reinsurance analyst

The RiverStone Group

<p></p><div><div><div><div><div>Summary</div></div><div><div><div><br>
Under moderate supervision after supportive training, the Reinsurance Analyst is responsible for learning end-to-end reinsurance processes, including contract set up, notifications, billing, queries, and collection of ceded recoverables.
</div><div>The successful candidate will also use these skills to assist in due diligence and acquisition of new business.</div></div></div><div><div><br>
Essential Functions</div></div><div><div><ul><li><br>
 Calculate and prepare billings</li></ul><ul><li> Ensure booked financials match calculated billings and make adjustments where necessary.</li></ul><ul><li> Research &amp; identification of reinsurance (Treaty &amp; Facultative) for direct claims and assist in contract/policy structure set up and maintenance</li></ul><ul><li> Develop and send initial notices and updates to intermediaries/reinsurers with appropriate information</li></ul><ul><li> Review open accounted balances</li></ul><ul><li> Research and respond to reinsurer queries, working with direct claims where necessary</li></ul><ul><li> Pursue and collect outstanding reinsurer recoverables for assigned claims through reconciliation, collection, settlement, offset or other means.</li></ul><ul><li> Independently and proactively research and resolve historic open balance transactions and accounting discrepancies with reinsurers and brokers</li></ul><ul><li> Escalate disputed reinsurance recoverables and assist Inside Counsel with resolution strategies.</li></ul><ul><li> Lead initiatives to improve relationships with reinsurance market</li></ul><ul><li> Maintain diary system resulting in continuous targeted collection efforts.</li></ul><ul><li> Assist in the application of cash and clear open ledger balances</li></ul><ul><li> Assist in facilitating internal and external party audits</li></ul><ul><li> Participate in department initiatives to improve protocols and processes for timely and efficient billing, collection and clearing of aged balances</li></ul><ul><li> Follow all established processes</li></ul><div>
Related Functions</div><ul><li> Support to reinsurance counsel on pending arbitration and litigation as necessary</li></ul><ul><li> Support commutations, novations, consolidations, acquisitions and migrations as needed</li></ul><ul><li> Support Unit Manager in management reporting</li></ul><ul><li> Support acquisition activities</li></ul><ul><li> Support Schedule F mitigation projects &amp; initiatives</li></ul><div>
</div><div>
Required Skills</div><ul><li> Ability to interpret reinsurance contracts &amp; structures</li></ul><ul><li> Comprehensive understanding of underlying direct claims, including coverage issues and allocation analysis relating to multi-year injury claims</li></ul><ul><li> Ability to work independently with minimal supervision and lead initiatives</li></ul><ul><li> Demonstrated ability to manipulate and organize large data sets effectively in Excel</li></ul><ul><li> Strong research, writing, and analytical skills</li></ul><ul><li> Strong interpersonal and communication skills, both verbal and written</li></ul><ul><li> Organized, accurate and detail oriented.</li></ul><ul><li> Ability to shift priorities and focus as needed</li></ul><div>
</div><div>
Organizational</div><ul><li> We empower people to make decisions, in a supportive environment, with accountability for the outcomes.</li></ul></div></div><div></div><div><div><br>
Experience</div></div><div><div><br>
4+ years of experience in reinsurance processes/collections preferred but training will be given to the right candidate.</div></div><div><div><br>
Required Education</div><div>
4 year college degree</div></div><div><div><br>
Preferred Education or Certification</div><div>
Math and/or Business and/or Economics degree</div></div><div><div><br>
Travel</div><div>
Infrequent &ndash; as needed</div></div><div><div><br>
Work Environment / Physical Demands</div><div>
This position operates in a professional, collaborative environment and must have the ability to timely produce thorough, accurate work with many competing demands, deadlines, and distractions. The position uses standard equipment such as phones, computers, copiers/printers and filing cabinets. Noise level is moderate. RiverStone retains the right to change or assign other duties to this position as needed, or other duties or responsibilities may change or be assigned as needed.</div></div><div><div><div><br>
Core Competencies</div></div><div></div><div><div><br>
Associate</div><div>
Learning on the Fly: Learns quickly when facing new problems; a relentless and versatile learner; open to change; analyzes both successes and failures for clues to improvement; experiments and will try anything to find solutions; enjoys the challenge of unfamiliar tasks; quickly grasps the essence and the underlying structure of anything.</div><div>
Problem Solving: Uses rigorous logic and methods to solve difficult problems with effective solutions; probes all fruitful sources for answers; can see hidden problems; is excellent at honest analysis; looks beyond the obvious and doesn&rsquo;t stop at the first answers.</div><div>
Process Management: Good at figuring out the processes necessary to get things done; knows how to organize people and activities; understands how to separate and combine tasks into efficient flow; knows what to measure and how to measure it; can see opportunities for synergy and integration where others can&rsquo;t; can simplify complex processes; gets more out of fewer resources.</div><div>
Sizing Up People: Is a good judge of talent; after reasonable exposure, can articulate the strengths and limitations of people inside or outside the organization; can accurately project what people are likely to do across a variety of situations.</div><div>
Ethics and Values: Adheres to an appropriate (for the setting) and effective set of core values and beliefs during both good and bad times; acts in line with those values; rewards the right values and disapproves of others; practices what he/she preaches.</div></div></div><div><div><br>
Diversity, Equity, Inclusion &amp; Belonging</div><div>
RiverStone Resources, LLC is an equal opportunity employer, and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, LGBTQ+, national origin, gender identity, disability, protected veteran status, or any other characteristic protected by law.</div></div><div><div><br>
Privacy Notice for California Residents</div><div>
https://www.trg.com/california-consumer-privacy-notice/</div></div></div></div></div>

