Reinsurance Director is responsible for the administration of reinsurance plans. Maintains plan records and ensures compliance with federal regulations. Being a Reinsurance Director communicates with customers and assists with plan design and distribution when necessary. Ensures timely accounting, reporting and auditing. Additionally, Reinsurance Director researches and analyzes reinsurance prices and specifications. Communicates with underwriting area to verify the proper reinsurance administration is put in place. Supports the investigation of proposed reinsurance opportunities, rate comparisons, and profitability analysis. May have responsibility for reinsurance customer service. Has attained industry designations. Requires a bachelor's degree. Typically reports to top management. The Reinsurance Director manages a departmental sub-function within a broader departmental function. Creates functional strategies and specific objectives for the sub-function and develops budgets/policies/procedures to support the functional infrastructure. Deep knowledge of the managed sub-function and solid knowledge of the overall departmental function. To be a Reinsurance Director typically requires 5+ years of managerial experience. (Copyright 2024 Salary.com)
ABOUT: Sutton National Group
Sutton National Group offers admitted capacity through Sutton National Insurance Company and surplus lines capacity through Sutton Specialty Insurance Company, with combined capital in excess of $100 million. The Sutton National Group operates in many key states and is expanding its footprint nationwide. We partner with select program administrators and reinsurers to build lasting market solutions with a shared focus on underwriting and true alignment of interests.
Our commitment to our partners’ success produces meaningful and lasting relationships and allows our partners to prosper without channel conflicts to maximize their opportunities. We invest our capital, time, and resources for mutual benefit, believing the cost to win is far less than the cost to lose.
JOB SUMMARY:
The Reinsurance Accountant will need to be able to perform a variety of general accounting, financial analysis and financial reporting functions related to Sutton’s ceded reinsurance business. The Reinsurance Accountant will be responsible for assisting with the monthly, quarterly and annual financial close.
DUTIES AND RESPONSIBILITIES
SKILLS / KNOWLEDGE / ABILITIES
EDUCATION AND EXPERIENCE
CERTIFICATIONS AND LICENSES
PHYSICAL DEMANDS AND WORK ENVIRONMENT
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this job, the employee is regularly required to sit and use hands to finger, handle, or feel objects, tools, or controls. The employee frequently is required to talk and hear. The employee is occasionally required to stand; walk; reach with hands and arms. The employee is rarely required to stoop, kneel, crouch, or crawl. The employee must regularly lift and/or move up to 10 pounds. Specific vision abilities required by this job include close vision, and the ability to adjust focus. The noise level in the work environment is usually moderate.
EEOC
777 Partners is an Equal Opportunity Employer. All aspects of consideration for employment and employment with the Company are governed on the bases of merit, competence and qualifications without regard to race, color, religion, sex, national origin, age, disability, veteran status, sexual orientation, or any other category protected by federal, state, or local law.
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