POSITION SUMMARY:
The Senior Operations Assistant – Proportional is responsible for providing specific technical expertise on accounts and monitoring and coordinating all aspects of servicing the reinsurance contract for assigned clients on the proportional book of business. This includes setting priorities, coordinating special projects, and liaising directly with internal/external clients and staff at all levels.
KEY RESPONSIBILITES:
- Timely processing of pro-rate accounts and bordereaux in our policy management system arising from a variety of classes of business including Casualty, Specialty & Property.
- Maintaining the integrity of operational pro-rata files and reporting to underwriting and claims the in formation contained within these files, as requested.
- Liaising with brokers in a professional manner to obtain detailed information relating to the information presented in pro-rata accounts.
- Investigate and allocate headlined claim events to ensure correct flagging for retrocessional arrangements and actuarial reserving.
- Verification of pertinent financial information that has been entered into our policy management system.
- Provide feedback to Underwriters, Claims, and Actuarial from a pro-rata perspective.
- Ensure all pro-rata accounts are processed and reserved. Ensures alignment and compliance with Global reserving practices and strategy.
- Verification of the calculation of loss sensitive payments (i.e. Profit Commissions/Sliding Scale Commission).
- Completion of the quarterly Estimated Premium Income review process which covers all in-force contracts that are recording premium using estimated figures ensuring accuracy.
- Assisting in the management of the pro-rata cash allocation process and highlighting problematic items.
- Monitoring the pro-rata receivables balances and the following up with brokers/cedents on the overdue balances.
- Completing pro-rata account payments for balances due to the broker/cedent.
- Other duties as required.
REQUIRED SKILLS AND EXPERIENCE:
- At least 2 years prior experience in processing of pro-rata accounts.
- At least 2 to 5 years relevant prior experience in the (re)insurance/ industry.
- A professional designation preferable (CA, ACA, CPA) or equivalent work experience.
- Demonstrated strong mathematical and numerical analytical skills.
- Proven problem-solving ability, applies strong technical skills to achieve results.
- Experience in DXC SICS would be an asset.
- Strong knowledge in Microsoft Office Suite of applications.
- Proven organizational and timekeeping skills and a strong sense of attention to detail are essential.
- Priorities responsibilities, makes effective use of time and remains flexible to changing work needs/demands.
- Excellent verbal and written communication skills.
- Fluent in English, with Spanish, German, and other languages an advantage.
Our people are our most valuable resource and core to our success. This is a fast-paced business environment, demanding a strong work ethic and a results-oriented approach. We offer competitive compensation and benefits, a comprehensive talent development program, and a reward system in which employees share in the success of the company. We are an engaged member of the communities in which we live and work and have a locally-led giving philosophy with generous employee matching program, global and local community grants and employee volunteerism.We seek diversity, create equity, and practice inclusion. Our people are at the heart of everything we do. We are an equal opportunity employer. We provide equal opportunity to all qualified individuals regardless of race, color, religion, national origin, sex, sexual orientation, gender identity, marital status, pregnancy, disability, military status or other legally protected categories.
Skills Required
- At least 2 years prior experience in processing of pro-rata accounts
- At least 2 to 5 years relevant prior experience in the (re)insurance industry
- A professional designation preferable (CA, ACA, CPA) or equivalent work experience
- Demonstrated strong mathematical and numerical analytical skills
- Proven problem-solving ability, applies strong technical skills to achieve results
- Experience in DXC SICS would be an asset
- Strong knowledge in Microsoft Office Suite of applications
- Proven organizational and timekeeping skills
- Excellent verbal and written communication skills
- Fluent in English, with Spanish, German, and other languages an advantage
What We Do
RenaissanceRe is one of the world’s leading reinsurance companies, consistently recognised for our innovation, technical excellence and creative problem-solving. Our clients are multi-national organizations and government entities who turn to us to help manage the risks of operating in a volatile and uncertain world, including climate change, natural hazards like wildfires and hurricanes, cyber threats and significant societal upheaval. We’re proud of our world-class reputation for exceptional performance and being a trusted partner, there for our clients when it matters most. Our corporate purpose is to protect communities and enable prosperity. When disaster strikes, the claims we pay help keep businesses open and communities rebuild. Ensuring that our technology ecosystem can anticipate and respond to unprecedented global change in the world order is an imperative. It is only through continuously seeking to innovate through transformative technology that we can deliver our strategic business priorities, aims, and objectives. RenaissanceRe’s name comes from our founders’ intention to create a renaissance in quantifying and managing risk. Our success depends on the unique way we combine information, experience and technology to empower our decisions. We have developed new and cutting-edge technologies since the day we started in 1993 and have long been recognized as pioneers and technical innovators; designing and engineering solutions to rapidly serve clients and help them dynamically manage their business
