Senior Reinsurance Business Analyst

5 days ago

Mississauga, Ontario, Canada Royal Bank of Canada Full time
Job Summary

This role is responsible for the administration of the ceded reinsurance business for RBC Insurance, ensuring accurate and timely calculation and settlement of reinsurance payments and recoveries, accrual of unsettled premiums, reserve adjustments, retention management, and treaty compliance.

Key Responsibilities
  • Responsible for day-to-day processing to ensure accurate and timely administration of reinsurance business ceded out to external reinsurers, adequate reinsurance coverage in place for all policies including continuation and conversions, RBC retention is managed and within company policies, and overall compliance with treaties
  • Calculation and processing of reinsurance premium billing, payments, and recoveries, including claims and policyholder benefits such as Return on Premium, Cash Surrender Values, Waiver of Premium, etc.
  • Accrual of unsettled premiums, financial journal entries, reserve adjustments, and reinsurance amounts for businesses administered outside of reinsurance systems such as Modified-Coinsurance, Lapse Experience Refunds, Profit Sharing, etc.
  • Management of claims processing on reinsurance system, including working with the claims department and external reinsurers to identify and resolve issues, and ensure all paid claims are recovered.
  • Responsible for the ongoing documentation and maintenance of operational guidelines and procedures to administer the ceded reinsurance business.
  • On-going analysis of data to ensure completeness/accuracy and escalate any issues to management and involved stakeholders
Requirements
  • 5+ years' experience in Insurance and Reinsurance Administration, and an in-depth knowledge of the industry, reinsurance treaties and contracts, insurance products, and related processes
  • Thorough understanding of reinsurance processes including administration, billing, claims, underwriting, reinstatements, valuation, and accounting
  • Strong understanding of life and living benefits insurance industry, products, and concepts such as CSV, ROP, WOP, NAR, MTAR
  • Technologically savvy, with an understanding of process, system, and data flows
  • Strong client services skills with a collaborative and supportive attitude
  • Strong verbal and written communication skills, together with a proven ability to effectively communicate with a broad cross-section of people, at various levels, in the business & technical communities
What's in it for you?
  • A Total Rewards program that includes flexible benefits, work/life balance and career development programs and investment and retirement savings plans
  • Competitive pay and high-earning potential
  • All the tools, training, and team support you need to grow your career
  • Flexible work/life balance options
  • Sophisticated RBCI software tools to boost your productivity

  • Senior Reinsurance Business Analyst

    2 days ago

    Mississauga, Ontario, Canada Royal Bank of Canada Full time

    Job SummaryThis role is responsible for the administration of the ceded reinsurance business for RBC Insurance, ensuring accurate and timely calculation and settlement of reinsurance payments and recoveries, accrual of unsettled premiums, reserve adjustments, retention management, and treaty compliance.Key ResponsibilitiesProcess day-to-day reinsurance...

  • Senior Reinsurance Business Analyst

    3 days ago

    Mississauga, Ontario, Canada Royal Bank of Canada Full time

    Job SummaryThis role is responsible for the administration of the ceded reinsurance business for RBC Insurance, ensuring accurate and timely calculation and settlement of reinsurance payments and recoveries, accrual of unsettled premiums, reserve adjustments, retention management, and treaty compliance.Key ResponsibilitiesProcess day-to-day reinsurance...

  • Senior Reinsurance Business Analyst

    2 days ago

    Mississauga, Ontario, Canada Royal Bank of Canada Full time

    Job SummaryThis role is responsible for the administration of the ceded reinsurance business for RBC Insurance, ensuring accurate and timely calculation and settlement of reinsurance payments and recoveries, accrual of unsettled premiums, reserve adjustments, retention management, and treaty compliance.Key ResponsibilitiesProcess day-to-day reinsurance...

  • Senior Reinsurance Business Analyst

    3 days ago

    Mississauga, Ontario, Canada Royal Bank of Canada Full time

    Job SummaryThis role is responsible for the administration of the ceded reinsurance business for RBC Insurance, ensuring accurate and timely calculation and settlement of reinsurance payments and recoveries, accrual of unsettled premiums, reserve adjustments, retention management, and treaty compliance.Key ResponsibilitiesProcess day-to-day reinsurance...

  • Senior Reinsurance Business Analyst

    1 week ago

    Mississauga, Ontario, Canada Royal Bank of Canada Full time

    Job SummaryThis role is responsible for the administration of the ceded reinsurance business for RBC Insurance, ensuring accurate and timely calculation and settlement of reinsurance payments and recoveries, accrual of unsettled premiums, reserve adjustments, retention management, and treaty compliance.Key ResponsibilitiesResponsible for day-to-day...

  • Senior Reinsurance Business Analyst

    1 week ago

    Mississauga, Ontario, Canada Royal Bank of Canada Full time

    Job SummaryThis role is responsible for the administration of the ceded reinsurance business for RBC Insurance, ensuring accurate and timely calculation and settlement of reinsurance payments and recoveries, accrual of unsettled premiums, reserve adjustments, retention management, and treaty compliance.Key ResponsibilitiesResponsible for day-to-day...

  • Senior Reinsurance Business Analyst

    2 days ago

    Mississauga, Ontario, Canada Royal Bank of Canada Full time

    Job SummaryThis role is responsible for the administration of the ceded reinsurance business for RBC Insurance, including the accurate and timely calculation and settlement of reinsurance payments and recoveries, accrual of unsettled premiums, reserve adjustments, retention management, and treaty compliance.Key ResponsibilitiesManage day-to-day processing to...

