Senior Financial Analyst - Reinsurance

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
• Accident and Health Insurance experience is preferred.
• 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.