Reinsurance Consultant

5 days ago


Toronto, Canada Reinsurance Group of America Full time

You desire impactful work.
You’reRGA ready
RGA is a purpose-driven organization working to solve today’s challenges through innovation and collaboration. A Fortune 500 Company and listed among itsWorld’s Most Admired Companies, we’re the only global reinsurance company to focus primarily on life
- and health-related solutions. Join our multinational team of intelligent, motivated, and collaborative people, and help us make financial protection accessible to all.
The Reinsurance Consultant is primarily responsible for supporting various consulting client projects. This leadership role will work very closely with the Senior Consultants and other team members to ensure high quality delivery of services to clients. While projects will vary from client to client, they typically involve reviewing a system or process in order to identify deficiencies and propose improvements. At times projects may also involve assisting with or augmenting a client’s ability to execute an existing business process on a temporary basis. As a member of the consulting team, this position will ensure TAI has a firm grasp of a client’s business requirements and delivers services in a timely and controlled manner. While this role will be primarily focused on external consulting engagements, this role also supports internal projects to achieve better operational efficiency where possible without sacrificing quality.

**RESPONSIBILITIES**:

- Plan, organize, and execute assigned business projects on behalf of clients and according to client’s requirements and business best practices
- Identify and meet with key stakeholders and SMEs when needed to perform initial and ongoing assessments to establish project risks, timelines, and deliverables
- Collect information about the client’s business through a variety of methods (shadowing, interviews, surveys, reading reports etc.)
- Understands Project Management principles
- Create and develop successful client relationships
- Ability to clearly articulate the benefits and technology related to TAI
- Analyze and interpret data to unearth operational inefficiencies and issues and identify the root causes
- Review and analyze complex reinsurance arrangements and processes
- Review reinsurance systems or databases for data quality and compliance
- Gather business requirements, develop test plans, execute testing, and document results
- Formulate recommendations and solutions with attention to a client’s needs, capabilities, and limitations
- Present findings and suggestions to clients with ample justification and practical advice
- Implement solutions on behalf of internal and external client
- Provide guidance for any occurring problems and issues
- Integrate new clients, blocks of business, and new treaty arrangements into TAI’s administrative platform
- Provide training in the use of the TAI system
- Conduct tasks and activities within TAI and/or externally to obtain information such as life reinsurance policy data, cession data, managing the implementation of insurance products and/or business process workflows into the TAI Life Reinsurance system. May work with other departments and conduct primary or secondary research to gather client data if information is not readily available
- Work with internal and/or external functional areas including, Product Management, Project Management, Actuarial, Finance, Underwriting, Claims, and IT simultaneously
- Support other TAI business partners as necessary
- Collaborate with colleagues and leadership team to ensure delivery of best in class services to TAI’s clients with respect to timeliness, quality, accuracy, and value

**EDUCATION AND EXPERIENCE**:
**Required**:

- College or University Degree or equivalent work experience
- FLMI, ACS, or ARA designation from LOMA or working to achieve
- Proven knowledge of life insurance and annuity concepts, with 5+ years of overall reinsurance experience
- 2+ years of experience in a senior life insurance general administration or reinsurance administration role
- Detailed understanding of reinsurance data, processes, and controls including retention management practices, treaty setup, interpretation, and compliance
- Experience communicating directly and frequently with clients and stakeholders in a customer service setting
- Experience in contributing to projects including defining business requirements, creating test plans, executing test plans, and implementing solutions
- Effective gap-analysis and report writing skills
- Proficiency in Microsoft Excel, Access, Word, and PowerPoint
- Willingness to travel up to 25%

**Preferred**:

- University degree in computer science, actuarial science, finance, mathematics, or accounting
- 8+ years of insurance or reinsurance experience
- Thorough understanding of reinsurance business processes including administration and billing, claims, underwriting, valuation, accounting, etc. Proven ability to work with large data sets and complex data flows to recognize systemic ri


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