Westfield

Compensation

Full Description

The Reinsurance Senior Analyst, working under limited supervision, is responsible for collecting, preparing, and analyzing complex data to support reinsurance operations and strategy. This role supports reinsurance placements, contract administration, financial reporting, and recoveries, and provides analytical recommendations to the Reinsurance Manager to help meet business objectives. The position partners closely with underwriting, accounting, and external reinsurers to ensure accurate execution and reporting of reinsurance programs. Job Responsibilities Collects, analyzes, and maintains reinsurance renewal submission data, schedules, and supporting documentation. Reviews reinsurance contracts and supports analysis related to treaty and facultative placements. Makes recommendations to improve the quality, accuracy, and availability of reinsurance‑related data. Monitors, reviews, and analyzes large losses to assess reinsurance impact and ensure compliance with contractual reporting requirements. Monitors the rendering of reinsurance premium and loss accounts, commissions, collections, and collateral; prepares and processes reinsurance billing statements. Coordinates with reinsurers and internal accounting teams to resolve billing, settlement, and transactional issues. Responds to inquiries from internal stakeholders regarding reinsurance contracts, facultative placements, premium and claim activity, and reinsurance procedures. Provides reinsurance training and guidance to underwriting staff and new hires as needed. Prepares the annual reinsurance budget, periodic variance analyses, and management reports related to reinsurance performance. Supports reporting requests for senior management, governmental agencies, and rating agencies related to reinsurance programs. Monitors compliance with reinsurance guidelines and procedures across departments and takes action to resolve issues. Creates and validates insured and reinsurance calculations, including multi‑currency calculations, for payments and reserves from recurring data feeds. Identifies opportunities for process improvements; solves problems and removes barriers to ensure accuracy and timeliness of reinsurance work products. Job Qualifications 3+ years of experience in Reinsurance or a related field. Bachelor's degree in Business, Accounting, Economics, or a related field and/or commensurate experience. Behavioral Competencies Collaborates Customer focus Communicates effectively Decision quality Nimble learning Technical Skills Risk Assessment Financial Analysis Risk Management Analytical Skills Insurance Policies Reinsurance Accounting Accounting & Reconciliation Reinsurance Strategy Data Analysis and Reporting Insurance Industry Knowledge This job description describes the general nature and level of work performed in this role. It is not intended to be an exhaustive list of all duties, skills, responsibilities, knowledge, etc. These may be subject to change and additional functions may be assigned as needed by management.