Reinsurance Analyst Resume Sample
Werner Mohr
3752 Schoen Run,
Philadelphia,
PA
+1 (555) 698 8581
Work Experience
Senior Reinsurance Analyst
04/2016
-
PRESENT
New York, NY
- Administers complex reinsurance, processes routine claims, validates data, files, systems, identifies discrepancies and related audit support. Resolves complex issues and navigates obstacles to deliver work product
- Prepares complex reinsurance financial, management and regulatory reports, and reviews the work of less experienced team members. Interprets and validates applicability of reinsurance treaties, and identifies and gathers final bid information to update system
- Administers retention to ensure compliance with regulatory requirements, company limits, and reinsurance treaty specifications
- Exhibits an understanding of key regulations impacting the reinsurance process to ensure compliance with government regulations and reinsurance treaties
- Ensures reinsurer and compliance audit requests are completed and oversees coordination of responses to internal and external audit, and reinsurance business partners
- Performs reinsurance transactions, analysis, reconciliations and research with knowledge of GAAP/ STAT accounting and other regulatory requirements. Understands key regulatory implications that impact Reinsurance and resolves escalated accounting issues of a unique nature
- Identifies opportunities for process improvements that further departmental goals and objectives
- Maintain reinsurance claim inventory file identifying monthly count of open losses by treaty type. Log all incoming reinsurer claim inquiries, answer those delegated, and update Reinsurance Accounting management as applicable
- Research and answer questions from the ETPR’s
Reinsurance Analyst
08/2010
-
12/2015
Detroit, MI
- Monitor Reinsurance receivable balance and work with ETPR’s on claim reimbursement
- Research and prepare any claim refunds to the ETPR’s
- Provide various reports to the ETPR’s on a weekly/monthly/quarterly basis
- Administers complex reinsurance, processes routine claims, validates data, files, systems, identifies discrepancies and related audit support
- Resolves complex issues and navigates obstacles to deliver work product
- Prepares complex reinsurance financial, management and regulatory reports, and reviews the work of less experienced team members
- Interprets and validates applicability of reinsurance treaties, and identifies and gathers final bid information to update system
- Leads special projects related to reinsurance administration systems, legal contracts/treaties, new product launches and other initiatives
Temporary Reinsurance Analyst
12/2005
-
06/2010
Chicago, IL
- Acquires and applies advanced knowledge of the business to resolve issues and provide informed, proactive reporting and analysis to enable effective decision-making
- Performs reinsurance transactions, analysis, reconciliations and research with knowledge of GAAP/ STAT accounting and other regulatory requirements
- Understands key regulatory implications that impact Reinsurance and resolves escalated accounting issues of a unique nature
- Generate PowerPoint Presentations for meetings with clients and prospects and ensure they are Willis Re brand compliant
- Ensure compliance with WEM (Willis Excellence Model) procedures
- Consolidation and analysis of CGRC’s Capital Plan following established process which contribute to the production of Cigna's International Capital Plan
- Generate PowerPoint Presentations for meetings with clients and prospects and ensure they are Willis Tower Watson Re brand compliant
Education
Georgia Southern University
1999 - 2004
Bachelor's Degree in Insurance
Professional Skills
- Proactive mindset: ability to work independently, demonstrating strong prioritization and time management skills and delivering against tight deadlines
- Proactive mind-set: able to work independently, demonstrating strong prioritization and time management skills and delivering against tight deadlines
- Strong reporting and analytical skills with ability to create and improve reporting packs and methodologies
- Good excel skills and some experience of Oracle or similar General Ledger packages would be advantageous
- Strong communication skills, bilingualism required (English & French)
- Experience using COGNOS; demonstrated experience working in the PMMIS system
- Proven experience in (re)insurance, with sound knowledge in claims administration and/or technical accounting
How to write Reinsurance Analyst Resume
Reinsurance Analyst role is responsible for excel, reporting, auditing, access, analysis, finance, credit, training, database, security.
To write great resume for reinsurance analyst job, your resume must include:
- Your contact information
- Work experience
- Education
- Skill listing
Contact Information For Reinsurance Analyst Resume
The section contact information is important in your reinsurance analyst resume. The recruiter has to be able to contact you ASAP if they like to offer you the job. This is why you need to provide your:
- First and last name
- Telephone number
Work Experience in Your Reinsurance Analyst Resume
The section work experience is an essential part of your reinsurance analyst resume. It’s the one thing the recruiter really cares about and pays the most attention to.
