Responsibilities
- SOX CONTROLS (quarterly):
o Prepare report for the contract management control – get evidence.
o Prepare report for the reinsurance credit rating – get evidence.
o Prepare report for the reinsurance contract main terms control – get evidence.
o Liaise with actuaries about Risk Transfer report needed for the control.
o Improve controls for efficiency and work on new controls as needed (example: assist by reviewing information given by Reinsurance Ops when new Reinsurance platform is live).
- ASSIST IN THE REINSURANCE TREATY PLACEMENT
o Request information from other teams to prepare the submission to markets – review the final submission pack;
o Prepare resumes and schematics (other reports like sliding scale that are currently in excel file which hopefully are going to be in the new reinsurance platform).
o Support to prepare TO BOOK email for finance/ RI ops (when new reinsurance app is working support by adding info into the platform)
- CONTRACT MANAGEMENT
o Maintain accurate records of reinsurance contracts, endorsements, and correspondence (save in folders).
o Work with the team that is implementing ironclad (contract management tool).
o When IronClad is up and running 100%: start the signature process of all documents.
- Assist in preparation of reinsurance data for internal and external audits.
- FACULTATIVE PLACEMENT:
o Liaise with UWs/MRDs to ensure Accelerant policy and procedures are being followed.
o Review documents (contract/endorsements) and share it with legal.
o Once placement is done share with reinsurance ops.
Skills and Experience
- Bachelor’s degree.
- Minimum of 3 years of experience in Ceded Reinsurance / Insurance.
- Proficiency in MS office skills (excel, word and PowerPoint).
- Understanding of reinsurance structures (e.g., proportional, non-proportional, facultative), and ceded reinsurance processes.
- Strong analytical skills and attention to detail.
- Ability to work independently and within a virtual team in a fast-paced environment.
- Excellent verbal and written communication, collaboration both in person and virtual.
- Strong organizational skills with the ability to prioritize multiple tasks.
About Accelerant
Accelerant is a data-driven risk exchange connecting underwriters of specialty insurance risk with risk capital providers. Accelerant was founded in 2018 by a group of longtime insurance industry executives and technology experts who shared a vision of rebuilding the way risk is exchanged – so that it works better, for everyone. The Accelerant risk exchange does business across more than 20 different countries and 250 specialty products, and we are proud that our insurers have been awarded an AM Best A- (Excellent) rating. For more information, please visit www.accelerant.ai.