Associate, Reinsurance Administration Analyst
New York Life Insurance Company is a Fortune 100 mutual company with a long-standing legacy of purpose and integrity. The Reinsurance Administration Analyst role involves supporting the Reinsurance Operations area by ensuring accurate processing of reinsured policies and claims, while also monitoring and resolving related issues.
Responsibilities
- Investigate, evaluate, and resolve issues related to reinsurance processing on individual policies within established guidelines and procedures
- Monitor key reports to promptly identify and address reinsurance issues, ensuring all financial implications are properly captured and communicated
- Calculate interest on reinsurance claim payments and process claims accurately in the reinsurance administration system
- Notify and bill reinsurers for claims in a timely, precise manner, and track receipt of claim recoveries
- Serve as a primary contact for reinsurers to provide explanations, documentation, and issue resolution
- Prepare and deliver supporting data and analysis for reinsurer audits
- Partner with management on ad hoc analysis, projects, and process enhancements, with a focus on leveraging AI
- Respond to inquiries from internal and external stakeholders, ensuring professional and timely communication
Skills
- Strong proficiency in Excel, Access, Word, and PowerPoint
- Demonstrated analytical ability and attention to detail
- Aptitude for identifying and implementing process improvements
- Effective written and verbal communication skills
- Ability to learn new systems and workflows quickly
- Self-motivated with the ability to work independently and within a team environment
- Bachelor's degree in Finance, Accounting or Business preferred
- Relevant internship or prior insurance/finance operations experience a plus
- SQL knowledge a plus
Benefits
- Leave programs
- Adoption assistance
- Student loan repayment programs
Company Overview
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