This section, however, is not just a list of your previous reinsurance analyst responsibilities. It's meant to present you as a wholesome candidate by showcasing your relevant accomplishments and should be tailored specifically to the particular reinsurance analyst position you're applying to.
The work experience section should be the detailed summary of your latest 3 or 4 positions.
Representative Reinsurance Analyst resume experience can include:
- Demonstrated strong analytical, interpersonal, and communication skills
- Strong knowledge of reinsurance concepts, principles and practices. A team player who has the collaborative skills to work within or manage project teams
- Demonstrated skills in auditing
- Demonstrated experience in interpreting policies
- Proven track record in managing multiple concurrent projects. Ability to quickly adapt to change and reprioritize assigned tasks
- Demonstrated experience in claims, encounters and/or ICD-9 or 10 Coding
Education on a Reinsurance Analyst Resume
Make sure to make education a priority on your reinsurance analyst resume. If you’ve been working for a few years and have a few solid positions to show, put your education after your reinsurance analyst experience. For example, if you have a Ph.D in Neuroscience and a Master's in the same sphere, just list your Ph.D. Besides the doctorate, Master’s degrees go next, followed by Bachelor’s and finally, Associate’s degree.
Additional details to include:
- School you graduated from
- Major/ minor
- Year of graduation
- Location of school
These are the four additional pieces of information you should mention when listing your education on your resume.
Professional Skills in Reinsurance Analyst Resume
When listing skills on your reinsurance analyst resume, remember always to be honest about your level of ability. Include the Skills section after experience.
Present the most important skills in your resume, there's a list of typical reinsurance analyst skills:
- Team player skills with good communication and interpersonal skills
- 2 Strong communication and interpersonal skills to work effectively with internal and external clients at all levels
- Strong English and other languages skills
- Sound decision-making and problem skills
- Proven experience of working in reinsurance and or insurance (desirable)
- Liaising with the BPA Operations teams to ensure effective treaty management
List of Typical Experience For a Reinsurance Analyst Resume
1
Experience For Reinsurance Analyst Co-op Resume
- Reinsurance experience, preferably in an administration or IT environment
- Entering, updating and reviewing contract information into company’s source system ensuring accuracy and timeliness of entries
- Verifying, preparing and processing claim settlement requests and general claim related administrative requests from brokers or cedants
- Maintaining risk data and status information throughout the life of a transaction, in accordance with best practise procedures and guidelines
- Assist in the yearly process to make system changes as needed including entering new contracts into system for new contract year
- Electronically uploading/filing relevant transaction documentation to company’s system
- Proficient in a variety of software applications including but not limited to Excel and MS Access
2
Experience For Senior Reinsurance Analyst Resume
- Knowledge of the principles and practices of auditing
- Prepares reinsurance reports by downloading information from single or multiple direct administration systems
- Ensure compliance with WTWEM (Willis Tower Watson Excellence Model) procedures
- Open minded: ability to find innovative solutions to deliver ‘best in class’ service
- Communicate with internal and external personnel on a daily basis including by phone or email. Provide technical system/training support to external and internal users including assisting with the annual training conducted by the Reinsurance team
- Audit critical monthly reports for program compliance; make necessary recommendations to ensure compliance by the AHCCCS contractor
- Develop and analyze data warehouse reports and Excel workbooks for paid adjudicated encounters and reinsurance payments
3
Experience For Temporary Reinsurance Analyst Resume
- Authorized to work in the country to which
- Works on basic to more complex reinsurance treaty analyses, assignments or projects
- Compiles databases and formulates spreadsheets
- Conducts/coordinates research and/or participates in special reinsurance studies
- Develops business requirements and technical specifications, documents procedures and processes, tests transactions, and assists in system implementations as a team leader/project manager or a subject matter expert on cross-functional IT/business teams
- Present and communicate reinsurance data concisely and clearly with conclusions and recommendations in a manner that both financial & nonfinancial audiences can understand
- Electronically filing/uploading relevant transaction documentation to company’s system, ensuring accurate and consistent labelling, as well as proper audit-trail of the risk data entered into the system
- Investigating inconsistencies, account discrepancies and related issues, and raising/resolving these in cooperation with the team leader and XL Catlin Re Switzerland Operations
- Supporting the XL Catlin Re Switzerland Operations/Underwriting functions in general risk administration tasks (e.g. ad hoc data analysis, reports production)
