We are seeking an experienced and analytical Senior Reinsurance Analyst to join our team. In this role, you will support reinsurance operations, analyze portfolio performance, and provide insights to optimize risk management and business outcomes. If you have strong analytical skills and a passion for the insurance industry, we'd love to hear from you.
About Guardian General Insurance Limited
Guardian General Insurance Limited is a leading property and casualty insurance company dedicated to providing comprehensive coverage and exceptional service to our clients. With a commitment to integrity and innovation, we strive to protect what matters most to our customers and communities.
JOB OVERVIEW:
The Senior Reinsurance Analyst is responsible for monitoring the group’s reinsurance risk exposure within all territories that Guardian Group P&C operates through the careful placement of reinsurance treaties along with the effective governance and control regarding reinsurance terms and conditions.
JOB RESPONSIBILITIES:
Reinsurance Treaty Administration
• Review and evaluate all treaty renewal information and ensure accuracy and complete relevant analysis in line with proposed enhancements to the treaties.
• Analyze reinsurance renewal terms and set up/maintain relevant reinsurance WebStar specifications
• Review Cover Notes and ensure in alignment with expectations.
• Monitor and analyse information related to Inward Treaty arrangements.
• Coordinate with international reinsurance brokers on queries, requests or concerns regarding the treaties.
2. Reinsurance and Underwriting Controls/Reporting
• Monitor the various classes of business to ensure adherence to reinsurance treaty terms and conditions and company guidelines.
• Review and assess relevant monthly and quarterly reinsurance reports.
• Assist Manager – Reinsurance with the review and roll out of all reinsurance facilities.
• Manage queries from operations on reinsurance related transactions and coordinate WebStar set up.
3. Reinsurance Claims Administration
• Validate large loss claims transactions for reinsurance processing accuracy
• Coordinate with internal claims and finance teams and international reinsurance brokers in relation to reporting and recoveries on large treaty claims
• Authorize Manual Reinsurance transactions on claims
• Oversight/Review of reinsurance claims report submissions to international reinsurance brokers
4. External and Regulatory Reporting
• Coordinate responses for requested information by rating agencies, regulators and auditors.
• Create ad-hoc reinsurance reports, presentations and reinsurance program summaries.
5. Catastrophe Claims Administration
• Review/validate major loss/hurricane updates for submissions
• Coordination of collection of all cash call funds with international reinsurance brokers
• Manage queries from internal claims and finance teams in relation to reinsurance recoveries for major losses/hurricanes
• Monthly oversight/review of prepared RA102 forms to be submitted to finance for journalizing of major loss/hurricane claims.
6. Any other duties assigned by the Reinsurance Manager.
EDUCATION & EXPERIENCE:
• 1st Degree in a business-related discipline or any equivalent qualification
• 5 CXC/CSEC passes including Mathematics and English Language
• 2 A’ Level/CAPE passes
• Principles of Reinsurance certificate
• Minimum of 5 years in General Insurance
• Minimum of 3 years in a similar position
ADDITIONAL REQUIREMENT:
As a regulated entity with obligations under the Know Your Employee guidelines, a Certificate of Character is required.
PERSON SPECIFICATION:
The Senior Reinsurance Analyst must be self-motivated and have the ability to multi-task in a fast-paced environment. This individual must be a logical thinker, pro-active and responsible person with the ability to meet strict deadlines. He/she must have strong work ethics with an emphasis on Integrity and Confidentiality, demonstrate a professional service provider attitude; possess a team player spirit and willing to go the extra mile.
Skills Required
- First degree in a business-related discipline or equivalent qualification
- Five CXC/CSEC passes, including Mathematics and English Language
- Two A' Level/CAPE passes
- Principles of Reinsurance certificate
- Minimum five years of experience in general insurance
- Minimum three years of experience in a similar position
- Certificate of Character
- Strong analytical, logical-thinking, organizational, multitasking, communication, and deadline-management skills
What We Do
Guardian Group is a conglomerate of insurance and financial services companies in the Caribbean, with over 100 years of experience as one of the largest insurers in the region.
