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Sr Financial Analyst - Reinsurance
Blue Bell, PA
Job Description
- Analyze and control premium and commission monthly by source, program, company and line of business.
- Calculate ceded reinsurance premium and commissions and prepare quarterly trend analyses.
- Monitor cash collections and make quarterly settlements between PMA and reinsurers.
- Calculate, record and settle all ceded reinsurance losses while interacting with actuarial staff in the preparation and review of quarterly loss reserve analyses.
- Control all assumed and inter-company reinsurance.
- Calculate deferred acquisition costs quarterly by line of business.
- Prepare quarterly and annual financial and management reports.
- Facilitate quarterly financial results meetings and meet regularly with operating management on various topics pertinent to the business.
- Work cooperatively to facilitate financial audits including Sarbanes-Oxley compliance and State Examinations.
- Work closely with new underwriting companies' operating management to coordinate the set-up of new ORI companies.
- Oversee preparation of annual financial plan model, working with colleagues in financial accounting and reporting, reinsurance accounting, actuarial and operations.
- Demonstrate commitment to Company's Code of Business Conduct and Ethics, and apply knowledge of compliance policies and procedures, standards and laws applicable to job responsibilities in the performance of work.
- Bachelor's degree in Accounting/Finance is required.
- Three to Five years business experience, P&C Insurance industry experience a plus.
- Financial accounting experience required, P&C reinsurance accounting experience a plus.
- Strong Microsoft Excel and Power Point skills.
- Strong verbal and written communication skills -- able to communicate financial matters to non-financial management and staff in a concise, informative manner.
- Be a self-starter, flexible/adaptable to changing priorities, inquisitive.
- Able to identify potential problem areas and formulate suggested solutions for discussion with Manager and operations management and staff.
- Ability to work both individually and collaboratively, knowing when to involve others in the evaluation and decision making process to minimize non-productive time.
- Comfortable interacting with all levels of management.
Job Summary
Company
Start Date
As soon as possible
Employment Term and Type
Regular, Full Time
Required Education
Bachelor's Degree
Required Experience
3 to 5 years
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