Senior Reinsurance Accountant (Quality Control)
The world isnt standing still, and neither is Allstate. Were moving quickly, looking across our businesses and brands and taking bold steps to better serve customers evolving needs. Thats why now is an exciting time to join our team. Youll have opportunities to take risks, challenge the status quo and shape the future for the greater good.
Youll do all this in an environment of excellence and the highest ethical standards a place where values such as integrity, inclusive diversity and accountability are paramount. We empower every employee to lead, drive change and give back where they work and live. Our people are our greatest strength, and we work as one team in service of our customers and communities.
Everything we do at Allstate is driven by a shared purpose: to protect people from lifes uncertainties so they can realize their hopes and dreams. For more than 89 years weve thrived by staying a step ahead of whatevers coming next to give customers peace of mind no matter what changes they face. We acted with conviction to advocate for seat belts, air bags and graduated driving laws. We help give survivors of domestic violence a voice through financial empowerment. Weve been an industry leader in pricing sophistication, telematics, digital photo claims and, more recently, device and identity protection. We are the Good Hands. We dont follow the trends. We set them.Job Summary
Job Family Summary
Participation Programs The overall goal of the Participation Programs team is to create, provide, support, and administer Best In Class Participation Programs for auto dealers, financial institutions, independent agents (IA), third party administrators (TPA) and strategic partners (SP).
Job Family is responsible for administration, management and oversight of all aspects and functions related to ADS retro accounts, reinsurance programs, and other various incentive programs.
Position is responsible for review and analysis of data, trends, statistical measures and reports to provide internal and external parties observations and recommendations that provide for positive performance of ADS reinsurance companies and retro accounts. This position is also responsible for review and oversight of certain outputs of the Setup Associates and Analysts, as well as preparation of calculations and documents for complex transactions related to the reinsurance companies.
Account Analysis and Review
Review (QC) account set ups and changes to reinsurance, retro and TPA reinsured accounts
Prepare and analyze agent and dealer facing quarterly performance packages for all reinsurers, includes providing executive summary of key factors, along with recommended actions
Quarterly analysis of all retro accounts
Uses extensive analytical knowledge to manage profitability of reinsurance and retro accounts
Prepare and review audit/control reports out of various systems
Annual audit/review of all cession reporting
Review of monthly FIP (Flexible Investment Program) calculations
UPR (Unearned Premium Reserve) cession and commutation calculations
Monthly review of Trust Reporting
Monthly balancing and review of GL recons
Monthly review of bad debt
Quarterly review of business performance and presentation to leadership
Prepare Ad Hoc analytical requests
Able to analyze and reconcile complex issues regarding reinsurance/retro structure in order to support and maintain large sales opportunities
Uses broad business perspective to provide recommendations to senior leadership that result in adequate management of reinsurance and retro programs
Confers with agents & 3rd parties to address and resolve performance concerns/issues
Works under management direction when proposing business recommendations to 3rd parties and agents
Responsible for achieving results and supporting team members as needed
Capable of independent work with management guidance on new and unfamiliar tasks/projects
High Level Communication
Utilizes strong communication and personal interaction skills to effectively, confidently, knowledgeably and professionally review, discuss and analyze programs with internal and external parties
Effectively uses strong communication skills to engage appropriate personnel in the performance of reinsurance and retro accounts
Responsible for providing effective communications to reinsurance, retro and 3rd party relationships
Analytical and Technical Skills
Standard knowledge in the use of data sources and applications to conduct research
Identifies and resolves basic data or set up issues
Ability to analyze data and review analysis prepared by others
Performs and evaluates basic trend analysis (e.g., competitor analysis, risk management, financial)
Produces consistent, detailed reports of reinsurance, retro & TPA program business results
Analyses of profitability of reinsurance, retro & TPA programs
Reviews and makes observations of appropriateness
Able to assist in legal, accounting, pricing and underwriting conversations that supports ADS business objectives
Reviews Participation Programs AORs practices to ensure consistency and adherence to policies and procedures
Answer technical inquiries, provide resolution guidance and furnish information to the client and/or internal personnel
Assist in gathering information/documentation for and providing responses to internal and external auditors, Home Office Legal and Accounting, states and other regulatory authorities
Intermediate Microsoft Office Suite knowledge
Advanced organization skills
Ability to interpret complicated situations/issues and take appropriate action(s)
Ability to input data into multiple systems across multiple product lines
Ability to multi-task in a high pressure, high volume environment
Ability to interpret incoming communications
Ability to create and send communications to internal and external parties
2 to 3 years of experience in an analyst or equivalent position
Level Guide: Please refer to the Allstate Level Guide on MyHR Knowledge
Regular, predictable attendance is an essential function of this job.
- Compensation range for this position is $51,000 - 65,000per year, based on experience and qualifications.
The candidate(s) offered this position will be required to submit to a background investigation, which includes a drug screen.
Good Work. Good Life. Good Hands.
As a Fortune 100 company and industry leader, we provide a competitive salary but thats just the beginning. Our Total Rewards package also offers benefits like tuition assistance, medical and dental insurance, as well as a robust pension and 401(k). Plus, youll have access to a wide variety of programs to help you balance your work and personal life -- including a generous paid time off policy.For a full description of Allstates benefits, visit allstate.jobs/benefits/
Allstate generally does not sponsor individuals for employment-based visas for this position.
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