Reinsurance Analyst

You have a clear vision of where your career can go. And we have the leadership to help you get there. At CNA, we strive to create a culture in which people know they matter and are part of something important, ensuring the abilities of all employees are used to their fullest potential.
CNA seeks to offer a comprehensive and competitive benefits package to our employees that helps them - and their family members - achieve their physical, financial, emotional and social wellbeing goals.
For a detailed look at CNA's benefits, check out our Candidate's Guide .
Due to an internal promotion, we are seeking a Reinsurance Analyst to join our Corporate Reinsurance organization on the Treaty team that handles treaty premium and claims administration.
Under broad supervision, in this entry level role you will analyze, reconcile, pay premium and compile bordereaux under a variety of reinsurance treaties that relate to various underlying books of insurance policies. These treaties pull data from several underwriting and accounting systems, for which the candidate needs solid data management, Microsoft Excel, financial reconciliation, and/or accounting skills. You will also reconcile and process reinsurance premium.
In this position, you will enjoy a hybrid work schedule that consists of two days per week in our Chicago office, with the option to work the remainder of your week remotely.
JOB DESCRIPTION:
Essential Duties & Responsibilities
Performs a combination of duties in accordance with departmental guidelines:

• Works on ceded reinsurance premiums under treaties for payment of outstanding ceded payables due reinsurer markets.
• Researches, interprets and analyzes specific facts and applies insurance and reinsurance concepts to understand coverage and liability issues.
• Assists with the recovery of the balances of reinsurance treaty accounts by communicating with reinsurer/brokers for payment.
• Assists with monitoring errors and aging of outstanding reinsurance balances. Recommends corrective action with internal business partners to resolve anomalies.
• Supports treaty team with clearing sub-ledger payable and receivable balances.
• Contributes to making recommendations for process improvements on reinsurance treaty accounts.
• Completes quarterly SOX requirements on all treaty program process flows.
• Assists with claim audit preparation as required by internal audit guidelines.
• Monitors activity in multiple reinsurance e-mail boxes to ensure prompt response times to internal and external partners.
• Analyzes data, prepares, and presents reports to management.

May perform additional duties as assigned.
Reporting Relationship
Manager or above
Skills, Knowledge & Abilities

• Knowledge of insurance/reinsurance accounting principles, practices and procedures.
• Good interpersonal and communication skills. Ability to effectively interact with all levels of CNA's internal and external business partners.
• Ability to work independently.
• Good analytical and problem solving skills.
• Ability to exercise independent judgement and effectively resolve reinsurance issues.
• Knowledge of Microsoft Office Suite as well as other business-related software.

Education & Experience

• Bachelor's degree in Accounting, Finance, Mathematics, Analytics, Business or related field.
• Typically up to two years of related work experience. Accounting, insurance &/or reinsurance experience a plus, but not required.
• Solid experience with Microsoft excel.

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CNA is committed to providing reasonable accommodations to qualified individuals with disabilities in the recruitment process. To request an accommodation, please contact [email protected] .