Sun Life · 1 day ago
Reinsurance Operations Analyst
Sun Life is one of the largest providers of employee and government benefits in the U.S. The Reinsurance Operations Analyst will support the excess reinsurance treaties and assist with reporting responsibilities to ensure timely and accurate reporting of values in accordance with governing treaties.
FinanceFinancial ServicesInsurance
Responsibilities
Preparing and processing accrual reporting requirements for submission to Finance on a monthly basis. Monthly files are due by the third business day of each month
Preparing monthly results reporting for submission to Finance during the month-end close cycle
Receive data files from Finance, premiums and claims systems to prepare and submit settlement report to reinsurers. Perform reasonableness checks on period-to-period movement. Identify and document reasons for larger fluctuations
Ensure premium and claim amounts are accurate and reasonable month to month and quarter to quarter
Coordinate and ensure payments to and collections from Reinsurers are made in a timely manner in accordance to the treaties
Reinsurance Operations backup liaison between Reinsurers and Sun Life. Track, research and resolve inquiries made by Reinsurers. As needed, work with members of Group Valuation, Group Systems, Reinsurance Operations Management and Finance to resolve the issues
Work with Reinsurance Operations Management and other departments as necessary to implement solutions if repeat issues are identified
Resolve and respond to inquiries made by Finance. As in the case of inquiries made by external Reinsurers, work with Reinsurance Operations Management and other departments as necessary to implement solutions
Participate in the implementation of new reinsurance treaties and treaty amendments as needed
Participate in periodic Reinsurance Administration audits, exams and walkthroughs
Assist with special projects as time permits
Support work requests for bug fixes and systems enhancements
Qualification
Required
Must understand what reinsurance is and how group ceded reinsurance works (including an understanding of coinsurance and YRT reinsurance)
Must comprehend reinsurance treaties and the requirements described within those of both the reinsurers and the ceding company
Strong written communication skills required. Ability to communicate in a clear and concise manner
A working knowledge of Group (Life, Health) and Stop Loss products
Moderate to advanced Excel and Access skills, including Visual Basic and the ability to troubleshoot database issues
Basic skills in accounting and ledger entries
Well organized with a strong attention to detail, but also able to see the 'bigger picture'
Demonstrated ability to develop, maintain and enhance process documentation
Three to five years of experience in Financial Operations, preferably in Reinsurance Administration or Accounting role(s)
Bachelor's Degree in Finance, Accounting or Business Administration
Preferred
Python, Tableau or Dataiku a plus
Benefits
Generous vacation and sick time
Market-leading paid family, parental and adoption leave
Medical coverage
Company paid life and AD&D insurance
Disability programs
Partially paid sabbatical program
401(k) employer match
Stock purchase options
Employer-funded retirement account
Company
Sun Life
Sun Life is a leading financial services organization dedicated to helping people achieve lifetime financial security and live healthier lives.
H1B Sponsorship
Sun Life has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (22)
2024 (27)
2023 (18)
2022 (18)
2021 (12)
2020 (13)
Funding
Current Stage
Public CompanyTotal Funding
$1.05B2024-05-13Post Ipo Debt· $548.79M
2023-07-04Post Ipo Debt· $500M
2000-03-24IPO
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2025-11-27
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