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USAA · 14 hours ago

Reinsurance Analyst II

San Antonio Home Office I

Full-time

Onsite

Entry, Mid Level

$62K/yr - $112K/yr

2+ years exp

USAA is a financial services company dedicated to empowering the military community and their families. They are seeking a Reinsurance Analyst II to support reinsurance processes, manage reinsurance risk, ensure regulatory compliance, and collaborate with business partners. The role involves participating in special projects and contributing to a strong risk management framework.

BankingFinancial ServicesInsuranceVenture Capital

No H1B

Responsibilities

Utilize routine processes and procedures to administer reinsurance, process routine claims, validate data, files, systems, identify discrepancies, and related audit support

Support the development and maintenance of processes, procedures and tools

Resolve moderately complex issues and identifies appropriate issues for escalation

Participate on special projects related to reinsurance administration systems, legal contracts/treaties, new product launches and other initiatives

Under minimal guidance, prepare reinsurance financial, management and regulatory reports

Interpret treaty details (premium calculation), final bid documents and applies maturing knowledge of Letter of Agreement (LOAs) or treaty drafts and validation of system rules

Administer retention to ensure compliance with company limits and reinsurance treaty specifications

Develop an understanding of regulations impacting the reinsurance process to ensure compliance with government regulations

Develop relationships with business partners (internal and external)

Acquire and apply maturing knowledge of the business to resolve issues and provide informed, proactive reporting and analysis to enable effective decision making

Gather, research, and coordinate responses to audit requests in a timely manner, for internal and external audit, and reinsurance business partners

Partner with more experienced team members to complete reinsurer and compliance audit requests

Perform intermediate level accounting activities, reinsurance accounting transactions, analysis, reconciliations and research and understands key implications

Perform intermediate level reinsurance transactions, analysis, reconciliations and research with developing knowledge of GAAP/ STAT accounting and other regulatory requirements

Identify appropriate issues for escalation

Identify opportunities for process improvements that further departmental goals and objectives

Ensure risks associated with business activities are effectively identified, measured, monitored, and controlled in accordance with risk and compliance policies and procedures

Qualification

Reinsurance administrationFinancial reportingRisk managementLife insurance productsProject managementAnalytical skillsTime managementCommunication skills