to support consistent and accurate reinsurance processing. The role also contributes to continuous improvement by identifying process and reporting enhancements and supporting testing and implementation efforts to improve the accuracy efficiency and reliability of downstream reinsurance data.

JOB DESCRIPTION:

Essential Duties & Responsibilities

1. Supports and develops analysis of reinsurance accounts and contractual requirements including but not limited to exposure/cession based rates/thresholds limits/retentions annual aggregate deductibles/limits loss corridors application of experience adjustments monitors large losses. Interacts with reinsurance claims a regular basis.

2. Assists efforts of multi-departmental teams on assumed and ceded reinsurance accounts under complex Treaty and/or Facultative certificates for the purpose of recovering of outstanding assumed and ceded balances due the company.

3. Pursues recovery of balances on most complex and/or contentious reinsurance accounts by working with brokers reinsureds and reinsurers. Liaison with the collections unit to identify and resolve complex settlement issues.

4. Works with brokers/reinsureds/reinsurers to explain coverage and income opportunities and liabilities while gaining support for the companys position.

5. Develops financial analysis reports on reinsurers to support collateral requirements.

6. Monitors aging of outstanding assumed and ceded balances for assigned accounts. Initiates corrective action to ensure payment on a timely basis.

7. Coordinates with business units and corporate finance areas in the reporting of financial statement Schedule F and other processes.

8. Participates in special projects and multi-departmental teams.

9. Participates in the development of new policies and makes recommendations for clarification and/or improvement to current policies and procedures.

May perform additional duties as assigned.

Skills Knowledge & Abilities

1. Knowledge of reinsurance principles practices and procedures products and services

2 Strong communication and interpersonal skills to work effectively with internal and external clients at all levels.

3. Sound decision-making and problem skills.

4. Ability to negotiate and influence business partners

5. Knowledge of Microsoft Office Suite and other business related software.

Education & Experience

1. Bachelors degree in finance or related disciplines.

2. Typically a minimum of four years related insurance/reinsurance industry experience with a financial emphasis..

3. Professional designation of Associate in Reinsurance preferred.

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In certain jurisdictions CNA is legally required to include a reasonable estimate of the compensation for this District of Columbia California Colorado Connecticut Illinois Maryland Massachusetts New York and Washington the national base pay range for this job level is $54000 to $103000 determinations are based on various factors including but not limited to relevant work experience skills certifications and location. CNA offers a comprehensive and competitive benefits package to help our employees and their family members achieve their physical financial emotional and social wellbeing goals. For a detailed look at CNAs benefits please visit.

CNA is committed to providing reasonable accommodations to qualified individuals with disabilities in the recruitment process. To request an accommodation please contact.


Required Experience:

Senior IC

You have a clear vision of where your career can go. And we have the leadership to help you get there.At CNA we strive to create a culture in which people know they matter and are part of something important ensuring the abilities of all employees are used to their fullest potential.Job SummaryThe R...
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CNA provides insurance solutions to more than 1 million businesses and professionals worldwide. With more than 100 years of industry experience, CNA has earned a reputation as one of the most trusted commercial insurance companies in the business. We’re a powerful legacy built on expe ... View more

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