Ceded Reinsurance Analyst

<div>Posting Description:
<div><b>
Reinsurance Actuarial Senior Analyst - Mortgage Analytics</b></div><div></div><div><br>
Aon is the #1 broker in the mortgage credit risk reinsurance market. This is a fast-paced client facing analytics role. If you are an ambitious person, this role provides an excellent opportunity to work and learn in a multidisciplinary team on the forefront of mortgage credit risk analytics. We have career development paths and promote from within first.</div><div></div><div><i><br>
This is a hybrid role with the flexibility to work both virtually and from our Chicago office</i></div><div></div><div><b><br>
Aon is in the business of better decisions</b></div><div>
At Aon, we shape decisions for the better to protect and enrich the lives of people around the world.
</div><div>As an organization, we are united through trust as one inclusive team and we are passionate about helping our colleagues and clients succeed.</div><div><br>
</div><div><b>What the day will look like</b></div><div>
This role is for a hands-on individual with a strong analytics background, ideally in finance, insurance or consulting. The individual will work in Aon reinsurance's mortgage analytics team to deliver value added reinsurance solutions to our clients. Your work will support mortgage credit risk transfer (CRT) reinsurance deal placements and other client projects working closely with other Aon colleagues. You will also perform market research and industry studies.</div><div></div><div><br>
As a Senior Actuarial Analyst, your primary role is to support clients as requested by supervisors or brokers, across virtually any client project or internal research assignment. Senior Analysts are expected to develop proficiencies in completing standard analyses, while also taking part in more advanced analyses as needed. You will become familiar with Aon&rsquo;s tools and approach, contribute to our client&rsquo;s development and present Aon&rsquo;s solutions and services to our clients. You will also assist in various research and development efforts and industry trend studies.</div><div></div><div><i><br>
Job Responsibilities:</i></div><ul><li>
Understand reinsurance contracts and products (terminology, terms and conditions)</li><li>
Inventory and manage client as well as industry data. Analyze, edit and model complex data and make appropriate decisions regarding analyses</li><li>
Analyze the costs and benefits of risk transferred under reinsurance agreements. Develop bespoke analyses, visualizations and dashboards to explain analytics to brokers and clients</li><li>
Prepare client-ready presentations to communicate analysis results to brokers and clients. Present results of analyses to brokers, clients and subscribers.</li><li>
Take ownership and responsibility for quality, accuracy and timely completion of analysis. Consistently produce high quality analyses in timeframes agreed to or provided. Manage analyses and projects for team with client from start to finish with limited guidance.</li></ul><div><b>
Skills and experience that will lead to success</b></div><ul><li>
3+ years of experience in an Actuarial role, preferrably in mortgage credit analytics or other financial service consulting experience.</li><li>
Progress towards passing Actuarial Exams (3+), or an advanced degree in a related field, or 3+ years of related working experience.</li><li>
Strong proficiency and prior experience in data analytics languages such as R, Python, SQL, or similar programming languages.</li><li>
Familiarity with MS Office suite, particularly PowerPoint and Excel.</li><li>
Strong analytics background from mortgage analytics, other financial fields, or consulting experience.</li><li>
Strong ability to understand and perform mathematical and statistical calculations.</li><li>
Desire to build a career in reinsurance, consulting, financial modeling, or credit default analytics is preferred.</li><li>
Model building, Economic Capital modeling, return attribution, reinsurance valuation, or mortgage analytics experience are a plus.</li></ul><div></div><div><br>
