Business Analyst

Sotalent; United States; Hybrid; USD 94,000 - 179,000; Full time

Benefits offered by this job

Medical insurance

401(k) retirement plan

Paid holidays & PTO

Volunteer hours

Job summary

Sotalent is seeking an experienced reinsurance professional to support administration, financial oversight, and operational management of life and annuity reinsurance arrangements. The role crosses actuarial, accounting, compliance, and operations to ensure accurate processing and regulatory adherence.

Responsibilities include overseeing complex reinsurance activity, data reconciliation, and contract interpretation, while contributing to a new platform implementation planned for 2026.

Qualifications

• Bachelor's degree or equivalent education plus four years of related experience.
• Six or more years in analytical or specialist operational positions.
• At least five years administering life or annuity reinsurance arrangements.
• Proficiency in coinsurance and YRT treaty structures.
• Three+ years using Excel for data analysis and financial reporting.

Responsibilities

• Oversee complex reinsurance activities ensuring contractual obligations and internal requirements are met.
• Review treaty documentation, validate data, and investigate inconsistencies across records and applications.
• Interpret life and annuity reinsurance agreements and translate provisions into operational requirements.
• Prepare and review treaty documents, commercial proposals, and letters of agreement under supervision.
• Monitor retention levels to ensure compliance with limits and treaty conditions.

Skills

Reinsurance knowledge

Financial analysis

Regulatory awareness

Data analysis

Communication

Education

Bachelor's degree or equivalent experience

4+ years related education/experience

Tools

Excel

SQL

Oracle

Visual Basic

TAI.Net queries

XML

Job description

We are looking for an experienced reinsurance professional to support the administration, financial oversight, and operational management of life and annuity reinsurance arrangements. This role is suited to someone with strong technical knowledge of reinsurance contracts, financial reconciliations, regulatory requirements, and insurance administration processes.

Working across actuarial, accounting, compliance, and operational teams, the successful candidate will help ensure that reinsurance agreements are implemented correctly, transactions are processed accurately, and financial and regulatory obligations are met. The position also involves investigating complex discrepancies, supporting audits, strengthening internal controls, and identifying opportunities to improve existing systems and workflows.

The role offers opportunities to lead specialist projects, provide technical guidance to colleagues, and contribute to the implementation of an upgraded reinsurance administration platform planned for 2026.

Key Areas of Responsibility

Reinsurance Administration and Contract Management

• Oversee complex reinsurance activities, ensuring that transactions and administrative processes comply with contractual obligations and internal requirements.
• Review treaty documentation, validate operational data, and investigate inconsistencies across records, applications, and supporting files.
• Interpret life and annuity reinsurance agreements and translate contractual provisions into practical administrative and system requirements.
• Support the preparation and review of treaty documents, commercial proposals, and letters of agreement, including discussions regarding contract terms under appropriate supervision.
• Monitor retention levels and verify that arrangements remain within approved company limits and applicable treaty conditions.

Financial Operations and Reporting

• Prepare and review detailed financial, management, and regulatory reports relating to reinsurance activities.
• Conduct transaction reviews, reconciliations, financial analysis, and research in accordance with applicable accounting standards, including GAAP and statutory accounting requirements.
• Investigate unusual or escalated accounting discrepancies and determine appropriate corrective actions.
• Assess the financial and regulatory implications of reinsurance arrangements and help maintain accurate financial records.
• Support the development and maintenance of effective controls across reinsurance and financial administration systems.

Audit, Risk and Regulatory Compliance

• Coordinate responses to requests from internal and external auditors, reinsurers, and other relevant business partners.
• Ensure audit evidence and supporting documentation are complete, accurate, and submitted within required deadlines.
• Evaluate operational risks and contribute to the implementation of appropriate monitoring and control measures.
• Apply relevant regulatory requirements to day-to-day reinsurance processes and escal tion potential compliance concerns.
• Contribute to the maintenance of procedures and controls that support effective risk management and regulatory adherence.

