Reinsurance Clerk performs routine reinsurance clerical duties, such as maintaining records, processing, and verifying new business. Performs basic accounting activities such as calculations and preparation of billing statements and financial reports. Being a Reinsurance Clerk verifies the policies of reinsurance clients and reviews company records to determine correct coverage. May coordinate the exchange of underwriting information between the reinsurance market and the underwriting staff. Additionally, Reinsurance Clerk may process monthly premium billing statements and other reports. Requires a high school diploma or its equivalent. Typically reports to a supervisor or manager. The Reinsurance Clerk possesses a moderate understanding of general aspects of the job. Works under the close direction of senior personnel in the functional area. May require 0-1 year of general work experience. (Copyright 2024 Salary.com)
At Legal & General America, we aim to make a positive difference in the lives of our customers, partners, colleagues, and the communities in which they live. As a recognized market leader of term life insurance, we’re working to transform our business through innovation and technology to provide products and solutions that help American families secure their financial futures.
We are a future-focused company, passionate about what we do and how we do it. This means working with pace and energy to reach our goals and challenging ourselves to achieve more. We strive to create a unique environment where balance between work and life is possible. Our employees' passion, dedication and hard work, as well as our career development opportunities, benefits, and employee activities contribute to our positive workplace culture.
The Reinsurance Analyst is responsible for the administration and placement of reinsurance for Banner Life and William Penn as outlined below.
Monthly Processing & Analysis
Quarterly/Annual Processing & Analysis
Reinsurance Development & Set Up
Treaty/Amendment Execution
External Audit Support
Retention Management
In-Force Management & Conversions
Other duties/projects as assigned
Education
BS/BA in mathematics, finance or economics
Experience/Knowledge
2 years of accounting experience
2 years of life insurance preferred
Skills
Knowledge of spreadsheet software, specifically access and excel
Ability to reconcile accounts and data analysis
Interface with reinsurers on administrative issues via phone, email and in person
Research and investigation
Building complex reports with trend analysis investigation and description
What’s in it for you?
The expected hiring compensation range for this position is $65,000 - $89,375 annually. This position currently requires onsite reporting for up to three days per work week with flexibility of work from home days the remaining two.
The total compensation package for this position may include other elements, such as a sign-on bonus, long term incentives, and annual bonuses. This role is eligible to participate in the Legal & General America Annual Incentive Plan. The current target payment for the position is 8% of base salary, modified for corporate and individual performance. Bonuses are pro-rated based on start date. This role has 15 vacation days and 10 sick days that are accrued on a bi-weekly basis. Employees also have 9 paid holidays throughout the calendar year.
We have a competitive compensation and benefits package focused on your overall wellbeing. Employee benefits include health, life, and dental insurance; 401K with company match up to 6% as well as a pension package; generous time off; and wellbeing initiatives throughout the year (we like doing fun stuff). We’re big on professional development and we’ll support and mentor you in your career progression and expect you to help us pay it forward by helping us develop tomorrow's leaders and growth-focused professionals. We value our teams and our communities and believe in giving back. Enjoy time off to volunteer for those causes that matter most to you!
If hired, employee will be in an “at-will position” and the Company reserves the right to modify base salary (as well as any other discretionary payment or compensation program) at any time, including for reasons related to individual performance, Company or individual department/team performance, and market factors. The Company reserves the right to change benefits plans at any time.
We are an equal opportunity employer and value diversity at our company. We do not discriminate based on race, religion, color, national origin, sex, gender, gender expression, sexual orientation, age, marital status, veteran status, or disability status. We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, perform essential job functions, and receive other benefits and privileges of employment. Please contact us to request accommodation.