Reinsurance Analyst Responsibilities and Duties

Posted in Job Responsibilities

Perform on reinsurance monthly, quarterly and yearly closing process.

Ensure general ledger shows all accounting transactions for given period and reconciliations are conducted.

Prepare monthly or quarterly journal entries relevant to reinsurance.

Evaluate and process utmost complicated domestic as well as international reinsurance unspecified treaty accounts.

Review profit commissions accounts and adjust retrospective premium.

Perform calculation of unjustified premium and audit related treaty provisions following treaty terms.

Collaborate with accounts statements rendered by cedant.

Recommend management on implicit and ceded reinsurance account along with policies and processing claims.

Supervise and confirm all security actions involving letters of credit, funds withheld and trusts.

Ensure to correctly maintain all account complying with agreements terms.

Conduct balances recovery on complicated reinsurance accounts through working with brokers and reinsurers.

Develop and maintain relations with collections unit to search and resolve complicated settlement issues.

Identify key changes in losses incurred and leftover balance loss reserves.

Prepare reinsurance analysis reports for management review.

Develop financial illustrations for various pooling and captive arrangements.

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