Kforce Reinsurance Operations Analyst in New York, New York

Kforce's client, a global insurance company in NYC is seeking Reinsurance Operations Analyst.Responsibilities Include:

  • Review Ceded contract placements and perform set-up of the ceded contract information in the sub-ledger systems including FSRI, ProCede, Genius

  • Interpret contract wording and handle policies subject to the reinsurance program

  • Develop ceding hierarchy based upon contract interpretation including the program structure, layering and inuring programs

  • Use and understand reinsurance sub-ledgers (Pro-Cede/SAP- FSRI)

  • Ensure data accuracy, including coordination of reconciliation of the treaty results with accounting team to confirm that the ceded results agree to the terms of the reinsurance agreements for the Global businesses

  • Liaise with internal and external audit for year end, quarterly reporting, and SOX control reviews

  • Maintain SOX control documentation including treaty set-up documentation, reinsurer ratings, source system data reconciliation to ceded systems, and treaty population completeness controls

  • Coordinate with accounting, brokers, and counterparty audit teams for transactional contract audits

  • Work proactively with both internal team members and the department's consumers

  • Assist with reports and data for regulatory requirements, including Solvency II, Schedule F, and Global STAT

  • Lead from a department perspective the testing of new products implementations and system changes Ad Hoc projects including: onboarding of new business lines, testing system upgrades, data enhancements, and process documentation

  • College degree or related equivalent work experience

  • Depending on level of position, seeking commensurate level of experience ranging from 2 to 5 years operations related work experience in financial services with mandatory industry experience, whether primary, broker or reinsurance

  • Strong understanding of Ceded Reinsurance and/or Retrocessional covers - including understanding the workings of both Treaty and Facultative reinsurance contacts

  • Solid understanding of ceded contractual wording

  • Solid understanding of regulatory requirements (NAIC, US GAAP, Solvency ll and various Global Reporting Requirements)

  • Adaptable and willing to steer change to support management objectives as well as ability to think intuitively

  • Strong computer skills required; Excel, database experience, working knowledge or similar underwriting or financial systems with FSRI/SAP preferred

  • Strong analytical acumen and logical thought process required

  • Able to communicate clearly and succinctly whether in oral or written form; effectively communicates in a variety of settings - formal and informal; attentive and active listener; straightforward and composed

  • Candidate must be flexible; team-oriented

This company offers excellent benefits & opportunity for advancement!Kforce is an Equal Opportunity/Affirmative Action Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, pregnancy, sexual orientation, gender identity, national origin, age, protected veteran status, or disability status.Compensation Type:Years