Reinsurance Program Lead

Pekin Insurance; Pekin (IL); Hybrid; USD 108,000 - 148,000; Full time

Benefits offered by this job

Health, Dental and Vision Insurance

Generous 401(k) with company match

Paid Time Off and Holidays

Job summary

Pekin Insurance is seeking a Reinsurance Program Lead to oversee the company’s reinsurance operations, accounting, and administration. You will collaborate with Finance, Underwriting, Claims, Actuarial, and external brokers/reinsurers to support the organization’s reinsurance strategy.

The role requires a Bachelor’s degree and 7+ years of experience in reinsurance or insurance, with CPCU/ARe/FCAS/ASAS preferred. A hybrid work schedule is offered, with emphasis on accuracy and timely reporting.

Qualifications

• Bachelor’s degree in Insurance, Finance, Risk Management, Mathematics, or related field.
• Typically requires 7+ years of progressive reinsurance or insurance experience.
• CPCU, ARe, or FCAS/ASAS designations preferred.
• Applicants must be authorized to work in the U.S. without sponsorship now or in the future.
• Knowledge of capital modeling, enterprise risk management, reinsurance accounting, regulatory reporting, and treaty structures.

Responsibilities

• Manages day-to-day administration of treaty and facultative reinsurance programs.
• Oversees reinsurance accounting activities, including ceded premium and loss reporting, recoverables, settlements, and reconciliations.
• Ensures timely and accurate reporting to reinsurers, brokers, auditors, and regulatory agencies.
• Monitors reinsurance recoverables and collaborates with Claims and Finance for timely collections.
• Prepares data, analyses, and documentation for renewals and management review.

Skills

Leadership

Analytical thinking

Communication

Negotiation

Time management

Customer service

Education

Bachelor’s degree in Insurance, Finance, Risk Management, Mathematics, or related field

Tools

Microsoft Office

Job description

Looking for more than just a job? You’ve found it.

At Pekin Insurance, you’re not a number—you’re part of something bigger. For over 100 years, we’ve built a community where people are valued, supported, and empowered to grow. Here, you’ll find a workplace where collaboration is real, ideas are welcome, and the work you do truly matters. We’re proud to help people through life’s toughest moments—and it’s our people who make that possible.

From day one, you’ll be encouraged to bring your whole self to work, take on meaningful challenges, and grow in ways that matter to you.

Position Overview

The Reinsurance Program Lead is responsible for overseeing the company's reinsurance operations, accounting, and administration while supporting the execution of the organization's reinsurance program. This role ensures the accurate administration of reinsurance contracts, timely financial reporting, recoverables management, and compliance with contractual, regulatory, and accounting requirements. Working closely with Finance, Underwriting, Claims, Actuarial, and external brokers and reinsurers, the Reinsurance Program Lead provides operational and financial support that enables the effective execution of the company's reinsurance strategy.

Essential Job Functions

• Manages the day-to-day administration of treaty and facultative reinsurance programs, ensuring accurate implementation of contract terms
• Oversees reinsurance accounting activities, including ceded premium and loss reporting, recoverables, settlements, and account reconciliations
• Ensures timely and accurate reporting to reinsurers, brokers, auditors, and regulatory agencies
• Monitors reinsurance recoverables and collaborates with Claims and Finance to facilitate timely collections and resolve outstanding balances
• Coordinates reinsurance renewal activities by preparing data, financial analyses, and supporting documentation for management, brokers, and reinsurers
• Reviews reinsurance contracts to ensure operational processes align with contract provisions and identify potential issues requiring resolution
• Partners with Underwriting, Actuarial, Finance, and Claims to support the administration and financial reporting of the reinsurance program
• Maintains accurate reinsurance records and documentation, ensuring compliance with internal controls, accounting standards, and regulatory requirements
• Supports internal and external audits by providing requested documentation, reconciliations, and analysis
• Prepares recurring management reports and analyses related to ceded results, recoverables, treaty activity, and operational performance
• Identifies opportunities to improve reinsurance processes, controls, reporting, and system efficiency
• Performs other duties as assigned

Required

Education & Experience

• Bachelor’s degree in Insurance, Finance, Risk Management, Mathematics, or related field
• Typically requires 7+ years of progressive reinsurance or insurance experience

Preferred Or Specialized

• N/A

Certifications & Licenses

• CPCU, ARe, or FCAS/ASAS designations preferred

Knowledge, Skills & Abilities

Demonstrated ability to:

• influence executive-level decision-making
• communicate effectively in both oral and written form
• handle difficult and stressful situations with professional composure
• analyze, organize, and prioritize work while meeting multiple deadlines
• organize and reason in a logical manner

Demonstrated Skill In

• leadership, analytical, and communication
• negotiating with reinsurers and brokers
• managing one’s own time and working independently
• customer service

Demonstrated Knowledge Of

• capital modeling and enterprise risk management
• property & casualty insurance operations
• reinsurance accounting and regulatory reporting
• treaty structures, facultative placements, and catastrophe management
• Microsoft Office software

Applicants must be authorized to work in the U.S. without sponsorship now or in the future.

Pay Range

• $108,000 - 148,000
• This range is based on the expected level of experience and skills for this position. Final compensation will depend on individual

Benefits

• Health, Dental and Vision Insurance
• Generous 401(k) with company match
• Paid Time Off (PTO) with Paid Holidays
• Flexible/Hybrid Work Schedule
• Paid Volunteer Program