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At Pekin Insurance, you’re not a number—you’re part of something bigger. For over 100 years, we’ve built a community where people are valued, supported, and empowered to grow. Here, you’ll find a workplace where collaboration is real, ideas are welcome, and the work you do truly matters. We’re proud to help people through life’s toughest moments—and it’s our people who make that possible.
From day one, you’ll be encouraged to bring your whole self to work, take on meaningful challenges, and grow in ways that matter to you. Learn more about Pekin Insurance Here!
Position Overview
The Reinsurance Program Lead is responsible for overseeing the company's reinsurance operations, accounting, and administration while supporting the execution of the organization's reinsurance program. This role ensures the accurate administration of reinsurance contracts, timely financial reporting, recoverables management, and compliance with contractual, regulatory, and accounting requirements. Working closely with Finance, Underwriting, Claims, Actuarial, and external brokers and reinsurers, the Reinsurance Program Lead provides operational and financial support that enables the effective execution of the company's reinsurance strategy.
Essential Job Functions
- Manages the day-to-day administration of treaty and facultative reinsurance programs, ensuring accurate implementation of contract terms
- Oversees reinsurance accounting activities, including ceded premium and loss reporting, recoverables, settlements, and account reconciliations
- Ensures timely and accurate reporting to reinsurers, brokers, auditors, and regulatory agencies
- Monitors reinsurance recoverables and collaborates with Claims and Finance to facilitate timely collections and resolve outstanding balances
- Coordinates reinsurance renewal activities by preparing data, financial analyses, and supporting documentation for management, brokers, and reinsurers
- Reviews reinsurance contracts to ensure operational processes align with contract provisions and identify potential issues requiring resolution
- Partners with Underwriting, Actuarial, Finance, and Claims to support the administration and financial reporting of the reinsurance program
- Maintains accurate reinsurance records and documentation, ensuring compliance with internal controls, accounting standards, and regulatory requirements
- Supports internal and external audits by providing requested documentation, reconciliations, and analysis
- Prepares recurring management reports and analyses related to ceded results, recoverables, treaty activity, and operational performance
- Identifies opportunities to improve reinsurance processes, controls, reporting, and system efficiency
- Performs other duties as assigned
Education & Experience
Required
- Bachelor’s degree in Insurance, Finance, Risk Management, Mathematics, or related field
- Typically requires 7+ years of progressive reinsurance or insurance experience
Preferred or Specialized
- N/A
Certifications & Licenses
- CPCU, ARe, or FCAS/ASAS designations preferred
Knowledge, Skills & Abilities
Demonstrated ability to:
- influence executive-level decision-making
- communicate effectively in both oral and written form
- handle difficult and stressful situations with professional composure
- analyze, organize, and prioritize work while meeting multiple deadlines
- organize and reason in a logical manner
Demonstrated skill in:
- leadership, analytical, and communication
- negotiating with reinsurers and brokers
- managing one’s own time and working independently
- customer service
Demonstrated knowledge of:
- capital modeling and enterprise risk management
- property & casualty insurance operations
- reinsurance accounting and regulatory reporting
- treaty structures, facultative placements, and catastrophe management
- Microsoft Office software
Applicants must be authorized to work in the U.S. without sponsorship now or in the future.
Pay Range:
- $108,000 - 148,000
- This range is based on the expected level of experience and skills for this position. Final compensation will depend on individual
Benefits:
- Health, Dental and Vision Insurance
- Generous 401(k) with company match
- Paid Time Off (PTO) with Paid Holidays
- Flexible/Hybrid Work Schedule
- Paid Volunteer Program
For more information about the benefits we offer, please visit our Careers Page.
Equal Opportunity EmployerThis employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.
Skills Required
- Bachelor’s degree in Insurance, Finance, Risk Management, Mathematics, or a related field
- Typically 7 or more years of progressive reinsurance or insurance experience
- CPCU, ARe, FCAS, or ASAS designation
- Knowledge of reinsurance accounting and regulatory reporting
- Knowledge of property and casualty insurance operations
- Knowledge of treaty structures and facultative placements
- Knowledge of capital modeling and enterprise risk management
- Knowledge of catastrophe management
- Strong leadership, analytical, communication, negotiation, organization, and prioritization skills
What We Do
We help our customers build their dreams. Or rebuild their lives. At Pekin Insurance,® we provide peace of mind and long-term security for our policyholders, shareholders, agents, and employees. Through wars. Peace. Economic downturns and upswings. We’ve remained undaunted. Flexible. Innovative. We’ve always managed to find ways to get the job done. Since 1921. Today, we’re one of the nation’s most successful insurance providers, with combined assets of $2 billion, more than 900 employees, 1,200 agencies, and 7,500 independent agents.