4
Experience For Reinsurance Analyst Tampa Resume
- Work with international team on assigned accounts to provide clients with exceptional service
- Execute on post-placement reinsurance administration tasks, inclusive of contract interpretation, reinsurance calculation analysis, market reporting, premium and loss billing
- Maintains ultimate responsibility for coordinating query resolution with the client and ensuring effective management of reinsurer claim queries
- Cooperates with client’s internal and external auditors to ensure compliance with regulations
- Maintains and tracks aged reinsurance recoverable balances and status of collection efforts for periodic update and discussion with client
- Leads collection efforts through regular contact with brokers and reinsurers
- Ensures problem collections are escalated to management’s attention and client expectations are properly managed
- Communicate and interact with internal and external clients and vendors on questions and issues related to services provided delivering high quality service and support
5
Experience For Reinsurance Analyst San Francisco Resume
- Participate in process optimization by identifying and implementing improvements
- Advanced knowledge of MS Excel mandatory
- Reviewing, reconciling, processing and adjusting claims from first loss advice through to loss reserving updates up to claim settlements of non-proportional and proportional treaty and/or facultative reinsurance programs
- Checking claim coverage, treaty/risk limits and processing/booking relevant claims data, calculating reinstatement premiums reported by clients, assuring accuracy and integrity of the technical bookings in company’s systems
- Investigating inconsistencies, claim/account discrepancies and related issues and raising/resolving these in cooperation with the team leader and XL Catlin Claims Manager
- Closely cooperating with the Technical Accounting team in respect of Proportional claims and payments and Underwriting Support team in respect of contract details and structure
6
Experience For Reinsurance Analyst Resume
- Effective oral and written communication skills with internal/external stakeholders
- Intermediate skill level and experience with MS Excel/Access and other technology or query tools (Mainframe, TSO)
- Experience in office environment and administration
- Assisting the Claims Manager in the collation of data, respond to queries raised by internal parties in a confident, timely and accurate manner
- Preparing claims reports as required by XL Catlin Claims Manager
- Conform to all agreed and active standards and procedures in order to ensure consistency across all tasks undertaken
- Enter reinsurance agreements on internal Reinsurance systems and liaise with Outwards Credit Control Team to ensure premiums are paid to reinsurers
7
Experience For Reinsurance Analyst Co-op Resume
- Engage with internal departments and recommended and advise upon system solutions
- Provide Admin support to the Group Ceded Reinsurance Manager in all aspect of reinsurance procedures
- Produce and maintain procedure guidelines for Ceded/Outwards reinsurance
- Develop and maintain relationships with stakeholders, specifically Divisional Ceded Reinsurance Teams
- Ensure that high standards of service are maintained and improved upon
8
Experience For Senior Reinsurance Analyst Resume
- Prepare reinsurance analysis reports and financial illustrations for management review
- Prepare Group Reinsurance placement documentation as instructed by the Authorised Reinsurance Purchaser
- Prepare recoveries advices in accordance with reinsurance agreement terms and conditions
- Preparation of data for and liaison with internal management, Equator Re and credit control teams to ensure accurate data is collated
- Adept user of Excel (Microsoft access also beneficial but not mandatory
- Environmental Awareness/Customer Focus
9
Experience For Temporary Reinsurance Analyst Resume
- A high level of numeracy and literacy
- Audit PMMIS encounters and reinsurance payments to ensure that they are appropriately encountered by the contractor and processed. Use knowledge of coding and claims as well as AHCCCS Reinsurance processing rules to assist the Contractor when necessary in identifying impediments to processing through PMMIS
- Audit critical monthly reports to ensure Contractors program compliance and make necessary recommendations when needed
- Audit and process catastrophic & transplant reinsurance cases for adjudication and payment
- Communicate with internal and external personnel on a daily basis including by phone or email. Provide technical system/training support to external and internal users
- Develop and analyze a variety of Cognos reports and Excel workbooks for paid adjudicated encounters and reinsurance payments to ensure that encounters are appropriately submitted by the contractor and processed so that they are included in the data used by the actuaries when developing managed care capitation rates
- Provide technical system/training support to external and internal users. Assist with Technical Assistance to Health Plans and participate in the Quarterly Contractor Workshops
10
Experience For Reinsurance Analyst Tampa Resume
- Demonstrated ability to balance, prioritize and organize multiple tasks, work collaboratively in teams
- Works with brokers/reinsureds/reinsurers to explain coverage and income opportunities and liabilities while gaining support for the company’s position