  • Senior Reinsurance Business Analyst

    3 days ago

    Mississauga, Ontario, Canada Royal Bank of Canada Full time

    Job SummaryThis role is responsible for the administration of the ceded reinsurance business for RBC Insurance, including the accurate and timely calculation and settlement of reinsurance payments and recoveries, accrual of unsettled premiums, reserve adjustments, retention management, and treaty compliance.Key ResponsibilitiesManage day-to-day processing to...

  • Reinsurance Operations Leader

    1 month ago

    Mississauga, Ontario, Canada Royal Bank of Canada> Full time

    Position OverviewWhat is the opportunity?This role is pivotal in transforming the management of the ceded reinsurance operations for RBC Insurance. You will spearhead projects, initiatives, and training programs aimed at enhancing the center of excellence. Collaborating closely with reinsurance administration analysts and key stakeholders, you will identify...

  • Reinsurance Operations Manager

    1 month ago

    Mississauga, Ontario, Canada Royal Bank of Canada> Full time

    Position OverviewWhat is the role?This role is pivotal in reshaping the management of ceded reinsurance operations for RBC Insurance. The incumbent will spearhead projects, initiatives, and training programs aimed at enhancing the center of excellence. Collaboration with reinsurance administration analysts and key stakeholders is essential to pinpoint...

  • Senior Reinsurance Operations Specialist

    1 week ago

    Mississauga, Ontario, Canada Royal Bank of Canada Full time

    Job SummaryThis position has responsibility for the administration of the ceded reinsurance business for Royal Bank of Canada, including the accurate and timely calculation and settlement of reinsurance payments and recoveries, accrual of unsettled premiums, reserve adjustments, retention management, and treaty compliance.Key ResponsibilitiesResponsible for...

  • Senior Reinsurance Operations Specialist

    1 week ago

    Mississauga, Ontario, Canada Royal Bank of Canada Full time

    Job SummaryThis position has responsibility for the administration of the ceded reinsurance business for Royal Bank of Canada, including the accurate and timely calculation and settlement of reinsurance payments and recoveries, accrual of unsettled premiums, reserve adjustments, retention management, and treaty compliance.Key ResponsibilitiesResponsible for...

  • Senior Reinsurance Operations Specialist

    2 weeks ago

    Mississauga, Ontario, Canada Royal Bank of Canada> Full time

    Job SummaryThis position has responsibility for the administration of the ceded reinsurance business for Royal Bank of Canada, including the accurate and timely calculation and settlement of reinsurance payments and recoveries, accrual of unsettled premiums, reserve adjustments, retention management, and treaty compliance.Key ResponsibilitiesResponsible for...

  • Senior Reinsurance Operations Specialist

    2 weeks ago

    Mississauga, Ontario, Canada Royal Bank of Canada> Full time

    Job SummaryThis position has responsibility for the administration of the ceded reinsurance business for Royal Bank of Canada, including the accurate and timely calculation and settlement of reinsurance payments and recoveries, accrual of unsettled premiums, reserve adjustments, retention management, and treaty compliance.Key ResponsibilitiesResponsible for...

  • Lead for Reinsurance Initiatives

    1 month ago

    Mississauga, Ontario, Canada Royal Bank of Canada> Full time

    Position OverviewWhat is the role?This role is pivotal in transforming the management of ceded reinsurance operations for RBC Insurance. The incumbent will spearhead projects, initiatives, and training programs aimed at enhancing the center of excellence. Close collaboration with reinsurance administration analysts and key stakeholders is essential to...

  • Reinsurance Treaty Lead

    2 weeks ago

    Mississauga, Ontario, Canada RBC Life Insurance Company Full time

    Job SummaryThis position is responsible for writing and analyzing ceded reinsurance treaties for RBC Life Insurance Company, including any treaty addendums. The successful candidate will collaborate closely with key stakeholders to optimize the administration and management of all reinsurance treaties, including managing any Letters of Intent.Key...

  • Reinsurance Treaty Lead

    2 weeks ago

    Mississauga, Ontario, Canada RBC Life Insurance Company Full time

    Job SummaryThis position is responsible for writing and analyzing ceded reinsurance treaties for RBC Life Insurance Company, including any treaty addendums. The successful candidate will collaborate closely with key stakeholders to optimize the administration and management of all reinsurance treaties, including managing any Letters of Intent.Key...

  • Reinsurance Treaty Lead

    2 weeks ago

    Mississauga, Ontario, Canada RBC Life Insurance Company Full time

    Job SummaryThis position is responsible for writing and analyzing ceded reinsurance treaties for RBC Life Insurance Company, including any treaty addendums. The successful candidate will collaborate closely with key stakeholders to optimize the administration and management of all reinsurance treaties, including managing any Letters of Intent.Key...

  • Reinsurance Treaty Specialist

    3 weeks ago

    Mississauga, Ontario, Canada Royal Bank of Canada Full time

    Job Title: Reinsurance Treaty SpecialistRoyal Bank of Canada is seeking a highly skilled Reinsurance Treaty Specialist to join our team. As a key member of our reinsurance team, you will be responsible for writing and analyzing ceded reinsurance treaties, collaborating with stakeholders to optimize treaty administration, and providing leadership and subject...

  • Manager, Reinsurance Treaties Lead

    2 weeks ago

    Mississauga, Ontario, Canada RBC Life Insurance Company Full time

    Job Title: Reinsurance Treaty Specialist Company: RBC Insurance Job Summary: We are seeking a highly skilled Reinsurance Treaty Specialist to join our team at RBC Insurance. As a key member of our reinsurance team, you will be responsible for writing and analyzing ceded reinsurance treaties, collaborating with stakeholders to optimize treaty...