5 Sr. Financial Analyst - Reinsurance Jobs in West Chester, PA
PMA Companies is Hiring a Sr. Financial Analyst - Reinsurance Near West Chester, PA
- Analyze and control premium and commission monthly by source, program, company and line of business.
- Calculate ceded reinsurance premium and commissions and prepare quarterly trend analyses.
- Monitor cash collections and make quarterly settlements between PMA and reinsurers.
- Calculate, record and settle all ceded reinsurance losses while interacting with actuarial staff in the preparation and review of quarterly loss reserve analyses.
- Control all assumed and inter-company reinsurance.
- Calculate deferred acquisition costs quarterly by line of business.
- Prepare quarterly and annual financial and management reports.
- Facilitate quarterly financial results meetings and meet regularly with operating management on various topics pertinent to the business.
- Work cooperatively to facilitate financial audits including Sarbanes-Oxley compliance and State Examinations.
- Work closely with new underwriting companies' operating management to coordinate the set-up of new ORI companies.
- Oversee preparation of annual financial plan model, working with colleagues in financial accounting and reporting, reinsurance accounting, actuarial and operations.
- Demonstrate commitment to Company's Code of Business Conduct and Ethics, and apply knowledge of compliance policies and procedures, standards and laws applicable to job responsibilities in the performance of work.
- Bachelor's degree in Accounting/Finance is required.
- Three to Five years business experience, P&C Insurance industry experience a plus.
- Financial accounting experience required, P&C reinsurance accounting experience a plus.
- Strong Microsoft Excel and Power Point skills.
- Strong verbal and written communication skills -- able to communicate financial matters to non-financial management and staff in a concise, informative manner.
- Be a self-starter, flexible/adaptable to changing priorities, inquisitive.
- Able to identify potential problem areas and formulate suggested solutions for discussion with Manager and operations management and staff.
- Ability to work both individually and collaboratively, knowing when to involve others in the evaluation and decision making process to minimize non-productive time.
- Comfortable interacting with all levels of management.
Job Summary
Full Time
Insurance
$92k-112k (estimate)
08/24/2024
10/07/2024
pmacompanies.com
BLUE BELL, PA
1,000 - 3,000
1915
VINCENT T DONNELLY
$500M - $1B
Insurance
Related Companies
About PMA Companies
PMA Companies provides risk management solutions and services, specializing in workers compensation and offering property & casualty insurance, in the United States. Headquartered in Blue Bell, PA, PMA Companies is a member of Old Republic Companies. Old Republic International Corporation (NYSE: ORI) is one of the nations 50 largest publicly held insurance organizations. PMA Companies includes: PMA Insurance Group, specializing in workers compensation, and providing other commercial property & casualty insurance products; and PMA Management Corp. and PMA Management Corp. of New England, provid...ing results-driven TPA and Risk Services specializing in workers compensation and liability. We maintain a large client retention rate of 90% or higher and a client satisfaction rate of 96% per an independent survey. At PMA, we still build relationships the "old-fashioned way." Our clients know we care. They know we say what we do and do what we say. And they know that they can count on us to deliver tangible value to their business and to work passionately on their behalf.
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