Reinsurance Administrator

Kansas City Life Insurance; Kansas City (MO); On-site; USD 60,000 - 75,000; Full time

Job summary

Kansas City Life Insurance is seeking a detail‑oriented insurance administrator to manage reinsurance reporting and related financial processes. You will compile premium reports, investigate discrepancies, and ensure accurate accounting and compliance.

The role requires strong organizational skills, clear verbal and written communication, and the ability to meet deadlines. Proficiency with MS Excel, Word, and Access is essential to succeed.

Qualifications

• Bachelor's degree or equivalent work experience in insurance administration or reinsurance.
• 2 Years of Insurance Industry experience required including Group Administration, Accounting/Audit, 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.

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 for off-site third party marketing partners.
• Produce management reports and provide analysis related to reinsurance experience and other reporting.
• Document and maintain written procedures and processes related to reinsurance, third party accounting, reporting and audit functions.
• Administer individual reinsurance by updating the TAI administrative system and reflect changes in coverage and premium.

Skills

Analytical skills

Organizational skills

Communication skills

Self-motivated

Education

Bachelor's degree or equivalent

Tools

MS Excel

MS Word

MS Access

Job description

Job Description

Job Description

** QUALIFICATIONS/REQUIREMENTS:**

1. Bachelors Degree or equivalent work experience in insurance administration or reinsurance.
2. 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
3. Exceptional organizational and analytical skills
4. Strong communication skills both verbal and written
5. Exceptionally self motivated
6. Proficient in MS Excel, Word, Access
7. Must be able to meet specified deadlines

** DUTIES/RESPONSIBILITIES:**

1. 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.
2. 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
3. Produce management reports and provide analysis related to reinsurance experience and other reporting as needed
4. Document and maintain written procedures and processes related to all reinsurance, third party accounting, reporting and audit functions
5. 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.

Regular and reliable attendance and punctuality is an essential function of this position

Kansas City Life Insurance Company is committed to equal employment opportunities for all individuals regardless of race, religion, color, sex, age, national origin, disability, or genetic informatio

Company Description

Kansas City Life Insurance Company was established in 1895 in Kansas City, Mo. Our agency force of more than 2,500 serves 49 states and the District of Columbia. We insure more than half a million policyholders from coast to coast. Our Home Office is located in Kansas City, Mo., with a staff of more than 400 associates who provide support for our field force and policyholders.