Reinsurance Program Lead

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

Benefits offered by this job

Health insurance

401(k) with company match

Paid time off

Job summary

Pekin Insurance in Pekin, IL is seeking a Reinsurance Program Lead to oversee treaty and facultative reinsurance programs and associated accounting. You will drive accurate reporting, manage recoverables, and coordinate renewals with cross-functional teams.

The role requires deep knowledge of reinsurance accounting, regulatory reporting, and strong collaboration with Finance, Underwriting, Claims, Actuarial, and external partners.

Qualifications

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

Responsibilities

• Oversee day-to-day administration of treaty and facultative reinsurance programs.
• Oversee reinsurance accounting activities including ceded premium, loss reporting, recoverables, settlements, and reconciliations.
• Ensure timely and accurate reporting to reinsurers, brokers, auditors, and regulatory agencies.
• Coordinate reinsurance renewal activities with data, analyses, and documentation.
• Partner with other departments to support administration and financial reporting of the program.

Skills

Communication skills

Leadership

Analytical ability

Time management

Negotiation

Education

Bachelor's degree in Insurance/Finance/Math

Tools

Microsoft Office

Job description

Pekin, IL - Hybrid | Pekin, IL - Hybrid
2505 Court St
Pekin, IL 61554, USA

Locations

Showing 1 location

• Hybrid
• Accounting
• Full-Time
• Requisition #: REINS003074

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.

The ReinsuranceProgram 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 ReinsuranceProgram 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

Education & Experience

Required

• 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:

• 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

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

For more information about the benefits we offer, please visit our Careers Page .

Equal Opportunity Employer
This employer is required to notify all applicants of their rights pursuant to federal employment laws.For further information, please review the Know Your Rights notice from the Department of Labor.