Education<b>: </b>Bachelor&rsquo;s degree in Economics, Finance, Math, Computer Science, Actuarial Science or other similarly quantitative or analytically oriented major or equivalent years of industry experience.</div><div></div><div><b><br>
How we support our colleagues
</b></div><div>Aon offers a comprehensive package of benefits for full-time and regular part-time colleagues, including, but not limited to: a 401(k) savings plan with employer contributions; an employee stock purchase plan; consideration for long-term incentive awards at Aon&rsquo;s discretion; medical, dental and vision insurance, various types of leaves of absence, paid time off, including 12 paid holidays throughout the calendar year, 15 days of paid vacation per year, paid sick leave as provided under state and local paid sick leave laws, short-term disability and optional long-term disability, health savings account, health care and dependent care reimbursement accounts, employee and dependent life insurance and supplemental life and AD&amp;D insurance; optional personal insurance policies, adoption assistance, tuition assistance, commuter benefits, and an employee assistance program that includes free counseling sessions. Eligibility for benefits is governed by the applicable plan documents and policies.
</div><div>In addition to our comprehensive benefits package, we encourage an inclusive workforce. Plus, our agile environment allows you to manage your wellbeing and work/life balance, ensuring you can be your best self at Aon. Furthermore, all colleagues enjoy two &ldquo;Global Wellbeing Days&rdquo; each year, encouraging you to take time to focus on yourself. We offer a variety of working style solutions for our colleagues as well.</div><div></div><div><br>
Our continuous learning culture inspires and equips you to learn, share and grow, helping you achieve your fullest potential. As a result, at Aon, you are more connected, more relevant, and more valued.</div><div></div><div><br>
Aon values an innovative and inclusive workplace where all colleagues feel empowered to be their authentic selves. Aon is proud to be an equal opportunity workplace.</div><div><br>
</div><div>Aon provides equal employment opportunities to all employees and applicants for employment without regard to race, color, religion, creed, sex, sexual orientation, gender identity, national origin, age, disability, veteran, marital, domestic partner status, or other legally protected status. People with criminal histories are encouraged to apply.</div><div>
We are committed to providing equal employment opportunities and fostering an inclusive workplace. If you require accommodations during the application or interview process, please let us know. You can request accommodations by emailing us at ReasonableAccommodations@Aon.com or your recruiter. We will work with you to meet your needs and ensure a fair and equitable experience.</div><div></div><div><br>
For positions in San Francisco and Los Angeles, we will consider for employment qualified applicants with arrest and conviction record in accordance with local Fair Chance ordinances.</div><div></div><div><b><i><br>
Aon is not accepting unsolicited resumes from search firms for this position. If you are a search firm, you will not be compensated in any way for your submission of a candidate, even if Aon hires that candidate.</i></b></div><div>
Nothing in this job description restricts management's right to assign or reassign duties and responsibilities to this job at any time.</div><div></div><div><br>
The salary range for this position (intended for U.S. applicants) is $85,000 to $140,000 annually. The actual salary will vary based on applicant&rsquo;s education, experience, skills, and abilities, as well as internal equity and alignment with market data. The salary may also be adjusted based on applicant&rsquo;s geographic location.</div><div><br>
This position is eligible to participate in one of Aon&rsquo;s annual incentive plans to receive an annual discretionary bonus in addition to base salary. The amount of any bonus varies and is subject to the terms and conditions of the applicable incentive plan.</div><div></div><div><b><br>
#LI-AR1</b></div><div><b>
#LI-HYBRID</b></div></div><p></p>

