Manager, Reinsurance Operations

Who Are We?

Taking care of our customers, our communities and each other. That’s the Travelers Promise. By honoring this commitment, we have maintained our reputation as one of the best property casualty insurers in the industry for over 170 years. Join us to discover a culture that is rooted in innovation and thrives on collaboration. Imagine loving what you do and where you do it.

Job Category

Finance and Accounting

Compensation Overview

The annual base salary range provided for this position is a nationwide market range and represents a broad range of salaries for this role across the country. The actual salary for this position will be determined by a number of factors, including the scope, complexity and location of the role; the skills, education, training, credentials and experience of the candidate; and other conditions of employment. As part of our comprehensive compensation and benefits program, employees are also eligible for performance-based cash incentive awards.

Salary Range

$85,600.00 - $141,200.00

Target Openings

1

What Is the Opportunity?

This is a new and exciting opportunity in the assumed side of Reinsurance Operations with a focus on international business. As a Manager, Reinsurance Operations, you will manage the review, analysis, and administration of the operational activities related to moderately complex reinsurance contracts and financial reports. You will provide effective management, direction, and coordination among team members, ensuring accurate calculation, analysis, and recording of financial results within company guidelines. By leveraging your interpersonal, leadership skills and forward-thinking attitude you will build relationships with internal and external business partners. You will provide technical data analysis, reporting and support for unit projects.

What Will You Do?

• Calculate, analyze, and record proper financials within company guidelines.
• Anticipate and resolve problems on  complex issues.  Make recommendations on possible solutions and refer critical issues to the appropriate level of management. Use technical financial/accounting expertise to assist internal and external clients and less-experienced staff.
• Ensure timely management of financial transactions by maintaining diary, monitoring payable/receivables/suspense and completing complex entries and/or cash applications across various systems.  Review and approve moderately complex transactions. 
• Review and interpret Reinsurance documents for both establishment into contract systems and/or for knowledge on accounting mechanics and requirements within the contract.  Provide support to less experienced staff on contractual issues.
• Maintain collaborative relationships with reinsurance personnel to ensure the proper accounting of receivables/payables.
• Prepare, evaluate, complete and review reconciliations prepared by the team.
• Attend broker and reinsurer meetings prepared to discuss assigned contract/premium issues.
• Assist internal Finance partners to ensure proper reporting of the reinsurance financials.
• Participate in and occasionally takes the lead on various reinsurer activities such as non-payment issues, commutations, insolvencies, audits, etc.
• Make recommendations on system, procedure and/or workflow enhancements to improve the effectiveness and efficiency of reinsurance operations.
• Coordinate workflows, train, mentor, and utilize team members’ strengths.
• Other duties as assigned.

What Will Our Ideal Candidate Have?

• Bachelor’s Degree in accounting, finance, or a related field.
• Six years of related work experience.
• General knowledge of insurance business or reinsurance.
• General knowledge of accounting theory and practice.
• Professional designation or working towards professional designation (MBA, CPA, ARe, CPCU).
• Experience leading and managing complex projects.
• Excellent communication skills with the ability to interact with all levels of management.
• Excellent ability to connect with and effectively build relationships in a cross-functional team to complete project goals.
• Strong analytical skills with the ability to evaluate and understand trends and translate into business partners.
• Manage a team and provide strategic direction on opportunities.
• Strategic thinker with the ability to use sound judgement to resolve issues as they arise.

What is a Must Have?

• Five years of related work experience with two years acting as a team lead and/or management experience.
• Proficient knowledge of Microsoft PowerPoint and Excel.

What Is in It for You?

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