Senior Reinsurance Analyst

You desire impactful work.
 

You’Re Rga Ready

RGA is a purpose-driven organization working to solve today’s challenges through innovation and collaboration. A Fortune 500 Company and listed among its World’s Most Admired Companies, we’re the only global reinsurance company to focus primarily on life- and health-related solutions. Join our multinational team of intelligent, motivated, and collaborative people, and help us make financial protection accessible to all.

The Senior Reinsurance Analyst role is part of the TAI Reinsurance Services team, which utilizes an in-depth knowledge of North American life insurance products and reinsurance business practices to provide clients with high quality outsourcing services and for the life insurance/reinsurance business in the TAI administration system. The Senior Reinsurance Analyst independently leads and executes assigned projects using established processes. As the project lead the Senior Reinsurance Analyst ensures the timely and accurate completion of projects, ensuring that downstream processes are not negatively impacted. These projects will require the gathering and analyzing data to provide detailed recommendations that address issues that have no precedent, the preparation of detailed technical procedures to support the recommendations and providing clear communication and guidance to members of the team. This role provides opportunities for continued career advancement as an individual contributor for analytical problem solvers, or those who aspire to develop subject matter and/or leadership expertise in reinsurance operations.

Principle Duties

• Demonstrate accountability for assigned tasks through to completion including ensuring all support and communication is complete and accurate.
• Plan, analyze, make recommendations, test, implement and communicate with both internal and external stakeholders on assigned projects.
• Ensure data quality and compliance on administration systems; communicate and implement new/revised reinsurance business processes, that account for the needs of downstream processes.
• Continuously evaluate process and make recommendations for improvement including but not limited to AI.
• Execute a variety of reinsurance processes currently done using MS Access databases and/or MS Excel worksheets. Develop and enhance a variety of MS Access databases and MS Excel worksheet processes.
• Ensure that clear and accurate responses to ad hoc internal, reinsurer, and client requests are provided on a timely basis
• Mentor and train junior team members on standard reinsurance practices, complex life insurance product/business knowledge, and the application of treaty terms.

Qualifications

• College or University Degree or equivalent experience required
• University degree in computer science, actuarial science, finance, accounting or business administration preferred
• Proven in-depth knowledge of insurance and reinsurance concepts required
• 3+ Years of experience in a life insurance (reinsurance preferred) administration or direct insurance operations role, with a proven understanding of North American life insurance products and how they are administered required
• An understanding of relational databases required
• Understanding of impacts of operational transactions on accounting, reserve and claims processes required
• Developed client service skills. required
• Knowledge of project management concepts and practices. required
• A proven understanding of retention management practices, treaty setup and interpretation, and compliance required.
• Ability to demonstrate understanding of various insurance/reinsurance concepts including but not limited to retention, premium calculation, NAR calculation, cash value required.
• Previous experience working with external clients and customers required
• Experience in process documentation required
• Ability to work with large data sets to recognize systemic trending issues and/or data anomalies required
• Proficiency in Microsoft Excel, MS Access and Word. required
• Previous insurance operations or financial reporting experience preferred.
• Proficiency in MS Access, SQL, or TAI administration system preferred. preferred
• Understanding of various life insurance products written in the North American market preferred. preferred
• FLMI/ACS or ARA designation from LOMA Preferred

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What you can expect from RGA:

• Gain valuable knowledge from and experience with diverse, caring colleagues around the world.
• Enjoy a respectful, welcoming environment that fosters individuality and encourages pioneering thought.
• Join the bright and creative minds of RGA, and experience vast, endless career potential.

Compensation Range:

$65,800.00 - $82,250.00 Annual

Base pay varies depending on job-related knowledge, skills, experience and market location. In addition, RGA provides an annual bonus plan that includes all roles and some positions are eligible for participation in our long-term equity incentive plan. RGA also maintains a full range of health, retirement, and other employee benefits.

RGA is an equal opportunity employer. Qualified applicants will be considered without regard to race, color, age, gender identity or expression, sex, disability, veteran status, religion, national origin, or any other characteristic protected by applicable equal employment opportunity laws.