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The Position:
Alternative Markets is seeking a dynamic candidate to join our team! This role will be client facing, and have responsibility for communication and interaction with the captive managers and underwriting team. This role will additionally provide all necessary financial support for assigned book of business, with a focus on accuracy, internal and external communication, meeting prescribed deadlines with strong attention to detail.
Alternative Markets is seeking a dynamic candidate to join our team! This role will be client facing, and have responsibility for communication and interaction with the captive managers and underwriting team. This role will additionally provide all necessary financial support for assigned book of business, with a focus on accuracy, internal and external communication, meeting prescribed deadlines with strong attention to detail.
#LI-Remote
Job Responsibilities:
Cultivate strong business partnerships while gaining a thorough understanding of the business being supported; leverage understanding of business to respond to internal and external questions and requests. Work closely with underwriting team to understand the business and provide the financial operational support needed.
Communication and interaction with reinsurers/captives, underwriting team, IT personnel, TPA’s, and various external and internal contacts on a day-to-day basis.
Review ceded reinsurance contracts and ensure accounting and cessions are in line with contract terms, using strong attention to detail.
Review and release of the Reinsurance Statement of Account (cession/bordereau) to the reinsurance brokers and/or reinsurers/captives in a timely and accurate manner in accordance with the terms of the reinsurance contract.
Preparation and review of cash receipts and disbursements processing, and the payment and/or recovery of reinsurance. Preparation/review of Letter of Credit funding requirements on a quarterly basis and submission to reinsurers/captives.
Calculation of collateral funding requirements.
Assist with testing and implementation of new systems/processes.
Help identify inefficiencies and implement more efficiencies in the operational aspects of captive accounting.
Completion of key assignments/special projects that may be assigned from time to time.
Required Skills/Experience:
Strong communication and interpersonal skills. Team player.
Strong Excel skills.
Ability to analyze data, including ability to recognize anomalies in data.
Dynamic and motivated individual, capable of handling complexity.
Ability to effectively communicate analysis and conclusions to financial information end-users.
Education:
Minimum 8 years of North American property and casualty insurance industry experience.
Bachelor’s degree in finance or accounting required.
Strongly recommend experience with captives and/or reinsurance.
CPCU or other Insurance designations is a plus.
The Company:
Arch Insurance is a global insurer offering our clients superior coverage and service. We embody the Arch guiding principle of focusing on retaining experienced and talented employees to differentiate us from the rest of the pack. Our group operates from offices in the US, Canada, Bermuda, UK, and Australia, providing specialty risk solutions to clients worldwide across a wide range of industries. With nearly 20 years of operating history and strong financial ratings, our track record remains solid.
Arch Insurance employs a disciplined underwriting approach and prudent risk selection across all types of business. Our mission is to provide our insureds with superb coverage and claims handling through careful and diligent underwriting of risks and business-friendly solutions. Across our global operations, Arch Insurance employees are ready to meet your needs with professionalism and excellence.
