Reinsurance Operations Specialist

At Enact we understand that theres no place like home. Thats why we bring our deep expertise insightful offerings and extra mile service to work every day to help lenders put more people in homes and keep them there.

Were looking for a Reinsurance Operations Specialist in Raleigh NC to join us in fulfilling our mission while utilizing our values of excellence improvement and this role you will play a key role in supporting Enacts reinsurance diversification initiatives. You will manage the operational aspects of reinsurance transactions and collaborate with internal and external stakeholders to ensure the successful onboarding administration and reporting of reinsurance deals. This role is essential to the execution of Enacts risk management strategy and supports the full lifecycle of reinsurance transactions.

LOCATION
Enact Headquarters Raleigh NC Hybrid Schedule

YOUR RESPONSIBILITIES
Reinsurance Transaction Lifecycle

• Contribute to the smooth execution of reinsurance transactions and support the overall risk management efforts of the organization.

• Set up new deals in the reinsurance deal database ensuring all required data and approvals are captured.

• Facilitate onboarding of new deals including contract storage data capture and documentation of approvals.

• Support the completion of deal implementation memos by coordinating with underwriting legal accounting and other teams.

Operational Support & Reporting

• Generate and deliver monthly data to accounting for financial close processes (month-end quarter-end year-end).

• Monitor and analyze in-force deals to ensure compliance with contractual terms and performance expectations.

• Maintain tracking of reports and payments for each in-force deal.

• Communicate timing and requirements for deal terminations and confirm successful completion.

• Prepare and deliver external reports and fulfill commitments to reinsurers brokers regulators and other third parties ensuring accuracy timeliness and compliance with contractual and regulatory obligations.

Data Management & Troubleshooting

• Support and monitor monthly IT data loads for in-force transactions; provide first-level troubleshooting for data errors.

• Validate and reconcile reinsurance premiums claims and recoverables.

• Maintain accurate and up-to-date records in internal systems.

Stakeholder Engagement

• Collaborate with internal teams (Legal Risk Finance Operations IT) and external partners (insurance managers corporate service providers regulators rating agencies).

• Monitor and coordinate responses to communications from brokers and cedants.

YOUR QUALIFICATIONS

• Bachelors degree or equivalent experience in Finance Risk Management Data Analytics or a related field.

• Familiarity with reinsurance concepts processes and terminology.

• Demonstrates a high ownership mindsetproactively identifying issues asking the right questions collaborating effectively and driving work through to resolution or appropriate escalation.

• Strong organizational skills and attention to detail.

• Excellent written and verbal communication skills.

• Proficiency in Microsoft Excel and data analytics tools.

• Ability to adapt to changing priorities and market conditions.

PREFERRED QUALIFICATIONS

• Knowledge of reinsurance treaty structures (e.g. quota share excess of loss).

• Experience with reinsurance operations software or databases.

COMPANY
Enact Holdings Inc. (Nasdaq: ACT) operating primarily through its wholly owned subsidiaries is a leading publicly traded U.S. private mortgage insurance provider offering borrower-centric products that enable lenders and other partners across the U.S. to help people responsibly achieve and maintain the dream of homeownership.

By empowering customers and their borrowers Enact seeks to positively impact the lives of those in the communities in which it serves in a sustainable way. Headquartered in Raleigh North Carolina we play an active role in supporting a prosperous Triangle community. We also support our colleagues philanthropic efforts in their home communities across the U.S. Enact values all perspectives characteristics and experiences along with providing a positive and inclusive culture for employees to grow and succeed. We strive to create an environment where employees can bring their full authentic selves to work to help each other and their customers.

We are proud to be an equal opportunity employer and all hiring decisions are based on merit qualifications and business needs. We do not discriminate based upon race religion color national origin gender (including pregnancy) sexual orientation gender identity gender expression age status as a protected veteran status as an individual with a disability or other applicable legally protected characteristics.

WHY WORK AT ENACT
We bring innovative thinking to the situations at hand
We seek out and incorporate diverse views to strengthen our outcomes
We work on challenging and rewarding projects
We offer competitive benefits:
o Hybrid work schedule (shared in-office days Tues/Wed/Thurs)
o Generous Time Off
o 40 Hours of Volunteer Time Off
o Tuition Reimbursement and Student Loan Repayment
o Paid Family Leave and Flexible Spending Accounts
o 401k with up to 5% employer match
o Fitness and Emotional Wellness Reimbursements
o Onsite Gym