Reinsurance Actuarial Senior Analyst - Mortgage Analytics

Accenture

<p><b>Skill required:</b> Reinsurance - Collections Processing<br>
<b>Designation:</b> Claims Management Analyst<br>
<b>Qualifications:</b>Any Graduation/Master of Business Administration/Post Graduate in any discipline
<br>
<b>Years of Experience:</b>3 to 5 years
<br>
<b>Language - Ability:</b>English(International) - Advanced
<br>
<b>About Accenture</b><br>
Accenture is a global professional services company with leading capabilities in digital, cloud and security.Combining unmatched experience and specialized skills across more than 40 industries, we offer Strategy and Consulting, Technology and Operations services, and Accenture Song&mdash; all powered by the world&rsquo;s largest network of Advanced Technology and Intelligent Operations centers. Our 699,000 people deliver on the promise of technology and human ingenuity every day, serving clients in more than 120 countries. We embrace the power of change to create value and shared success for our clients, people, shareholders, partners and communities.Visit us at www.accenture.com
<br>
<b>What would you do?</b> We help insurers redefine their customer experience while accelerating their innovation agenda to drive sustainable growth by transforming to an intelligent operating model. Intelligent Insurance Operations combines our advisory, technology, and operations expertise, global scale, and robust ecosystem with our insurance transformation capabilities. It is structured to address the scope and complexity of the ever-changing insurance environment and offers a flexible operating model that can meet the unique needs of each market segment. Canceling and rewriting insurance policies and endorsements Manage OTC collection/disputes such as debt collection, reporting on aged debt, dunning process, bad debt provisioning etc. Perform Cash Reconciliations and follow up for missing remittances, prepare refund package with accuracy and supply to clients, record all collections activities in a consistent manner as per client process (tool), delivery of process requirements to achieve key performance targets, ensure compliance to internal controls, standards, and regulations (Restricted countries).<br>
<b>What are we looking for?</b> &bull;Problem-solving skills &bull;Ability to manage multiple stakeholders &bull;Ability to establish strong client relationship &bull;Results orientation &bull;Written and verbal communication PNC Insurance/Reinsurance
<br>
<b>Roles and Responsibilities:</b> &bull;In this role you are required to do analysis and solving of lower-complexity problems &bull; Your day to day interaction is with peers within Accenture before updating supervisors &bull; In this role you may have limited exposure with clients and/or Accenture management &bull; You will be given moderate level instruction on daily work tasks and detailed instructions on new assignments &bull; The decisions you make impact your own work and may impact the work of others &bull; You will be an individual contributor as a part of a team, with a focused scope of work &bull; Please note that this role may require you to work in rotational shifts</p>
<br>
Any Graduation,Master of Business Administration,Post Graduate in any discipline

