Reinsurance Associate

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Warren, NJ, USA
In-Office
Insurance • Financial Services
The Role

MSIG US continues to grow! 

Summary/Job Purpose:

Provides administrative and technical support that facilitates reinsurance processing for the organization

Essential Functions:

Percentage of Time:

  • Review and manage Laserfiche tasks for direct business, and provide research as needed
  • Research assumed business premium legacy items and work with Senior Reinsurance Analyst for a resolution
  • Responsible for PRS premium entry and reconciliation
  • Assists with fac accounts and provides research to identify any discrepancies or differences
  • Responsible for compiling and reconciling Tokio Marine, Hyundai and Surplus Treaty bordereaux
  • Track Fac Oblig Cession Requests and ensure that accounts are booked accordingly
  • Work closely with Senior Reinsurance Analysts to handle any premium discrepancies.
  • Manage outstanding underwriting data requests
  • Support the Reinsurance Accounting team and works on projects, as assigned
  • Performs other duties as assigned.                                                                                                                  

                                                                                                                               

Supervisory Responsibilities:

This position has no supervisory responsibilities.

Qualifications:  To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Education and Experience Required: 

Diploma/Degree & Experience:

  • Associate’s degree and 2+ years with related insurance and reinsurance experience or equivalent combination of education and experience.  Proficient in excel is a must.
  • Excellent written and verbal communication skills
  • Effective negotiation skills
  • Good organization skills

It's an exciting time for our company and a great opportunity to join a financially sound and growing global insurance group!  
It is the policy of MSIG-USA to provide equal employment opportunity (EEO) to all persons regardless of age, color, national origin, citizenship status, physical or mental disability, race, religion, creed, gender, sex, sexual orientation, gender identity and/or expression, genetic information, marital status, status with regard to public assistance, veteran status, or any other characteristic protected by federal, state or local law. In addition, MSIG-NA will provide reasonable accommodations for qualified individuals with disabilities.

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The Company
New York, New York
644 Employees

What We Do

MSIG USA is the partner that businesses rely on for creative, customized insurance solutions. Owned by a global P&C carrier with an A+ rating and a 300-year heritage, MSIG USA helps protect leading businesses across a wide range of industries. The company’s financial strength and deep capacity enable it to cover a wide range of risks and deliver responsive, personalized service through a nationwide team. MSIG USA is admitted in all P&C lines in all 50 states, the District of Columbia, and Puerto Rico. MSIG USA is the marketing name used to refer to certain underwriting subsidiaries of MSIG Holdings (U.S.A.), Inc. (“MSIGH”), and its subsidiary companies. U.S. Companies Only: MSIG insurers are subsidiaries of Mitsui Sumitomo Insurance Company, Limited, a member of MS & AD Insurance Group. MSIG refers to the insurers underwriting coverage: Mitsui Sumitomo Insurance Company of America, Mitsui Sumitomo Insurance USA Inc. and MSIG Specialty Insurance USA Inc

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