Reinsurance Analyst

Reinsurance Analyst

Pan-American Life Insurance Group (PALIG)

Department: Reinsurance Administration | Accounting and Finance

Location: New Orleans, LA or Oak Brook, IL | Hybrid Work Opportunities Available

About the Role:

Pan-American Life Insurance Group (PALIG) is seeking a Reinsurance Analyst to join the Reinsurance Administration team. The Reinsurance Analyst has primary responsibility for the administration of the reinsurance area, ensuring an efficient level of administration and Company standards are maintained. The Analyst supports monthly premium billing, reserve reporting, claims administration, treaty maintenance, and reinsurance system integrity while partnering with internal stakeholders and reinsurers to ensure accurate and timely reporting. In addition, the Reinsurance Analyst will:

• Create monthly premium billing and reserve reporting files for reinsurers
• Track and administer reinsured claims, including claim recoveries, documentation, and follow-up activities
• Ensure proper reinsurance reporting, accounting support, audit requests, and regulatory reporting requirements are completed accurately and on time
• Respond to inquiries from reinsurers and internal business partners regarding reinsurance administration and claims activity
• Maintain reinsurance treaties and amendments and support data integrity within reinsurance systems

Ideally, candidates are to be located near either the New Orleans, LA or Oak Brook, IL office location and maintain a hybrid work schedule.

Essential Functions:

Reinsurance Premium Billing & Payment

• Coordinate monthly reporting of reinsurance partners' premium billings and provide payable amounts to appropriate team members for processing
• Analyze monthly and quarterly reinsurance statements to ensure accurate reporting to reinsurers
• Correspond with reinsurers and internal business partners regarding inquiries related to monthly files and reporting
• Prepare and transmit billing and reserve files to reinsurers on a monthly and quarterly basis

Reinsurance Claims

• Maintain accurate pending death claim logs
• Prepare and send claims-related documentation to reinsurers
• Follow up on outstanding claims with reinsurers and internal business partners
• Review claim documentation to verify amounts payable to affiliated companies

System Maintenance & Data Integrity

• Support the upkeep and maintenance of the TAI Reinsurance Administration System    
• Ensure reinsurance data integrity
• Monitor interfaces between TAI and Policy Administration systems through daily and weekly reporting and review
• Coordinate with Underwriting, Policy Issue, Policy Service, and Claims staff regarding the integrity of front-end data input into TAI
• Support TAI treaty setup associated with new product development
• Assist with testing system modifications, upgrades, and enhancements
• Develop ad hoc reports from the TAI database
• Support TAI system testing related to IT updates and server patches

Reporting

• Coordinate with financial reporting staff regarding quarterly reserve reporting to reinsurance partners
• Support quarter-end reserve valuation uploads into TAI and related data extracts
• Coordinate with Accounting regarding monthly reinsurance reporting associated with STAT and GAAP financial statements
• Support annual reporting requirements provided to reinsurers
• Support year-end Blue Book reporting
• Provide support for internal and external audits

Treaty Maintenance

• Coordinate with reinsurers to review treaty agreements and amendments, ensuring administration and quote information are accurate
• Maintain electronic and hard-copy treaty documentation

Education & Experience:

Required:

• Bachelor's degree in accounting, finance, mathematics, business, or a related field
• Four (4) years of relevant professional experience may be substituted in lieu of a bachelor's degree

Preferred:

• Knowledge of the TAI Reinsurance Administration System
• Fellow, Life Management Institute (FLMI) designation
• Associate, Reinsurance Administration (LOMA) designation

Knowledge, Skills & Abilities (KSAs):

• Knowledge of life insurance, reinsurance, and accounting principles
• Proficient with Microsoft Office products, including Excel, Access, Word, and Outlook
• Strong analytical, organizational, and problem-solving skills
• Ability to manage multiple priorities and meet deadlines
• Demonstrated project management skills

What We Offer:

• Competitive compensation package (base salary & bonus)
• Comprehensive benefits, including medical, dental, vision, 401(k), paid time off, and tuition reimbursement
• Medical and dental coverage effective the first of the month following 30 days of service
• Flexible work environment supporting work-life balance through a hybrid work arrangement
• Opportunities for professional growth and career development within a global organization

About Us:

Pan-American Life Insurance Group (PALIG) serves the life, accident, and health insurance needs of individuals and businesses across 49 U.S. states, the District of Columbia, Puerto Rico, and the U.S. Virgin Islands through its U.S.-based member companies, Pan-American Life Insurance Company and Pan-American Assurance Company.

At PALIG, our employees are our greatest asset. We value collaboration, trust, innovation, and the confidence of our policyholders. Our long-standing commitment to excellence continues to drive our success.

Pan-American Life is an Equal Opportunity Employer and a Drug-Free Workplace.