Participation Programs Analyst I

AmTrust Financial Services Inc.; Cleveland (OH); Hybrid; USD 47,000 - 72,000; Full time

Benefits offered by this job

Medical & Dental Plans

Life Insurance, including eligible/sp

Health Care Flexible Spending

Dependent Care

401k Savings Plans

Paid Time Off

Job summary

AmTrust Financial Services in Cleveland, Ohio, is seeking a detail-oriented professional to manage the administration and reporting for reinsurance and partner structures. You will analyze data, prepare monthly reports, and provide recommendations to improve processes.

The role involves timely settlements, collateral management, and proactive account management across multiple structures, with a focus on accuracy and client service.

Qualifications

• Experience in legal, accounting, finance, insurance or related field
• Very proficient in Microsoft Office
• Excellent analytical and organizational skills
• Exceptional oral and written communication skills
• Ability to multi-task, work under pressure efficiently, with high quality results and attention to detail

Responsibilities

• Takes on a significant role in ensuring the success of assigned projects.
• Provides analysis, reconciliation and delivery of accurate and timely monthly reports for assigned clients, along with summaries and recommendations.
• Ensures timely settlements of assigned reinsurance/partner structure accounts.
• Proactively manages all assigned accounts – collateral, deficits, loss ratios, production levels (minimums), terminations, tiered fees, commutations, etc. This includes timely follow ups to ensure full resolution or completion.
• Provides accurate and timely responses to client requests.
• Gathers and prepares information, reports and presentations for internal parties (Executives, Finance, Underwriting, etc.) as well as for external parties (clients, management firms, external auditors, etc.).
• Performs other functionally related duties as assigned.

Skills

Microsoft Office

Analytical skills

Organizational skills

Oral and written communication

Multi-tasking

Job description

Overview

This position handles all activities related to the administration and management of reinsurance and partner structures. This includes performing analyses, preparing reports and providing recommendations for our programs, as well as all necessary tasks to ensure the accurate and timely completion of reinsurance reports, settlements, trust withdrawals, collateral management and customer service.

The Reinsurance and Partner Structures team oversees the following:

• Reinsurance


• DOWC/DOOC


• Profit Share


• FTP/XOL


• Captives


• Cell Structures


• AMP Portal

Responsibilities

• Takes on a significant role in ensuring the success of assigned projects.


• Provides analysis, reconciliation and delivery of accurate and timely monthly reports for assigned clients, along with summaries and recommendations.


• Ensures timely settlements of assigned reinsurance/partner structure accounts.


• Proactively manages all assigned accounts – collateral, deficits, loss ratios, production levels (minimums), terminations, tiered fees, commutations, etc. This includes timely follow ups to ensure full resolution or completion.


• Provides accurate and timely responses to client requests.


• Gathers and prepares information, reports and presentations for internal parties (Executives, Finance, Underwriting, etc.) as well as for external parties (clients, management firms, external auditors, etc.).


• Performs other functionally related duties as assigned.

Qualifications

Required:

• Experience in legal, accounting, finance, insurance or related field


• Very proficient in Microsoft Office


• Excellent analytical and organizational skills


• Exceptional oral and written communication skills


• Ability to multi-task, work under pressure efficiently, with high quality results and attention to detail

The expected salary range for this role is (USD $46,600.00 - USD $72,000.00 Yr. )

Please note that the salary information shown above is a general guideline only. Salaries are based upon a wide range of factors considered in making the compensation decision, including, but not limited to, candidate skills, experience, education and training, the scope and responsibilities of the role, as well as market and business considerations.

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What We Offer

• Medical & Dental Plans


• Life Insurance, including eligible spouses & children


• Health Care Flexible Spending


• Dependent Care


• 401k Savings Plans


• Paid Time Off

AmTrust Financial Services offers a competitive compensation package and excellent career advancement opportunities.

AmTrust strives to create a diverse and inclusive culture where thoughts and ideas of all employees are appreciated and respected. This concept encompasses but is not limited to human differences with regard to race, ethnicity, gender, sexual orientation, culture, religion or disabilities.

AmTrust values excellence and recognizes that by embracing the diverse backgrounds, skills, and perspectives of its workforce, it will sustain a competitive advantage and remain an employer of choice. Diversity is a business imperative, enabling us to attract, retain and develop the best talent available. We see diversity as more than just policies and practices. It is an integral part of who we are as a company, how we operate and how we see our future.