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Tokio Marine HCC
Senior Reinsurance Analyst | Houston, TX, USA
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What they do
A Collections Analyst communicates with clients to provide support and follows up on outstanding payments. Prepares and reviews reports about collection accounts and monitors collection of over-due accounts. May also analyze credit risk and recommend credit extension.
$46,022 / year median in Texas
-4% projected decline
Job Description
Senior Reinsurance Analyst Job Title:
Senior Reinsurance Analyst Location:
Houston, TX (Hybrid 4:1)Reports To:
Reinsurance Reporting Manager Employment Type:
Full timeWork Schedule:
Hybrid (4 days in office, 1 day remote) About Us Help us insure it. Tokio Marine HCC is a leading global specialty insurance group, backed by the strength and stability of the Tokio Marine Group. With more than 50 years of sustained growth and profitability, and offices across the United States, the United Kingdom, Europe, and other international locations, we offer more than 100 classes of specialty insurance-covering everything from the crops that feed us and the concerts that entertain us to rescuing travelers abroad. Guided by our Mind Over Risk philosophy, we empower clients to pursue opportunities with confidence while fostering a culture rooted in innovation, collaboration, and trust. Always Advancing, we embrace an entrepreneurial spirit; as Experts in Tomorrow, we anticipate what's next; and by Reaching Out, we build genuine connections that enable our people and our business to thrive. Role Overview Under general supervision, performs progressively complex reinsurance and accounting activities relating to the maintenance of ledger accounts, financial statements, and the development of associated managerial reports for reinsurance applications. Key Responsibilities- Update profit commission and sliding scale calculations as needed for accrual and collection purposes.
- Prepare various ad hoc reports using advanced Excel skills (pivot tables and macros).
- Prepare Loss Triangles for applicable lines of business.
- Detailed review of various "Schedule F" quarterly files
- Perform/Assist in banking activities such as letters of credit, collateral for specified accounts, and preparing draws against reinsurers' letters of credit or trust accounts.
- Respond to inquiries from reinsurers/brokers concerning settlements, Claims, and Collections and coordinate responses from the various departments.
- Compile and analyze financial information to prepare and post entries to general ledger account and to document business transactions as well as the preparation of various reports including but not limited to facultative, treaty, and excess of loss coverages.
- Analyze, research, and develop a work plan for stale dated reinsurance issues with missing data.
- Review settlements prepared by Associate Reinsurance Analysts and Reinsurance Analysts for accuracy and completeness.
- Interact and assist internal and external auditors, as necessary for reinsurance matters.
- Proactively detect, research, and resolve reconciliation items as they relate to reinsurer balances.
- Research reinsurance transactions for commutations and otherwise provide support to the commutation process.
- Prepare financial reports such as balance sheets and income statements. What You Bring Education
- Bachelor's Degree in Accounting, Finance, a related field, or the equivalent education and/or experience Experience
- 5 Years Relevant and progressive professional experience
- People Soft and Genius exposure preferred
- Preferred Associate in Reinsurance (ARe) designation or progress towards ARe designation Key Competencies
- Follow work plans, established timelines, and predefined goals for assigned work.
- Meet commitments on deadlines.
- Communicate activities, results, and observations with employees and management as appropriate.
- Identify areas for improvement in existing business practices.
- Perform work thoroughly in a cost-efficient manner and at a high productivity level.
- Comply with all corporate policies and procedures.
- Report any breakdowns in controls to management.
- Conduct all activities in a safe manner.
- Solid understanding of reinsurance principles and the accounting relationship.
- Understanding of the general applications of a reinsurance system.
- Possess and have ability to apply broad knowledge of principles, practices, and procedures.
- Excellent written and verbal communications skills with an emphasis on confidentiality, tact, and diplomacy.
- Exceptional organizational and analytical skills; demonstrated ability to manage multiple tasks simultaneously.
- Knowledgeable of industry changes, legal updates, and technical developments related to applicable area of the Company's business to proactively respond to changing business environment
- Intermediate proficiency and experience using Microsoft Office package (Excel, Access, PowerPoint, Word)
- No people management responsibility. What We Offer
- Competitive salary and comprehensive medical, vision, and dental benefit package, with eligibility beginning on your date of hire
- Strong learning culture with ongoing development opportunities
- Basic life and disability insurance
- 401(k) plan with 6% company match
- 20 days of PTO, two floating holidays, approximately 11 paid holidays, and volunteer time off
- Paid parental leave
- An opportunity to do meaningful work and love what you do Equal Opportunity Employer TMHCC is an equal opportunity employer.
Benefits
- Paid Time Off (PTO)
- Floating Holidays
- Volunteer Time Off (VTO)
- 401(k) Plans