- Coordinates with business units and corporate finance areas in the reporting of financial statement Schedule F and P and other processes
- Knowledge of the Prepaid Medical Management Information System (PMMIS) Reinsurance System
- Supports and develops analysis of reinsurance accounts and contractual requirements, including but not limited to exposure/cession based rates/thresholds, limits/retentions, annual aggregate deductibles/limits, loss corridors, application of experience adjustments, monitors large losses,. Interacts with reinsurance claims a regular basis
- Assists efforts of multi-departmental teams on assumed and ceded reinsurance accounts under complex Treaty and/or Facultative certificates for the purpose of recovering of outstanding assumed and ceded balances due the company
- Pursues recovery of balances on most complex and/or contentious reinsurance accounts by working with brokers, reinsureds, and reinsurers. Liaison with the collections unit to identify and resolve complex settlement issues
- Develops financial analysis reports on reinsureds to support reinsurance placements. Also completes financial ratings reports for internal rated reinsurers
- Maintains the market security file and monitors aging of outstanding assumed and ceded balances. Initiates corrective action to ensure payment on a timely basis
List of Typical Skills For a Reinsurance Analyst Resume
1
Skills For Reinsurance Analyst Co-op Resume
- Demonstrated experience using Microsoft Office and other software: Cognos, Excel, Word and Outlook
- Intermediate Excel and Access Skills
- Demonstrated experience with encounters or ICD-9 or 10 coding (claims)
- Experience of cashflow/financial modelling
- Prioritise work to demanding deadlines
2
Skills For Senior Reinsurance Analyst Resume
- Reinsurance experience and understanding of reinsurance contracts, and reinsurance processes
- Reinsurance, claims and accounting or related experience
- Develop effective professional relationships
- Three years of experience in Life/Health/Annuity Reinsurance
- Conducting claim reserves reconciliations, supporting financial closing and reporting processes
- Assisting in identifying and resolving risk and audit issues
- Conducting data cleansing/refinement tasks, based on specified data quality control/housekeeping reports
- Working with the BPA Pricing and Deal Management teams to optimise commercials
3
Skills For Temporary Reinsurance Analyst Resume
- Accounting and reconciliation of reinsurance arrangements
- Maintaining documentation of processes and procedures
- Entering risk data and business conditions of reinsurance transactions into company’s system
- Complying with XL Catlin Claims guidelines and procedures
- Supporting the reinsurance tender process
- Undertaking analysis of reinsurance terms
4
Skills For Reinsurance Analyst Tampa Resume
- Assisting with reinsurer relationship management
- Supporting work to ensure compliance with the Reinsurance Framework
- Scheduling and coordinating all reinsurance production activities for the reinsurance treaties supported in regional office
- Conducting data reviews/refinements, based on specified ’housekeeping’/data quality control reports
- Supporting continuous improvement activities
- Address queries from internal stakeholders including Finance, Claims, and Underwriting
- Maximise the process in place within the Underwriting Divisions in order to ensure timely and accurate data being captured
- Monitor and review data received from the Underwriting divisions/Divisional Ceded Reinsurance teams for accuracy and reporting exceptions
5
Skills For Reinsurance Analyst San Francisco Resume
- Administration and processing of reinsured policies in accordance with treaty arrangements
- Interpretation of Security Request Forms and Coding Sheets for entry into eTreaty application
- Manage Special Acceptance processing and documentation
- Interpretation of reinsurance contracts - Interpretation of Security Request Forms and Coding Sheets for entry into eTreaty application
- Work under pressure to meet established monthly and quarterly deadlines in a very demanding, client-focused environment
- Assist with capturing reinsurance agreements on reinsurance systems to ensure that all correct details are logged
- Analyse data and use for decision-making
- Oversight of the assignment of new treaty numbers in eTreaty application
6
Skills For Reinsurance Analyst Resume
- Interpretation of reinsurance contracts
- Manage document maintenance in iReContract application
- Manage Loss Sensitive treaties in FSRI application
- Field office operational support for SRI application
- Field office operational support for treaty layoff
- Provide support for FGEN table manager
7
Skills For Reinsurance Analyst Co-op Resume
- Follow all audit compliance and SOX controls
- Support reinsurance claims relative to changes in eTreaty
- Support reinsurance claims relative to changes in eTreaty - Ad-hoc analysis as required
- Partner with internal stakeholders to process and issue reinsurance settlements that meet the contractual obligations as defined in reinsurance agreements signed by GB ,clients solutions and creditor areas
- Process accounting entries to reflect settlement computations, including offsetting incoming and outgoing payments and accruing for estimated revenues and expenses
8
Skills For Senior Reinsurance Analyst Resume
