Financial Analyst III

Planet Group; Wellesley (MA); Hybride; USD 76 000 - 112 000; Plein temps

Résumé du poste

Planet Group in Wellesley Hills, MA is seeking a Financial Analyst III to join the Group Reinsurance Administration team. You will be a senior contributor supporting Stop-Loss Captive reinsurance programs, with responsibilities split between monthly reporting and process improvement initiatives.

The role emphasizes accurate, timely reporting, collaboration with internal partners and reinsurers, and leveraging AI tools to streamline workflows.

Qualifications

• 5-8 years of insurance experience in a finance/actuarial/accounting/operations role.
• Advanced Excel with complex formulas and large datasets.
• Understanding of group ceded reinsurance structures such as coinsurance and YRT.
• Ability to interpret reinsurance treaties and obligations of ceding and reinsurers.
• Experience using AI tools to improve workflows and efficiency.

Responsabilités

• Monthly stop-loss captive reporting, including internal accruals and external submissions.
• Manage assigned source files during the first five business days of each month.
• Apply treaty rules and business logic to validate and reconcile data.
• Produce submission reporting by treaty year once financial close is complete.
• Support automation and workflow improvements with AI tools.

Connaissances

Advanced Excel proficiency

Reinsurance concepts

Interpreting treaties

Data analysis / large datasets

AI tooling familiarity

Independent work

Formation

Bachelor's Degree in Finance

Actuarial Science

Mathematics

Outils

Data Iku

SQL

Python

R

Copilot

Claude

Description du poste

Job Title:Financial Analyst III
Number of Positions:1
Contract:9months
Hours:Flexible, 8-4, 8:30-4:30, 9-5PM
Site/Location: Wellesley Hills, MA 02481 -Hybrid, 3 days onsite per week
Rate: 55/hr

Role Overview

• Senior contributor within client's Group Reinsurance Administration team
• Supports Stop-Loss Captive reinsurance programs
• Splits responsibilities between:
  • Monthly captive reporting, accruals, submissions, and source file preparation
  • Process improvement and workflow optimization for the Excess Reinsurance team, including automation and AI-enabled enhancements
• Ensures accurate, timely reporting in accordance with governing treaties
• Collaborates with internal partners, Reinsurance Accounting, Finance, Actuarial, EBG, Stop-Loss
• Collaborates with external stakeholders, reinsurers, captive managers

Key Responsibilities

Monthly Captive Reporting, First 10 Business Days

• Prepare monthly stop-loss captive reporting, including internal accruals and external submissions
• Manage assigned source files, primarily the captive policy list, during the first five business days of each month
• Apply treaty rules and business logic to validate and reconcile data
• Produce submission reporting by treaty year once financial close is complete
• Follow established checklists and documentation to ensure accuracy and compliance

Process Improvement & Excess Reinsurance Support, Second Half of Month

• Partner with the Excess Reinsurance manager to evaluate highly manual workflows and identify opportunities for automation, streamlining, or offloading to India Operations
• Review and improve existing documentation, currently 80+ pages, to ensure clarity, accuracy, and usability
• Use AI tools, Copilot, Claude, to brainstorm, prototype, and test workflow improvements
• Support Data Iku migration efforts as the team transitions away from Access databases
• Recommend and help implement redesigned workflows that reduce manual effort and improve turnaround times

Critical Must-Have Skills

• 5-8 years of insurance experience in a finance/actuarial/accounting/operations role, Reinsurance Operations/Administration role experience
• Advanced Excel proficiency, including complex formulas, large datasets, multi-tab workbooks, and strong troubleshooting skills
• Solid understanding of reinsurance concepts, including group ceded reinsurance structures such as coinsurance and YRT
• Ability to interpret reinsurance treaties and clearly understand the obligations and requirements of both the ceding company and reinsurers
• Demonstrated ability to work effectively with large datasets, including leveraging automation or AI tools to improve efficiency
• Comfort using AI tools, Copilot, Claude, to streamline processes, build prompts, and support workflow redesign

Required Soft Skills

• Highly organized with exceptional attention to detail and a strong focus on accuracy, with the ability to see the big picture
• Strong analytical mindset with ability to see the big picture and underlying drivers
• Confident, inquisitive, and comfortable asking questions and offering process feedback
• Must be able to work independently with minimal direction
• Strong written communication skills required
• Ability to communicate in a clear and concise manner with foreign reinsurers, captive managers and client management
• Team-oriented, patient, and collaborative, fits well within a supportive, high-performing group

Nice-to-Have Skills

• Experience with Employee Benefits Group products, Life, Disability, Health, Stop-Loss
• Familiarity with Data Iku, SQL, Python, or R
• Background in medical stop-loss, group benefits, supplemental health, or ceded reinsurance
• Actuarial student background or actuarial-style analytical mindset

Education

• Bachelor's Degree in Finance, Business, Actuarial Science or Mathematics

Additional Role Details

• Position: 1
• Work Arrangement: Hybrid, 3 days onsite per week
• Work Hours: Flexible, 8-4, 8:30-4:30, 9-5
• Reason for Opening: Backfill
• Max Bill Rate: USD $81.06/hr
• Location: Wellesley Hills, MA 02481
• Alternate: Hartford, CT 06103
• Start Date: October 26, 2026
• End Date: 9 months from start date
• Extension/Conversion: Possible, based on business needs

Preferred Industry Background

• Medical Stop-Loss
• Group Benefits, Life, Disability
• Supplemental Health
• Reinsurance, ceded, group, or stop-loss
• Candidates from P&C or investment backgrounds may struggle due to different cash-flow structures

Top Performer Profile

• Advanced Excel mastery
• Strong analytical mindset, actuarial-type thinking is a plus
• Ability to troubleshoot discrepancies independently
• AI fluency, prompting, automation, workflow optimization
• Balance of big-picture thinking and detail orientation
• Confidence, curiosity, and willingness to ask questions
• Team-oriented mindset and patience

Reporting Structure & Team

• Reports to Augusta Van Tongeren
• Team size: 2 senior analysts, after one retirement
• Highly collaborative, supportive culture with bi-weekly huddles

Target Companies for Sourcing

• Stop-Loss / Health / Group Benefits carriers:
  • Cigna
  • Prudential
  • UnitedHealth
  • Highmark
  • Berkley
• Reinsurance organizations:
  • RGA
  • Gen Re
  • Munich Re
  • Swiss Re
• Client experience is a bonus