AVP Operations

Location: New York, NY

Salary: Commensurate with experience

My client is one of the largest insurance companies in the world. Located in Midtown Manhattan, they are looking to bring on an AVP to build out their Faculative Reinsurance Operations team. They will work closely with Underwriting, Insurance Operations, Claims, Ceded Reinsurance, Finance and IT. This position will pay very well (big base + bonus) and offers the ability build out a team from scratch.

Responsibilities

  • Oversight of calculation, booking, billing, payment and claims recoverable collection of all facultative ceded business
  • Ensure accuracy and quickly resolve differences between broker/reinsurer statements, manual calculations and system generated results
  • Review facultative calculations, entries, billings, receipts and disbursements
  • Review Ceded contract placements and monitor set-up of the ceded contract information in the sub-ledger systems including SAP FS-RI, ProCede and Genius
  • Interpret contract wording and ensure proper handling of policies subject to the structure of the reinsurance program
  • Ensure cross functional understanding of ceding hierarchy based upon contract interpretation including the program structure, layering and inuring programs
  • Use and understand reinsurance systems and sub-ledgers including SAP FS-RI / SAP FS-CD and ProCede

Requirements

  • 10+ Years Ops Experience from a Reinsurance Company

 

#6972