Claims Management Analyst

SCOR

<div><p>Support the Cat Manager with ensuring smooth operations, by ensure pricing and accumulation are timely, accurate and compliant with guidelines and with the catastrophe risk management of SCOR&rsquo;s portfolio.</p></div>
<br><div><p><b>Key duties and responsibilities
</b></p><ul><li><p><b>Support </b><b>:
</b></p><ul><li>Support treaty reinsurance catastrophe modelling support to underwriters. Analyse cedant exposure/modelled results received from clients/brokers and import into vendor risk modelling environment for in-house modelling
</li><li>Support the delivery of catastrophe risk pricing of treaty reinsurance using those vendor models, experience and/or internally developed tools as per SCOR process and guidelines
</li><li>Be a point of contact for one or more markets
</li></ul></li><li><b>Analytics:
</b><ul><li>Support projects and follow-up questions / modelling assumptions brought up by underwriters and/or analysts
</li><li>Collaborate in transverse initiatives (Cat Systems, Analytics and Governance, wider Reinsurance or Specialty Insurance units)
</li><li>Support to the AvE Analysis
</li></ul></li><li><b>Project / Research:
</b><ul><li>Collaborate in projects to answer underwriter-specific queries on hazard, vulnerability and model behaviour
</li><li>Learn to understand and interrogate vendor models to develop appropriate risk-views for pricing and accumulation
</li><li>Collaborate in projects on Nat Cat topics to support the Nat Cat team and the business
</li><li>Collaborate in research related to better understanding of natural perils
</li></ul></li><li>Join senior Nat Cat Analysts in client visits as required</li></ul></div>
<br><div><p><b>Experience
</b></p><ul><li>No prior work experience is required
</li><li>Sound knowledge of Microsoft Office (Proficiency in Excel). SQL, GIS. Programming skills ideally in R or Python
</li><li>Clear communicator, able to structure an argument and ability to explain complex issues in a simple way. Team player, interested in sharing knowledge and helping to develop the team.
</li></ul><p><b>Personal Competences
</b></p><ul><li><p>Highly motivated and driven individual who has the maturity to work with a diverse group of personalities
</p></li><li><p>Strong work ethics and ability to work in a rapidly changing and complex environment
</p></li><li><p>Strong organizational and time management skills
</p></li><li><p>Effective communication and collaboration skills with effective interpersonal verbal and written skills to communicate with non-technical colleagues
</p></li><li><p>Good analytical and problem-solving skills
</p></li><li><p>Good business acumen &ndash; synthesizes analytical skill with business insight
</p></li><li><p>Self-starter who finds creative solutions and brings positive attitude to address challenges
</p></li><li><p>Willingness to travel in the region</p></li></ul></div>
<br><div><p>As a leading global reinsurer, SCOR offers its clients a diversified and innovative range of reinsurance and insurance solutions and services to control and manage risk. Applying &ldquo;The Art &amp; Science of Risk,&rdquo; SCOR uses its industry-recognized expertise and cutting-edge financial solutions to serve its clients and contribute to the welfare and resilience of society in around 160 countries worldwide.
</p><p>Working at SCOR means engaging with some of the best minds in the industry &ndash; actuaries, data scientists, underwriters, risk modelers, engineers, and many others &ndash; as we work together to find solutions to pressing challenges facing societies.
</p><p>As an international company, our common culture is defined by &ldquo;The SCOR Way.&rdquo; Serving both to build momentum that drives the Group forward and as a compass to guide our actions and choices, The SCOR Way is anchored by five core values, reflecting the input of employees at all levels of the Group. We care about clients, people, and societies. We perform with integrity. We act with courage. We encourage open minds. And we thrive through collaboration.
</p><p>SCOR supports inclusion and the diversity of talents, and all positions are open to people with disabilities.</p></div>

