Job Information
AIG VALIDUS RE - Senior Reinsurance Analyst (Proportional) in United States
Who We Are
American International Group, Inc. (AIG) is a leading global insurance organization. Building on 100 years of experience, today AIG member companies provide a wide range of property casualty insurance, life insurance, retirement solutions, and other financial services to customers in more than 80 countries and jurisdictions. These diverse offerings include products and services that help businesses and individuals protect their assets, manage risks and provide for retirement security.
Get to know the business
Validus Re is among the world’s largest and most successful reinsurers specializing in the assumption and management of volatility risk. Validus Re operates from seven offices internationally and provides a broad suite of reinsurance products and services, backed by highly rated capital and specialized local knowledge, in virtually every corner of the world.
POSITION SUMMARY
The Senior 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.
KEY RESPONSIBILITES:
Timely processing of pro-rata accounts and bordereaux in our policy management system.
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.
Verification of pertinent financial information that has been entered into our policy management system.
Verification of the calculation of loss sensitive payments (i.e. Profit Commissions/Sliding Scale Commission)
Completing the quarterly Estimated Premium Income 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.
Monitoring the pro-rata receivables balances and the following up with brokers/clients on the overdue balances.
Completing pro-rata account payments for balances due to the brokers/clients.
Other duties as required.
REQUIRED SKILLS AND EXPERIENCE:
At least two years prior experience in the insurance or reinsurance industries preferred.
Bachelor’s 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.
Proficiency in Microsoft Office Suite of applications.
Proven problem solving ability, demonstrated efficient use of other resources and ability to self-manage and not required constant supervision or feedback to complete tasks.
Proven organizational and timekeeping skills and a strong sense of attention to detail are essential.
Must be flexible and able to prioritize and often reprioritize in line with deadlines/targets.
Excellent verbal and written communication skills i.e. a thorough command of the English 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.
#LI-PA1 #LI-Hybrid
We are an Equal Opportunity Employer
American International Group, Inc., its subsidiaries and affiliates are committed to be an Equal Opportunity Employer and its policies and procedures reflect this commitment. We provide equal opportunity to all qualified individuals regardless of race, color, religion, age, gender, gender expression, national origin, veteran status, disability or any other legally protected categories such as sexual orientation. At AIG, we believe that diversity and inclusion are critical to our future and our mission – creating a foundation for a creative workplace that leads to innovation, growth, and profitability. Through a wide variety of programs and initiatives, we invest in each employee, seeking to ensure that our people are not only respected as individuals, but also truly valued for their unique perspectives.
To learn more please visit: https://www.aig.com/about-us/diversity-equity-and-inclusion
AIG is committed to working with and providing reasonable accommodations to job applicants and employees with physical or mental disabilities. If you believe you need a reasonable accommodation in order to search for a job opening or to complete any part of the application or hiring process, please send an email to candidatecare@aig.com . Reasonable accommodations will be determined on a case-by-case basis.
Functional Area:
RE - Reinsurance
Estimated Travel Percentage (%): No Travel
Relocation Provided: No
Validus Services (Bermuda), Ltd. (IP2)
As a leader in commercial and personal insurance solutions, we are one of the world’s most far-reaching property casualty networks, offering a broad range of products, including Liability, Financial Lines, Property, Global Specialty, Crop Risk Services, Personal Lines and Accident and Health.
But as a leader, it is also important to us to help the world overcome some of the biggest challenges it has ever faced. From tackling climate change to creating more diverse, inclusive workforces, we are proud to not just be part of the solution, but to be a global leader for positive change in the communities that we serve.
We’re also committed to doing the right thing for our people and the communities where we work and live. It’s why we seek to offer what matters to our ever-diversifying team - like flexible and creative work environments, professional growth opportunities and forums to advocate for one another and incite change. We encourage employees to give back to the causes they care most about, supporting these efforts through our Volunteer Time Off and Matching Grants Programs.
Join our Talent Network (http://www.aig.com/careers/life-at-aig/join-the-talent-network) . Additional information about AIG can be found at www.aig.com | YouTube (http://www.youtube.com/aig) | Twitter (https://twitter.com/AIGinsurance) | LinkedIn (http://www.linkedin.com/company/aig) . These references with additional information about AIG have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release.