Specialty Operations Finance Voluntary Reinsurance Administration Consultant - Remote

Allstate Insurance Company; United States; Remote; USD 57,000 - 101,000; Full time

Job summary

A leading company is seeking a Consultant II to manage analytical tasks, handle financial reporting for reinsurance, and drive process improvements. Ideal candidates will have a Bachelor's degree and experience in finance or reinsurance. This role emphasizes teamwork and compliance while presenting opportunities for professional growth.

Qualifications

• Minimum 2 years of relevant experience preferred.
• Knowledge of insurance, reinsurance, finance, and accounting concepts.

Responsibilities

• Manage day-to-day activities of the team and perform thorough analysis.
• Prepare quarterly and annual statutory and GAAP financial statements.
• Coordinate communication regarding reinsurance disputes and compliance.

Skills

Finance

Financial Analysis

GAAP

Reinsurance

Process Improvements

Education

4-year Bachelor's Degree

Fields: Finance, Accounting, Insurance, Reinsurance

Job description

At Allstate, great things happen when our people work together to protect families and their belongings from life’s uncertainties. For more than 90 years, our innovative drive has kept us ahead of our customers’ evolving needs, from advocating for seat belts and air bags to leading in pricing sophistication, telematics, and device and identity protection.

Job Description

Responsible for executing the day-to-day activities of the team. Manage assignments based on prioritization and direction, raising issues as appropriate. The Consultant II performs thorough analysis, handles moderately complex tasks, and works independently with minimal guidance. Supports the Voluntary Reinsurance Administration and Run-off Property-Liability segment Controller teams in analysis, communication, and recording financial results. Proactively anticipates issues, assesses impact, and recommends and executes solutions to achieve business objectives.

Key Responsibilities

• Respond to and coordinate internal and external inquiries and requests
• Review claims for accuracy of reinsurance cessions
• Prepare quarterly and annual statutory and GAAP financial statements and schedules
• Calculate, record, bill, and collect/pay reinsurance recoveries, premiums, adjustments, and accruals
• Implement results through settlements or formal rulings
• Coordinate communication regarding reinsurance disputes
• Collaborate within the team and across business units
• Participate in and initiate process improvement projects
• Ensure compliance with reporting requirements related to liquidations
• Identify financially troubled reinsured companies
• Administer reinsurance contracts, including recoverables and contract terms
• Manage reinsurance collateral requirements
• Record, analyze, and reconcile reinsurance financial transactions

Education

• 4-year Bachelor's Degree (Preferred)
• Fields: Finance, Accounting, Insurance, Reinsurance

Experience

• Minimum 2 years of relevant experience (Preferred)
• Knowledge of insurance, reinsurance, finance, and accounting concepts including Statutory, GAAP, and Schedule F (Preferred)

Supervisory Responsibilities

• No supervisory duties associated with this role

Skills

Finance, Financial Analysis, GAAP, Process Improvements, Reinsurance, Reinsurance Administration

Compensation

Annual salary ranges from $57,500 to $100,212.50, based on experience and qualifications.

All candidates will be required to undergo a background investigation.

Joining our team is an opportunity to develop your skills, challenge the status quo, and impact the future for the greater good. We offer a flexible environment that values connection and belonging, recognized by multiple inclusivity and diversity awards, empowering everyone to lead, drive change, and give back.

Good Hands. Greater Together.

Allstate generally does not sponsor employment-based visas for this position.

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