Annuity Reinsurance Administration Analyst

Job Summary

The Annuity Reinsurance Administration Analyst is responsible for performing various duties to ensure accurate and timely reporting with annuity reinsurers.  This includes preparing journal entries and required settlement reporting for annuity reinsurance treaties and having a thorough understanding of the treaties.  

This position reports to the Manager, Annuity Reinsurance Accounting & Administration. 

Duties and Responsibilities

• Participate in many aspects of annuity reinsurance accounting and reporting, from the initial recording/coding of treaties to the monthly/quarterly processing and accounting/reporting
• Prepare accounting/reporting entries and settlement reports for annuity treaties
• Partner with various areas to implement new reinsurance treaties / amendments
• Perform timely and accurate reconciliation of reinsurance accounts, making necessary adjustments as appropriate
• Perform annuity reinsurance internal controls
• Gain a thorough understanding of the underlying reinsurance processes and the types of treaties and arrangements in place
• Assist with internal, external, and reinsurer audits
• Maintain key stroke level standard operating procedures
• Maintain KPIs which will be reported to senior management
• Continuously evaluate processes and controls in order to create operational efficiency 
• Actively participate in modernization and other corporate initiatives
• Assist with ad hoc requests, special projects and other duties related, as assigned

Experience and Education Requirements

• Bachelor’s degree in Business Administration, Accounting, or equivalent
• Minimum 1-3 years of experience in reinsurance accounting or financial reporting and information technology
• Reinsurance accounting with annuities or financial services industries preferred
• Big 4 public accounting experience preferred
• CPA license or in pursuit of such license preferred

Skills and Abilities

• Exceptional interpersonal and communication (verbal and written) skills
• Highly motivated and demonstrated ability to take initiative
• Ability to work both independently and as part of a team with professionals at all levels
• Experience analyzing and understanding key data and technical accounting
• Ability to effectively prioritize multiple tasks/projects to meet critical deadlines
• Ability to work in a fast-paced environment
• Excellent organizational and time management skills
• Demonstrates ability to maintain confidentiality
• Strong problem-solving skills
• Champion process improvement and automation activities
• Proficient in database and excel skills

Other Requirements

• Perform other functions, duties and projects as assigned
• Regular and punctual attendance
• Some travel required (less than 10%)

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Last updated on Aug 19, 2024