Reinsurance Administrator

Kansas City Life Group; Kansas City (MO); On-site; USD 55,000 - 75,000; Full time

Job summary

Kansas City Life Insurance Company is seeking an energetic, self-motivated individual to join our Actuarial/Reinsurance department. This role focuses on compiling reports, administering reinsurance, and ensuring accurate accounting and reporting for state and federal requirements.

The ideal candidate will have a Bachelor's degree or equivalent experience, 2 years in the insurance industry, and strong skills in Excel, Word, and Access, with excellent organizational and communication abilities.

Qualifications

• Bachelor's degree or equivalent work experience in insurance administration or reinsurance.
• 2 years of Insurance Industry experience including group administration, accounting/audit, group products knowledge, or reinsurance reporting.
• Strong organizational and analytical skills.
• Strong verbal and written communication skills.
• Self-motivated and able to meet deadlines.

Responsibilities

• Compile reports and remit accurate reinsurance premiums monthly; research discrepancies and pursue reimbursements; ensure correct accounting treatment and supporting for state and federal reporting.
• Coordinate setup of accounting/reporting, audit, and reconcile financial records and bank transfers for off-site third party marketing partners for all lines of business.
• Produce management reports and provide analysis related to reinsurance experience and other reporting as needed.
• Document and maintain written procedures for all reinsurance, third party accounting, reporting and audit functions.
• Administer individual reinsurance by updating the TAI system and loading updated in-force files; analyze coverage changes and premium reporting; assess reinsurance risk and retention limits.

Skills

Organizational skills

Analytical skills

Communication skills

Self-motivated

Punctuality

Education

Bachelor's Degree or equivalent

Tools

MS Excel

MS Word

MS Access

Job description

Kansas City Life Insurance Company, a recognized leader in the insurance industry, is seeking an energetic, self-motivated individual to join our Actuarial/Reinsurance department. The ideal candidate would meet the following requirements:

QUALIFICATIONS/REQUIREMENTS:
• Bachelors Degree or equivalent work experience in insurance administration or reinsurance.
• 2 Years of Insurance Industry experience required including some or all of the following: Group Administration experience, Accounting/Audit background, Group products knowledge, Reinsurance administrative reporting
• Exceptional organizational and analytical skills
• Strong communication skills both verbal and written
• Exceptionally self motivated
• Proficient in MS Excel, Word, Access
• Must be able to meet specified deadlines
• Regular and reliable attendance and punctuality is an essential function of this position

DUTIES/RESPONSIBILITIES:
• Compile reports and remit accurate reinsurance premiums monthly. Research discrepancies and pursue available reinsurance reimbursements. Assure correct accounting treatment including controls and support for state and federal reporting.
• Coordinate the initial set-up of accounting and reporting, audit and reconcile financial records and bank transfers for off-site third party marketing partners for all lines of business
• Produce management reports and provide analysis related to reinsurance experience and other reporting as needed
• Document and maintain written procedures and processes related to all reinsurance, third party accounting, reporting and audit functions
• Administer individual reinsurance by updating the TAI administrative system to reflect new arrangements, changes in existing arrangements, and loading updated in force files to TAI. Analyze changes in coverage and corresponding changes on TAI administrative system to reflect correct coverage is reported and paid for. Must know how changes in base coverage affect the risk of reinsurance and determine the correct procedures to make on the reinsured risk as well as the change in premium. Analyze the retention of reinsurance of each life to maintain the correct corporate retention limit.

Kansas City Life Insurance Company offers a competitive salary and an excellent benefits package.