Business Collaboration and Project Leadership

• Work closely with stakeholders across the organisation to resolve complex operational issues and support informed business decisions.
• Provide technical input on business initiatives, product developments, and changes affecting reinsurance operations.
• Take a leading role in specialist projects involving administration systems, contractual arrangements, audits, and new product implementation.
• Contribute to system transformation initiatives, including the planned introduction of a new reinsurance platform.
• Review existing workflows and recommend improvements that enhance efficiency, accuracy, and consistency.
• Help allocate and coordinate workloads, assist with escalated cases, and communicate emerging operational issues to management.

Technical Guidance and Team Support

• Act as a subject matter resource for reinsurance processes, contractual interpretation, and operational practices.
• Review colleagues' work, identify areas requiring correction, and provide constructive feedback.
• Support the development of less experienced team members through knowledge sharing and practical guidance.
• Assist management with prioritising work, resolving difficult cases, and maintaining progress against departmental objectives.

Essential Qualifications and Experience

Applicants should demonstrate the following background:

• A bachelor's degree or a combination of relevant education and professional experience totalling at least four years.
• Six or more years of experience in analytical or specialist operational positions.
• At least five years of progressively responsible experience administering life insurance or annuity reinsurance arrangements.
• Practical knowledge of coinsurance and yearly renewable term (YRT) treaty structures, including the administration of transactions throughout their full lifecycle.
• The ability to interpret complex reinsurance contract provisions and apply them to operational procedures, system settings, and financial reconciliations.
• At least three years of practical experience using Microsoft Excel for data analysis, validation, and financial reporting, including advanced functionality.

The following experience would be particularly valuable:

• Administration of sophisticated reinsurance arrangements, including funds-withheld structures and financial reinsurance transactions.
• Participation in the integration of acquired or divested insurance portfolios, including data transfers, reconciliation activities, and implementation of associated treaty arrangements.
• Three or more years of experience in accounting, financial analysis, and reconciliation activities.
• At least two years of experience with programming or data technologies such as Visual Basic, TAI.Net queries, XML, or SQL.
• Familiarity with Oracle-based business or financial systems.
• Experience gained through U.S. military service or as the spouse or domestic partner of a service member.

Location and Working Arrangements

The position may be performed remotely from within the contiguous United States, subject to business requirements and applicable company policies. Occasional business travel may be necessary.

Employees living within 60 miles of an office in San Antonio or Plano, Texas; Phoenix, Arizona; Colorado Springs, Colorado; Charlotte, North Carolina; or Tampa, Florida, are expected to work on-site four days per week.

Relocation assistance is not available for this opportunity.

Salary and Incentive Compensation

The anticipated annual base salary range is $93,770 to $179,240.

Individual compensation will depend on factors such as relevant experience, technical expertise, geographic location, and the responsibilities assigned to the position. Eligible employees may also receive performance-based incentives linked to individual and organisational results, subject to applicable company policies and approval.

Benefits and Employee Support

The benefits programme is designed to support employees' health, financial security, and overall well-being. Depending on eligibility and applicable plan terms, benefits may include:

• Medical, dental, and vision insurance.
• A 401(k) retirement savings plan and pension benefits.
• Life insurance coverage.
• Paid parental leave and adoption assistance.
• Paid holidays and a paid time-off programme.
• Annual opportunities to participate in community volunteering, including up to 16 paid volunteer hours.
• Well-being resources and professional development opportunities.
• Career planning and continuing education support.

Applicants must be authorised to work in the United States without current or future employer-sponsored immigration assistance. Visa sponsorship is not available for this position.

All candidates should review the applicable employment eligibility requirements before applying.

Additional Information

This overview describes the principal responsibilities and qualifications associated with the position. It is not intended to cover every task or responsibility that may arise as business needs evolve.

The successful candidate will be expected to follow relevant policies, maintain appropriate professional standards, protect confidential information, and contribute to the effective management of operational and financial risks.