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Junior Reinsurance Technical Analyst (Acrisure Re)

Company: Acrisure
Location: Burlington
Posted on: January 16, 2022

Job Description:

Junior Reinsurance Technical Analyst

Acrisure Re is a global reinsurance broker with a reputation for placing reinsurance programs covering complex and technical books of business, at the best available market terms. We are an integrated team of insurance and reinsurance specialists who bring together vast experience and expertise gained from working in markets and sectors across the world. By fostering a team mentality, both internally and with our clients, we develop a thorough understanding of our clients' situations and markets, creating unique opportunities for innovative and ingenious solutions that add value and get positive results.

Position Summary

Acrisure Re is looking for a full-time, permanent Junior Reinsurance Technical Analyst to be trained to support Acrisure Re's global branches in post placement activities on insurance and reinsurance accounts in multiple classes of business. The position includes analysis of contracts for system entry, detailed analysis of reporting, and invoicing, in addition to handling premium and quota share claims matters. This is an entry level position with great opportunity for advancement. Full training will be given.

Essential Duties And Responsibilities

After training the Reinsurance Technical Analyst will have the following duties and responsibilities:

  • Oversight of preparation of insurance and reinsurance submissions for new and renewal accounts
  • Assist with negotiation during the quotations process and placement process of both reinsurance and program placements.
  • Liaise between Insurers and Reinsurers to handle day to day issues, with responsibility for all aspects of service and support clients.
  • Maintain records of outstanding issues, monitor progress and ensure deadlines are being met.
  • Represent Acrisure Re at client meetings, presentations, audits with Reinsurers, and other events as appropriate
  • Work with contracts department to prepare treaty contracts and program agreements.
  • Maintain ongoing relationship with clients and reinsurance and insurance markets
  • Work with internal Claims, Operations and Finance departments to ensure administration of accounts is going smoothly and help resolve issues that require broker assistance.
  • Coordinate analyses of client portfolios with the analytics team to determine appropriate reinsurance/insurance needs.
  • Assist in the training and development of graduate broker trainees.
    The position will be based out of our Burlington, North Carolina office.

    This description is not meant to be all-inclusive and may be modified from time to time at the discretion of management.

    Competencies

    To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

    Other Qualifications
    • College or University degree preferred
    • Strong communication (written and verbal), analytical, diplomacy and negotiation skills with professionals within and outside the industry.
    • Excellent computer and technical skills. Working knowledge of Microsoft Office Suite (Word, Outlook, PowerPoint and Excel) with advanced Excel mastery particularly in the areas of formula and database structuring.
    • Working knowledge of intermediate to advanced statistical analysis.
    • Ability to identify, recognize and escalate critical issues for resolution.
    • A general willingness to be flexible in work habits and assigned tasks. Adaptable and comfortable in less than fully structured environment
    • Demonstrate a positive and enthusiastic attitude at all times
    • Focused and detail oriented.
    • Highly organized and have excellent prioritization skills.
    • Work well under stressful conditions, sometimes within tight timelines, to keep self and others focused, objective and effective in the face of pressure.
    • Be a team player and consistently keep relevant staff informed and updated.
    • Employ problem solving and decision-making abilities to resolve challenges quickly and creatively through appropriate courses of action.
    • Results oriented: Concentrate on activities necessary to achieve departmental and company's goals.
    • Customer Centered: Strive to attain a continual standard of 100% internal and external customer satisfaction in all areas.
      Physical Demands: The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
      • Moderate stress due to regular deadlines and daily challenges.
      • High finger dexterity while typing documents and forms
        Work Environment: The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job, and reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
        • Work is done in a temperature-controlled, open plan, non-smoking office.
        • The noise level in the work environment is usually moderate.
          Together with our Agency Partners, Acrisure is reshaping the insurance industry. Be a part of that evolution and join the Acrisure community, either as part of our Home Office support teams or within one of our Agency Partners. Visit our website to see available job openings in insurance, accounting, account management, and more.

Keywords: Acrisure, Burlington , Junior Reinsurance Technical Analyst (Acrisure Re), IT / Software / Systems , Burlington, North Carolina

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