What are the responsibilities and job description for the Reinsurance Analyst - ONSITE - SPANISH Required position at HR Exchange?
We Support a large international REINSURANCE COMPANY IN Miami, Fl looking for a REINSURANCE ANALYST for the US Headquarters.
This role will require someone bilingual in Spanish and with 1 plus year of experience in a reinsurance or insurance carried with applicable experience.
IDEAL CANDIDATE MUST HAVE A MATH, ACTURARIAL SCIENCE OR FINANCE DEGREE
- Risk Assessment: Evaluate and analyze various risks related to insurance policies, ensuring that the company’s offerings align with market conditions and emerging trends.
- Data Analysis & Reporting: Perform detailed data analysis to assess the financial stability of insurance portfolios, and generate reports to guide decision-making.
- Claims Management: Monitor and assess insurance claims processes, ensuring that claims are processed efficiently and in compliance with industry standards and regulations.
- Policy Evaluation: Analyze existing policies and suggest improvements to minimize financial risks while optimizing the coverage for clients.e
Manage KYC and Compliance Adherence as needed.
Manage reinsurance, sales, accounting, and legal administrative duties, such as maintaining records, processing and verifying new business.
Manage accounting activities such as calculations and preparation of billing statements, premium accounting, collections, and cash flow.
Review and update contracts related to reinsurance.
Underwrite FAC and Treaty contracts from a General Conditions and Legal Perspective.
Perform Account reconciliations as needed.
Responsible for Key MGA accounts.
Deliver professional Customer Service via phone calls, e-mails, and client visits including but not limited to oral presentations.
Data management and data verification REOS System.
Prepare and Reconcile claims bordereaux.
Claims Management:
- Property & Casualty claims adjudication and reporting.
- Receive and log all claim notifications.
- Manage claims for status and completion.
- Maintain claim logs and reporting.
- Maintain communication and claims reporting with underwriting agencies.
- Input paid and notified claims into the REOS system.
- Maintain cash flow management on all reinsurers.
Types of Reinsurance:
- Proportional (Quota Share, Surplus) vs. Non-Proportional (Excess of Loss, Stop Loss).
Contract Review:
- Understanding treaty terms, ceded premiums, and coverage conditions.
Salary : $70,000 - $85,000
