Sr. Administration Analyst - Annuity Risk Management

Full job description

Position Overview

Under limited supervision, execute the administration process to load client data, run data quality rules, and reconcile the settlement/accounting summaries to ensure that GFS Asset Intensive, US Longevity and US PRT business is administered appropriately and accurately in line with treaty specification. Provides key administration support, for GFS reinsurance and direct transactions to RGA corporate Finance, ceding companies.

This role is open to remote candidates.

Responsibilities

• Review original ceding company accounting settlements for highly sophisticated, individually tailored reinsurance agreements for compliance with treaty terms.
• Ensure accurate and timely treaty reporting and settlement including all related agreements. Work with client to resolve differences.
• Review client reporting and make recommendations for enhanced data reporting to support , calculation of seriatim benefits, administering settlements, and summarizing monthly transaction history for downstream stakeholders in Risk Management, Valuation, and Finance
• Monitor cash settlement process including timeliness of receipt per treaty terms, tracking of data, and settlement processing
• Maintain excellent on-going client relationships. Assist client with implementing and understanding treaty provisions as needed.
• Support review and update to SOX process documents and provide audit support for SOX audits as needed
• Work with RGA Finance and Valuation to resolve any general ledger P&L and balance sheet variances
• Participate in special projects, committees as needed.
• Maintains regular and predictable attendance
• Performs other duties as assigned.

Requirements

• Bachelor’s Degree or equivalent related work experience
• 5-8 years of insurance, accounting, risk management, or audit related experience
• Basic Word, strong Excel, and basic SQL/Query skills
• Advanced oral and written communication and organization skills
• Must be flexible and adaptive to change
• Takes initiative and is accountable
• Ability to handle multiple tasks and projects simultaneously, balancing priorities and deliverables.
• Complex investigative, analytical and problem solving skills
• Ability to share and impart knowledge
• Ability to balance detail with departmental goals/objectives
• Advanced knowledge of accounting/finance and general ledger applications
• Ability to liaise with individuals across a wide variety of operational, functional, and technical disciplines.
• Ability to work well with all levels of management
• Ability to work independently
• Ability to work well within a team environment and participate in department projects.

Preferred:

• Master’s Degree
• Progress towards FLMI
• Insurance/Reinsurance financial reporting experience

Company Overview

Reinsurance Group of America, Incorporated (NYSE: RGA) is one of the largest global life and health reinsurance companies. With headquarters in St. Louis, Missouri, RGA supports clients and partners around the world through innovative approaches and customized solutions.

Founded in 1973, RGA celebrated its 50th anniversary in 2023.

• We are the only global reinsurance company to focus primarily on life- and health-related reinsurance solutions.
• Our core products and services include life reinsurance, living benefits reinsurance, group reinsurance, health reinsurance, financial solutions, facultative underwriting, and product development.
• RGA ranks #257 on the 2024 Fortune 500 list. The list ranks U.S.-based companies by total revenue.
• RGA has been named to Fortune magazine’s 2023 and 2024 lists of the World’s Most Admired Companies.
• RGA in Canada has been selected as one of Greater Toronto's Top Employers for 2024
• RGA has approximately $3.5 trillion of life reinsurance in force and assets of $87.4 billion as of September 30, 2023.

RGA aims to evolve RGA workplaces and the communities in which RGA has a presence, into more diverse, equitable and inclusive environments. We will create a culture where individuals are valued, feel a sense of belonging, and are respected for their differences – a workplace where all employees are encouraged and supported to reach their full potential.

Our individual, social, economic, and cultural identities shape and influence our experiences and perspectives. Therefore, to do our best work RGA will ensure diversity in our workforce across the various dimensions of social, interpersonal, and cultural identity - and by practicing inclusivity in how we work with one another. Inclusion in our workplace is a step towards our purpose of making financial protection accessible to all.

Flexible Working Environment

RGA supports hybrid and flexible ways of working and would welcome a discussion on how it can balance what is important to you with business requirements during the recruitment process.

Visit our Annual Review site, https://rgaannualreview.com, to find out more about us.

RGA offers an array of benefits, including flexible plans.

Pay is based on a number of factors, including market, a candidate’s skills, and experience commensurate with a role, etc. salary range: $74,150 - $105,295 + bonus

Job Reference: US09247

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