| Urgent Need for Business Analyst with Reinsurance in Jersey City, NJ & NYC, NY ( HYBRID2-3 Days). at Jersey City, New Jersey, USA |
| Email: [email protected] |
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http://bit.ly/4ey8w48 https://jobs.nvoids.com/job_details.jsp?id=1034069&uid= From: Sudhir, Techgene Solutions, LLC [email protected] Reply to: [email protected] Hi, We have an Urgent requirement for Business Analyst with Reinsurance in Jersey City, NJ & NYC, NY ( HYBRID2-3 Days). Below is the mentioned job description. Kindly forward me your contact details for further process at [email protected] . Position: Business Analyst with Reinsurance Location: Jersey City, NJ & NYC, NY ( HYBRID2-3 Days). Duration: 12 Months HYBRID 2-3 Days NO OPT NEED PP NUMBER or RECENT i94 JOB DESCRIPTION: Business Analyst Reinsurance, Finance transformation Candidate should have: Great communication skills Experience working as a Business Analyst for 6+ years Preferably located in NJC/NYC are and be open to Hybrid Model (2-3 days WFO) Candidate should posses: Strong knowledge of Reinsurance domain Should have worked on at least 1 reinsurance tool (preferably Sapiens Reinsurance Master or SAP FS-RI) Should be aware of Allocation rule used for Ceding premiums Proportional Allocation Vs Excess of loss Allocation Good amount of understanding around Inclusion/Exclusion criterias when setting up reinsurance treaties Should have done calculations of ceded and assumed premiums, reserves, and commissions based on FAC and Treaty reinsurance agreements. Should have understanding of Life cycle of Premium received with respect to reinsurance lens in detailed steps: Premium Assessment Risk Evaluation : The ceding company evaluates its risk exposure and determine the type of treaty and fac to apply to mitigate losses Negotiation with Reinsurer and Reinsurance Agreement Activation: The ceding company engages in negotiations with reinsurers to transfer a portion of the risk. This includes discussions on coverage limits, terms and premium percentage to be ceded Premium Remittance to Reinsurers Reserve setting: A portion of the premium is typically set aside as reserves to cover potential claims. Both the primary insurer and reinsurer may establish reserves based on actuarial calculations and risk assessments. Claim handling: In the event of a covered loss, policyholders file claims with the primary insurer. The insurance company assesses the claims, and if applicable, the reinsurer contributes its share to cover the losses. Loss Recovery: Reinsurers participate in the settlement of claims by reimbursing the primary insurer for their share of covered losses. The reinsurer's involvement helps the primary insurer manage the financial impact of large or catastrophic claims. Renewal or Adjustments and then repeat cycle Mandatory: The one who is applying facultative and treaty contracts as ceding company from placement side and also as a reinsurer (finance/contract side) who will fulfil obligations concerning the risks it has agreed to cover, including premium collection, claims processing, and adherence to the terms defined in the contract Keywords: information technology New Jersey New York Rhode Island http://bit.ly/4ey8w48 https://jobs.nvoids.com/job_details.jsp?id=1034069&uid= |
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| 12:58 AM 20-Jan-24 |