Reinsurance Transactional Auditor

Reinsurance Transactional Auditor

Requirements

• Deep understanding of reinsurance principles, treaty structures, and regulatory requirements.
• Familiarity with reinsurance contracts, including treaty and facultative agreements.
• Ability to assess data accuracy, identify discrepancies, and evaluate financial reports.
• Proficiency in analyzing premiums, claims, and recoverables.
• Ensuring compliance with treaty terms and regulatory standards.
• Reviewing documentation thoroughly to avoid errors.
• Clearly conveying findings and recommendations to stakeholders.
• Collaborating effectively with underwriters, brokers, and cedants.
• Resolving discrepancies in financial records and reinsurance transactions.
• Identifying areas for process improvement and cost savings.
• Staying updated on market trends and regulatory changes.
• Adjusting to new technologies and methodologies in auditing.
• Evaluating complex scenarios and making informed decisions.
• Providing actionable insights based on audit findings.

Responsibilities

• Conduct audits of reinsurance transactions to ensure compliance with treaty terms and regulatory requirements.
• Review reinsurance premiums, claims, and recoverable for accuracy and completeness.
• Collaborate with underwriters, brokers, and cedants to resolve discrepancies and ensure proper documentation.
• Prepare detailed audit reports and recommendations for process improvements.
• Monitor reinsurance market trends and changes in regulations to ensure adherence to best practices.
• Develop and maintain reinsurance records and databases for audit purposes.

Preferred Qualifications

• Bachelor’s degree in Accounting, Finance, or a related field.
• Strong understanding of reinsurance principles and treaty structures.
• Prior experience in reinsurance or insurance auditing is required.