Reinsurance Specialist
GuardianAbout the role
The Reinsurance Specialist will provide administration, reporting and accounting support for Individual Market’s reinsurance operations. The Reinsurance Specialist serves as a key contact for all inquiries from reinsurers, internal departments and auditors. The Reinsurance specialist is expected to become knowledgeable about Guardian products and reinsurance treaty provisions. Major responsibilities include transaction review and processing, ensuring retention limit compliance, administering reinsurance payables\receivables and statutory exhibits preparation.
The candidate should be detail oriented, curious, prioritize effectively, and have a solid understanding of insurance products and reinsurance administration. Communication skills are critical as the position is required to interface daily with numerous Guardian associates (Claims, Underwriting, Finance, Actuarial, Audit) and on a regular basis with external entities including reinsurers and various auditors.
You will
Ensure reinsurer and policy level information is accurate for risk accumulation, inforce management, billing and reporting purposes
Ensure reinsurance agreement requirements and statutory compliance regulations are met
Develop reinsurance subject matter expertise to support inquiries from reinsurers and internal department.
Billing preparation, communication and settlement of Due to\from Reinsurers
Process accounting journals, payment request and prepare general ledger account reconciliations.
Partner with Underwriting, Claims and Product Management departments.
Prepare statutory reporting policy exhibits and schedules.
Ensure compliance with operational and financial controls
Support audit process and inquiries from reinsurers, external and internal auditors
Identify and implement operational improvements to enhance controls and efficiencies
Assist with development of Administrative System enhancement request and testing.
You have
2+ years Life insurance/reinsurance administration experience
Intermediate level Microsoft Excel experience
Strong communication and interpersonal skills
Ability to work independently, solve problems, manage priorities and meet deadlines
Basic Accounting journal and payment processing experience is a plus
Salary Range:
$69,380.00 - $104,067.50The salary range reflected above is a good faith estimate of base pay for the primary location of the position. The salary for this position ultimately will be determined based on the education, experience, knowledge, and abilities of the successful candidate. In addition to salary, this role may also be eligible for annual, sales, or other incentive compensation.
Our Promise
At Guardian, you’ll have the support and flexibility to achieve your professional and personal goals. Through skill-building, leadership development and philanthropic opportunities, we provide opportunities to build communities and grow your career, surrounded by diverse colleagues with high ethical standards.
Inspire Well-Being
As part of Guardian’s Purpose – to inspire well-being – we are committed to offering contemporary, supportive, flexible, and inclusive benefits and resources to our colleagues. Explore our company benefits at www.guardianlife.com/careers/corporate/benefits. Benefits apply to full-time eligible employees. Interns are not eligible for most Company benefits.
Equal Employment Opportunity
Guardian is an equal opportunity employer. All qualified applicants will be considered for employment without regard to age, race, color, creed, religion, sex, affectional or sexual orientation, national origin, ancestry, marital status, disability, military or veteran status, or any other classification protected by applicable law.
Accommodations
Guardian is committed to providing access, equal opportunity and reasonable accommodation for individuals with disabilities in employment, its services, programs, and activities. Guardian also provides reasonable accommodations to qualified job applicants (and employees) to accommodate the individual's known limitations related to pregnancy, childbirth, or related medical conditions, unless doing so would create an undue hardship. If reasona
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