- Ensure the accuracy and integrity of the financial information related to reinsurance on the income statement by performing variance analysis and/or providing support to the GB Reporting & Analysis team and other internal partners
- Ensure the accuracy and integrity of the financial information related to reinsurance on the balance sheet by reconciling, and/or providing support to the GB Financial Controls - Reconciliation team, for various payable, receivable, and suspense accounts
- Excellent numeracy, analytical and investigation skills
- One to two years coding and claims experience
- Two or more years in systems/claims/program auditing in the healthcare industry or closely related experience
- Experience in insurance/reinsurance administration an advantage
- Qualified accountant preferably with some experience in the insurance sector
9
Skills For Temporary Reinsurance Analyst Resume
- Experience developing treaties and/or contracts
- Sound understanding of reinsurance treaties and timeframes allotted regarding facultative business
- Knowledge and understanding of the life insurance issue and underwriting process
- Knowledge and use of financial modeling, including advanced proficiency in Excel
- Analytical approach, diligent and accurate working style, flair for numbers, attention to detail
- Knowledge and understanding of reinsurance administration, its marketplace, guidelines and processes
10
Skills For Reinsurance Analyst Tampa Resume
- Knowledge and application of accounting principles and standards
- Ensure controls are maintained and control gaps are identified to management
- Open minded: ability to find innovative e solutions to deliver ‘best in class’ service
- Knowledge of reinsurance principles, practices and procedures, products and services
- Negotiate and influence business partners
- Proficient knowledge of the Life Reinsurance System (TAI), Customer Service Workbench (CSW), Life System (LF) and Ingenium Life
- Associate, Reinsurance Administration (ARA) designation in progress or completed
- Fellow, Life Management Institute (FLMI) designation in progress or completed
List of Typical Responsibilities For a Reinsurance Analyst Resume
1
Responsibilities For Reinsurance Analyst Co-op Resume
- VBA skills would be an advantage but not essential
- Development, collation, consolidation and analysis of reinsurance placement data
- Assist in preparation of information for reinsurance training and awareness, including production and presentation of outward treaties
- Manage reporting procedures and systems, for delivery and management of Group and Regulatory requirements
- Participates in special projects and multi-departmental teams
2
Responsibilities For Senior Reinsurance Analyst Resume
- Participates in the development of new policies and makes recommendations for clarification and/or improvement to current policies and procedures
- Perform process reviews where applicable
- Provide alternative recommendations to become more efficient. Plan and execute the new enhanced process flow
- Confidence to deal with external regulatory stakeholders and ability to work with a cross functional team to deliver regulatory requirements
- Assess, analyze, understand and predict financial results
3
Responsibilities For Temporary Reinsurance Analyst Resume
- Completion of twelve semester hours of business and/or accounting and two years of professional financial auditing, program compliance auditing, or closely related experience
- Quantification, collation, and reporting on reinsurance pricing and system rates
- Assist with development of the reinsurance purchasing strategy for the Division
- Knowledge of AHCCCS’ reinsurance policies and procedures
- Strong oral and written communication skills. Ability to communicate clearly and comfortably with Sun Life Underwriters as well as other internal business partners and peers
- Tertiary qualifications, preferably in Mathematics, Statistics, Actuarial, Finance, Business, and/or a related discipline
- Advanced Microsoft Excel knowledge, VBA and SQL knowledge also viewed favourably
4
Responsibilities For Reinsurance Analyst Tampa Resume
- Responsible for the maintenance of the renewal placement summary for the purposes of management & Group reporting for all lines of business such as large claim information
- Continuous business process improvement that are aligned to improving business unit’s KPIs and can be translated into tangible benefit
- Identify trends, comparing to benchmarks and providing reports to the business including reinsurance outcomes. Undertake data analysis and analytics development work. Learn analytics tool, technique and apply/use it to deliver analytical insights to the business
- Collation and analysis of reinsurance purchasing information for each of the reinsurance programs within the Division
- Provide information as required in support of the Divisional and Group program including treaty wording reviews and finalization in accordance with GPS standards
- Assessing competitive positioning
- Enjoy problem solving and working with details. Identify issues and bring to resolution
5
Responsibilities For Reinsurance Analyst San Francisco Resume
- Accuracy and a thorough approach
- An ability to challenge constructively and influence outcomes where appropriate
- Experience with SAS, Project Management, Visual Basic Applications for Macros, Accounting, Math, Statistics and Computer Science in an analytical or technical capacity
- Energetic and results-oriented
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