Job Description - Junior Reinsurance Analyst in Miami
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Junior Reinsurance Analyst

Ref: US_EN_6_983175_1423337

Posted on 10 January 2022
Job Location
Miami, Florida
Contract Type
Contract/Temp to Hire
Information Systems

Modis is seeking a Junior Reinsurance Analyst to join one of our Fortune 500 insurance clients in Miami, FL.

The Junior Reinsurance Analyst will assist in the processing and management of the proportional book of business. This includes liaising directly with clients, underwriters, other departments and staff at all levels.

  • Timely processing of pro-rata accounts and bordereaux in SICS for VRS - Miami treaties
  • Maintaining the integrity of operational pro-rata files and reporting to underwriting and claims the information 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; this includes querying underlying information if discrepancies are noted
  • Assisting with the allocation of headlined claim events to ensure correct flagging for retrocessional arrangements and actuarial reserving
  • Review of financial information for the Operational Verification process which is confirmation of pertinent financial information that has been entered into our underwriting system (SICS)
  • Verification of the calculation of loss sensitive payments (i.e. Profit Commissions/Sliding Scale Commission)
  • Assisting with the quarterly Estimated Premium Income (EPI) review process which covers all in-force contracts that are recording premium using estimated figures and ensuring these figures are still accurate
  • Assisting in the management of the pro-rata cash allocation process and highlighting problematic items
  • Assisting in the monitoring of 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/Experience

  • A GCSE or equivalent and relevant experience may be qualifying; Bachelors degree in Business or related field preferred
  • Evidence of progression towards accounting or industry certification, (ARe, CPCU) preferred 
  • Knowledge of structure of underwriting files and previous exposure to reinsurance contracts, treaties and reinsurance markets preferred
  • Experience in SICS would be an asset
  • Proficient in Microsoft Office Suite
  • Proven organizational and timekeeping skills and a strong sense of attention to detail are essential
  • Excellent verbal and written communication skills i.e. a thorough command of the English and Spanish language; including excellent spelling, grammar and punctuation.
  • The ability to deal effectively and courteously with clients and colleagues, and to exercise discretion and confidentiality in all matters.
  • Must be able to work outside of normal office hours including evenings, weekends and public holidays if necessary
  • Please apply to this Junior Reinsurance Analyst Job in Miami, FL today.

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