Reinsurance Specialist I/II
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POST DATE 9/14/2016
END DATE 10/15/2016
StanCorp Financial Group, Inc.
JOB DESCRIPTIONAPPLY MORE INFORMATION ABOUT THIS JOB:
If you want to make a positive difference and stand out from the crowd, you ll fit in at The Standard (www.standard.com). Through our retirement plans and insurance products and services, we help people achieve financial well-being and peace of mind. Come join us and share our passion for serving our customers in a positively different way.
We are currently seeking a Reinsurance Specialist I/II to join our Individual Disability Insurance (IDI) team. The Reinsurance Specialist I and II roles require strong team work and collaboration, as these positions will work with various departments. Additionally, top candidates will need to have strong analytical, organizational and math skills.
Helps administer all transactions (reinsurance premiums, claims, and new or amended cessions) based on Individual Disability Insurance s (IDI) reinsurance treaties to ensure timely and accurate payment and receipt of reinsurance funds. Assist team in reinsurance month end financial reporting.
Work with Reinsurance Specialists II to help maintain reinsurance systems, procedures and documentation to support this important risk management function.
Calculate new or amend reinsurance cessions within a one month turnaround on all new or altered coverages (working with Underwriting, New Business or Inforce) on the insured or policy level according to treaty specifications. Work with Actuarial to implement new treaties.
Create, validate and send monthly reinsurance premium bills (self-administered) and monthly reinsurance claim bills. Send any supporting documentation to reinsurers as needed.
Process all IDI reinsurance receipts and disbursements in LAWSON according to Corporate Financial Service standards. Document transactions and procedures to SOX standards. Support internal, external or vendor audits annually. Provide NAIC Schedule S data annually.
Education: Minimum High School Diploma; Bachelor's Degree or in process preferred.
* Ability to perform detailed mathematical calculations and document results
* Ability to understand disability income coverages and set-ups
* Ability to learn principles of reinsurance
* Familiarity with basic accounting and ledger entries
* Ability to learn ID3 and various IDI in-house systems
* Familiarity with Microsoft Office
Professional Certification Required: FLMI desirable
Standard Insurance Company, The Standard Life Insurance Company of New York, Standard Retirement Services, Inc., StanCorp Equities, Inc. and StanCorp Investment Advisers, Inc., marketed as The Standard, are Affirmative Action/Equal Opportunity employers. All qualified applicants will receive consideration for employment without regard to race, religion, color, sex, national origin, gender, sexual orientation, age or any other condition protected by federal, state or local law. The Standard offers a drug and alcohol free work environment where possession, manufacture, transfer, offer, use of or being impaired by an illegal substance while on Standard property, or in other cases which the company believes might affect operations, safety or reputation of the company is prohibited. The Standard requires a criminal background investigation, drug test, employment, education and licensing verification as a condition of employment. All employees of The Standard must be bondable.
For more information regarding your Equal Employment Opportunity applicant rights, please visit the URL: http://www1.eeoc.gov/employers/upload/eeoc_self_print_poster.pdf,