Reinsurance Analyst 2

Reinsurance Analyst 2

Requirements

• Bachelor’s degree in Business Administration or Accounting or equivalent experience
• Proficient with Microsoft Word and Excel
• Basic knowledge and understanding of Accounting
• Excellent attention to detail and problem solving capabilities
• Excellent organization skills, flexibility and ability to work on numerous projects concurrently
• Self-motivated
• Knowledge of reinsurance operations, administration, and billing systems as well as life claim operations
• Relational database experience

Responsibilities

• Reconcile the new daily claims set up in reinsurance billing system to the new daily reported claims from claims reports
• Research all claim exceptions that were not set up and determine proper billing records needed
• Input missing billing records into the reinsurance billing system after management approves
• Check for errors on all the daily claims in the reinsurance billing system by running queries and resolve if any errors are identified
• Prepare month end reconciliation between pending amounts held by claims and by the reinsurance billing system
• Ensure that the new daily claim benefit payments disbursed to the beneficiaries are accurately reflected to the payments updated in the reinsurance billing system
• Research all claim payment exceptions that were not set up and determine proper update needed
• Apply appropriate updates to the reinsurance billing system after management approves
• Check for errors on all the daily claim payments in the reinsurance billing system by running queries and resolve if any errors are identified
• Prepare month end reconciliation between paid amounts held by claims and by the reinsurance billing system and provide to management for review
• Determine which claims are being paid and their amounts by the reinsurer wire amounts and request documentation from the reinsurers if unclear
• Once documentation is received, record each reinsurer’s wire amount for that day into the reinsurance billing system
• Check for errors on all the daily wire amounts recorded by running queries and resolve if any errors are identified
• Provide responses to reinsurer inquiries
• Request documents from claims department on claims with high face amounts
• Redact and send to the appropriate reinsurers once documents are received
• Accumulate all necessary month end reports for each reinsurer and send to the appropriate reinsurer
• Provide weekly billing update reports to reinsurers
• Create report with ages of recoverable claim payments owed to company from the reinsurers and provide to management and reinsurers
• Research and input Facultative reinsurance cessions daily in order for new Facultative reinsurance premiums to be paid correctly
• Correct claims in the reinsurance billing system found by management to be incorrectly billed and process refunds to the reinsurers who have overpaid
• Create bills in the reinsurance billing system for investigation and legal expenses shared by the reinsurers
• Create new bills in reinsurance billing system for newly litigated claims
• Create journal entries for accounting as needed
• Serve as back up to supervisor in reviewing daily work if needed
• Responsible for putting together expense accruals, creating the Journal in Workday
• Monthly Reconciliations, balancing and reporting recoverables, pending, litigation

Preferred Qualifications

No preferred qualifications provided.