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Analyst, Reinsurance Services

Company: ENDURANCE SPECIALTY HOLDINGS LTD.
Location: Purchase
Posted on: November 26, 2022

Job Description:

As a leading provider of insurance and reinsurance with worldwide operations and employees in Bermuda, U.S., U.K., Continental Europe and Asia, we recognize that our success is derived directly from those who matter the most: our people. At Sompo International, our values of integrity, collaboration, agility, execution and excellence underpin our culture and our commitment to providing an employee experience that attracts and engages the best talent in the industry. As we continue to grow, we strive to find diverse, innovative and driven professionals to join our teams and offer a broad range of career and development opportunities at all levels, in multiple business areas, in each of our locations throughout the world. Our compensation and benefits programs are market driven and competitive, with excellent family friendly policies and flexible working provisions. Job Description We are seeking an Assumed Reinsurance Accountant position to join our Assumed Reinsurance team in our Purchase office. The Assumed Reinsurance team works within the Reinsurance Operations team and the position reports to Vice President, Reinsurance Accountant, Assumed Reinsurance. Main area of responsibility: * Analyze, identify and maintain accurate treaty accounts. This includes handling Contingent Commissions, Sliding Scale Commissions, Retrospective Rate Adjustments and Premium Adjustments and processing accounts, ensuring data captured is accurate and within agreed timeframes.

* Manager treaties which include processing and preparing accounts as well as analyzing statistics.

* Endures date quality/contract setup in reinsurance systems.

* Develop strong relationships with the Brokers and underwriting community to facilitate timely and accurate processing of account.

* Collaborate with our cash department regarding overdue balances to reduce Accounts Receivables.

* Provide back-up support for accounts processed and interact with claims department to ensure that claims in reference to specific brokers are processed.

* Prepare missing account listing to notify brokers on overdue accounts not received on a timely basis.

* Liaise with cash analysts, underwriting depts., claims dept., Brokers and clients to resolve queries

* Assist in managing receivables and suspense amounts.

* Assist in various project as deemed appropriate by management. Qualifications, Skills and Experience: * Bachelor's degree in Accounting, Finance or Business related field. Industry designations a plus (i.e. Are, AINS)

* 1 to 3+ years of reinsurance accounting, insurance accounting experience preferred with knowledge of reinsurance principles ideal. Business line knowledge useful along with knowledge or experience in an industry role such as claims.

* Ability to lean and adapt in a dynamic environment

* Strong verbal and written communications skills, Ability and confidence to challenge existing procedures & use of system

* Detailed oriented and strong problem solver with analytical abilities, Demonstrated positive attitude and works well within a Team environment.

Keywords: ENDURANCE SPECIALTY HOLDINGS LTD., New Rochelle , Analyst, Reinsurance Services, Professions , Purchase, New York

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