Reinsurance Specialist jobs in Rhode Island
Reinsurance Specialist performs routine reinsurance administrative duties, such as maintaining records, processing and verifying new business. Organizes the preparation of monthly and annual reports and ensures reinsurance information has been recorded accurately. Being a Reinsurance Specialist performs reconciliation of premium billing statements and DAC tax calculations and maintenance of various reinsurance operations. Researches and resolves the more complex cases and provides guidance to others. Additionally, Reinsurance Specialist may review work performed by others and train new staff. Works towards industry designations (e.g., FLMI, ARA, ACS, etc.). Requires a bachelor's degree. Typically reports to a manager or head of a unit/department. The Reinsurance Specialist gains exposure to some of the complex tasks within the job function. Occasionally directed in several aspects of the work. To be a Reinsurance Specialist typically requires 2 to 4 years of related experience. (Copyright 2024 Salary.com)
Recently Added Reinsurance Specialist jobs
- Factory Mutual Insurance Company
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Johnston, RI
FULL_TIME
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Overview
FM Global is a leading property insurer of the world's largest businesses, providing more than one-third of FORTUNE 1000-size companies with engineering-based risk management and property insurance solutions. FM Global helps clients maintain continuity in their business operations by drawing upon state-of-the-art loss-prevention engineering and research; risk management skills and support services; tailored risk transfer capabilities; and superior financial strength. To do so, we rely on a dynamic, culturally diverse group of employees, working in over 100 countries, in many challenging roles.
Responsibilities
Candidate will support the development of the organization’s optimal reinsurance solutions as we evolve and embark on new strategic underwriting growth initiatives and opportunities. This will require the consideration of both traditional and alternative reinsurance structures, traditional and alternative reinsurers like insurance-lined securities, investors, and our own capital/surplus when recommending the optimal solution.
Qualifications
- Financial background capable of preparing budget projections for all ceded re costs each year and managing collateralization requirements, including commutation, rollover and strategic deployment of capital.
- Excel-based modeling for strategic uses of capital
- Firm understanding of FM Global’s business model and line underwriting.
- Proficient in reinsurance products, with an understanding of market trends and practices that could help optimize the organizations reinsurance strategy
- Lead the development of new reinsurance products and the day-to-day maintenance of those created reinsurance products.
- Experience in developing and reviewing contractual language, terms and conditions of reinsurance contracts
- Participate in underwriting audits performed in Operations offices, as well conduct periodic audits of specific reinsurance areas of the Company's book
- Represent Natural Hazards UW, where a light touch/assistance is necessary
- Minimum Education: 4 year college degree/bachelors
- Preferred Education: MBA/graduate degree
- Experience: 10 years in insurance/reinsurance whether from a financial or underwriting discipline
- 1 Month Ago
The hiring range for this position dependent on final grade and title is $126,800 to $182,300 USD. The final salary offer will vary based on geographic location, individual education, skills, and experience. The position is eligible to participate in FM Global’s comprehensive Total Rewards program that includes an incentive plan, generous health and well-being programs, a 401(k) and pension plan, career development opportunities, tuition reimbursement, flexible work, time off allowances and much more.
FM Global is an Equal Opportunity Employer and is committed to attracting, developing, and retaining a diverse workforce.
- RIHI The Kitchen and Bath Specialist
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Warwick, RI
FULL_TIME
- In-Home sales: Kitchen DesignerRIHI is a full-service Kitchen and Bath Remodeling company specializing in residential remodeling. We have been family-owned and operated for 75 years. Our mantra is to ...
- 9 Days Ago
- Encompass Health Rehabilitation Hospital of...
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Johnston, RI
FULL_TIME
- AP Specialist/Payroll Specialist $21. 00 - $27. 00 / Hourly Compensation will be determined based on years of experience and applicable certifications. Payroll Specialist Career Opportunity Appreciate...
- 14 Days Ago
- Encompass Health
-
, RI
FULL_TIME
- $21.00 - $27.00 / HourlyCompensation will be determined based on years of experience and applicable certifications.Payroll Specialist Career OpportunityAppreciated for your payroll expertiseAre you pa...
- 14 Days Ago
- Girl Scouts of Southeastern New England
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Newport, RI
FULL_TIME
- Job Summary: To assist in the operation and facilitation of the Girl Scout expedition programs at Camp Rocky Farm. To provide for the health and safety of the campers - always act within the framework...
- 10 Days Ago
- Perspectives Corporation
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North, RI
FULL_TIME,PART_TIME
- The Vocational Specialist assists participants with choosing, preparing for, obtaining and maintaining employment. More specifically, the Vocational Specialist works directly with participants to disc...
- 10 Days Ago
Reinsurance Specialist jobs at Popular Companies