Reinsurance Program Lead
Role Overview
The Reinsurance Program Lead is responsible for overseeing the company's reinsurance operations, accounting, and administration while supporting the execution of the organization's reinsurance program. This role ensures the accurate administration of reinsurance contracts, timely financial reporting, recoverables management, and compliance with contractual, regulatory, and accounting requirements. Working closely with Finance, Underwriting, Claims, Actuarial, and external brokers and reinsurers, the Reinsurance Program Lead provides operational and financial support that enables the effective execution of the company's reinsurance strategy.
Key Skills for This Role
Full Job Posting
Position Overview
The Reinsurance Program Lead is responsible for overseeing the company's reinsurance operations, accounting, and administration while supporting the execution of the organization's reinsurance program. This role ensures the accurate administration of reinsurance contracts, timely financial reporting, recoverables management, and compliance with contractual, regulatory, and accounting requirements. Working closely with Finance, Underwriting, Claims, Actuarial, and external brokers and reinsurers, the Reinsurance Program Lead provides operational and financial support that enables the effective execution of the company's reinsurance strategy.
Essential Job Functions
Manages the day-to-day administration of treaty and facultative reinsurance programs, ensuring accurate implementation of contract terms
Oversees reinsurance accounting activities, including ceded premium and loss reporting, recoverables, settlements, and account reconciliations
Ensures timely and accurate reporting to reinsurers, brokers, auditors, and regulatory agencies
Monitors reinsurance recoverables and collaborates with Claims and Finance to facilitate timely collections and resolve outstanding balances
Coordinates reinsurance renewal activities by preparing data, financial analyses, and supporting documentation for management, brokers, and reinsurers
Reviews reinsurance contracts to ensure operational processes align with contract provisions and identify potential issues requiring resolution
Partners with Underwriting, Actuarial, Finance, and Claims to support the administration and financial reporting of the reinsurance program
Maintains accurate reinsurance records and documentation, ensuring compliance with internal controls, accounting standards, and regulatory requirements
Supports internal and external audits by providing requested documentation, reconciliations, and analysis
Prepares recurring management reports and analyses related to ceded results, recoverables, treaty activity, and operational performance
Identifies opportunities to improve reinsurance processes, controls, reporting, and system efficiency
Performs other duties as assigned
Education & Experience
Required
Bachelor’s degree in Insurance, Finance, Risk Management, Mathematics, or related field
Typically requires 7+ years of progressive reinsurance or insurance experience
Preferred or Specialized
Certifications & Licenses
CPCU, ARe, or FCAS/ASAS designations preferred
Knowledge, Skills & Abilities
- Demonstrated ability to:
- influence executive-level decision-making
- communicate effectively in both oral and written form
- handle difficult and stressful situations with professional composure
- analyze, organize, and prioritize work while meeting multiple deadlines
- organize and reason in a logical manner
- Demonstrated skill in:
- leadership, analytical, and communication
- negotiating with reinsurers and brokers
- managing one’s own time and working independently
- customer service
- Demonstrated knowledge of:
- capital modeling and enterprise risk management
- property & casualty insurance operations
- reinsurance accounting and regulatory reporting
- treaty structures, facultative placements, and catastrophe management
- Microsoft Office software
About Pekin Insurance
Pekin Insurance is a reciprocal insurance group providing auto, home, life, health, and business coverage.
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