Nat Cat Analyst

Birlasoft

<div></div><div><div><div><div><div><div><div><div>Country/Region: IN
</div></div></div></div><div><div><div><div>Requisition ID: 30240
</div></div></div></div><div><div><div><div>Work Model:
</div></div></div></div><div><div><div><div>Position Type:
</div></div></div></div><div><div><div><div>Salary Range:
</div></div></div></div><div><div><div><div>Location: INDIA - NOIDA- BIRLASOFT OFFICE
</div></div></div></div></div><div><div><div><div><div><h1 class="jobSectionHeader"><b>Title: </b><b>Lead Business Analyst
</b></h1></div></div></div></div><div><div><div><div>Description:
<div><div><div><h2 class="jobSectionHeader"><b>Area(s) of responsibility</b></h2>
</div><div><p><b>
Sapiens ReinsuranceMaster BA
</b></p><p>Implementation and Integration Experience</p>
<ul>
<li>Lead the end-to-end BSA role for implementation of the reinsurance processing software.</li>
<li>Ensure seamless integration with existing systems and processes.</li>
<li>Manage requirements in data migration, system configuration, and customization as required.</li>
<li>Assist in data quality and reconciliation and other QA help.</li>
</ul>
<p>Others</p>
<ul>
<li>Minimum of 5-7 years of experience in BA, with experience in handling large scale transformation involving multiple systems across various geographical locations.</li>
<li>Solid understanding of reinsurance transactions, including Treaty, Facultative, and Excess of Loss</li>
<li>Prior experience with reinsurance software implementation, Reinsurance Master from Sapiens.</li>
<li>Work with other IT analysts, developers, the vendor, and business users as required.</li>
<li>Manage business stakeholder expectations and address any concerns or issues promptly from business need prospective.</li>
</ul><ul><li>Good understanding of cloud computing and delivery models</li>
<li>Experience in supporting reinsurance/financial close process</li>
<li>Well versed with policy and claim lifecycle and impact of these on the reinsurance process</li>
</ul>
<p>Skills:</p>
<ul>
<li>Strong BA skills, including communication skills.</li>
<li>Very Strong Excel skills</li>
<li>Demonstrated expertise with SQL</li>
<li>Excellent communication and interpersonal skills.</li>
<li>Ability to work collaboratively with cross-functional teams.</li>
<li>Proficiency in BA tools and software.</li>
</ul>
<p>Preferred Qualifications:</p>
<ul>
<li>Strong understanding of reinsurance processes, systems, and industry best practices.</li>
<li>Familiarity with Agile or Scrum methodologies.</li>
<li>Knowledge of regulatory requirements and compliance in the insurance sector.</li>
<li>Quick learner with an excellent memory</li></ul></div></div></div></div></div></div></div></div></div></div></div><p></p>

Lead Business Analyst

Extendo Technology private limited

<p><b>Role: Senior Business Analyst - General Insurance</b></p><p><b>Exp: Years 10-15 years. </b></p><p><b>Key Requirement for the Position: </b></p><ul><li>Extensive knowledge and experience in Business Analysis and requirement gathering.</li></ul><ul><li>End-to-end knowledge and experience in General Insurance (at least in 2 amongst Underwriting, Claims, Reinsurance, Finance), especially in Fire, Engineering, Liability, Accident, Marine lines of Business.</li></ul><ul><li>A very good understanding of processes prevailing in insurance companies for end-to end insurance software product.</li></ul><ul><li>Requirement Gathering &amp; Traceability experience.</li></ul><ul><li>Functional (Business) Requirements Document (FRD) preparation Experience, Acceptance criterion document (ACD)</li></ul><ul><li>Good inter-personal communication skills in English.</li></ul><ul><li>User Flow/ Process Flow Charts, Diagrams &amp; Tools knowledge</li></ul><ul><li>Perform detailed analysis of existing processes and to ensure that all aspects of the business requirements are understood &amp; mapped. Map and formalize business requirements.</li></ul><ul><li>Prioritize requirements and negotiate with users to keep the user expectations manageable and within the scope of work.</li></ul><ul><li>Exposure to underwriting and claims process of General Insurance</li></ul><ul><li>Exposure to basics of reinsurance process</li></ul><ul><li>Added advantage: Implementation of project from start to end (Requirement gathering, Configuration, Testing, User Training, User Acceptance Testing, Project Go &ndash; Live)</li></ul><p>Job Types: Full-time, Permanent</p><p>Pay: &#8377;855,117.49 - &#8377;2,045,999.29 per year</p><p>Work Location: In person</p>

Senior Business Analyst - General Insurance

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