High Level, Manager of Reinsurance
- Assistant Vice President

Job Description

Reinsurance purchasing:

• Assist reinsurance purchasers in
  reinsurance purchasing process as required.

  
  

• Maintain reinsurance contract
  documentation. Ensure all documentation is complete.

  
  

• Oversee entry contracts in
  underwriting systems.

  
  

• Authorize contracts once required
  testing is complete.

  
  

Reporting to reinsurers:

• Proportional Reinsurance –
  Prepare, issue and pay/collect all insurance company cessions on
  proportional contracts, including preparing, issuing and collecting
  cash calls. Calculate, bill and collect profit commissions in
  accordance with contract terms.

  
  

• Excess of Loss contracts – Book
  and pay deposits and prepare and pay premium true ups in accordance
  with contract terms. Calculate, post, bill and collect excess of
  loss recoveries, except for specialty excess of loss treaties. Also
  calculate, bill and collect losses for shared excess of loss
  treaties.

  
  

• Manage facultative premiums
  payment and loss billing and collection process

  
  

• Resolve problems with reinsurers,
  intermediaries and markets.

  
  

• Manage commutations and
  insolvencies of reinsurers.

  
  

Financial reporting:

• Prepare and approve reinsurance
  entries as defined in reinsurance quarterly close schedule.

  
  

• Responsible for quarterly Schedule
  F.
  

  
  

• Manage acquisition and maintenance
  of Letters of Credit.

  
  

• Evaluate credit worthiness of
  reinsurers quarterly.

  
  

• Manage and report on collection
  status.
  

  
  

• Complete other assigned analyses
  for external and internal reporting.

  
  

• Manage balancing and control
  process over insurance company reinsurance receivables and payables.
  
  

If qualified, e-mail resume to douglas@alexanderbec.com