Reinsurance Operations Analyst

Job Description

This is an opportunity to join Ascot Group - one of the world’s preeminent specialty risk underwriting organizations.

Designed as a modern-era company operating through an ecosystem of interconnected global operating platforms, we’re bound by a common mission and purpose: One Ascot. Our greatest strength is a talented team who flourish in a collaborative, inclusive, and entrepreneurial culture, steeped in underwriting excellence, integrity, and a passion to find a better way, The Ascot Way.

The Ascot Way guides our people and our organization. Our underwriting platforms collaborate to find creative ways to deploy our capital in a true cross-product and cross-platform approach. These platforms work as one, deploying our capital creatively through our unique Fusion Model: Client Centric, Risk Centric, Technology Centric.

Built to be resilient, Ascot maximizes client financial security while delivering bespoke products and world class service — both pre- and post-claims. Ascot exists to solve for our clients’ brightest tomorrow, through agility, collaboration, resilience, and discipline.

Position Overview

Reporting to the Reinsurance Operations Manager, the Reinsurance Operations Analyst (‘Analyst’) will be responsible for supporting end-to-end post-placement and ongoing administration of ceded reinsurance agreements, including accurate treaty setup, timely financial and operational processing, and effective governance over ceded data, collateral, and compliance. Partners closely with Finance, Actuarial, Claims, Underwriting, Legal, and brokers/reinsurers to ensure treaty compliance, accurate reporting, and high-quality data supporting close and statutory reporting.

Responsibilities

• Support post-placement contract and treaty administration, including reviewing treaty terms and summarizing key provisions for downstream processing.
• Assist with treaty setup and maintenance in reinsurance systems, including contract terms, layers, cessions, exclusions, and settlement terms, and support change control for updates and endorsements.
• Maintain centralized reinsurance documentation, including treaty summaries, processing guidance, control evidence, and reference materials within established repositories.
• Support ceded premium processing and month-end close activities, including validation of results, investigation of variances, and ensuring transactions align with contractual terms.
• Prepare recurring reporting and settlement support for reinsurers and brokers, including bordereaux-style files and monthly or quarterly reporting packages, ensuring accuracy and timeliness.
• Assist with regulatory and statutory reporting requirements related to ceded reinsurance.
• Coordinate with external auditors, examiners, and regulators during audits or examinations, as needed.
• Support reinsurance accounting system initiatives, including implementations and enhancements.
• Assist with ad hoc projects and requests as assigned by management.
• Commitment to The Ascot Way: Embody The Ascot Way in their daily interaction with colleagues, fostering colleague engagement and development, collaboration, inclusivity, and individual accountability.
  
  

Requirements

• Bachelor’s degree in Accounting, Finance, Risk Management, or a related field.
• A minimum of 4 years of experience in reinsurance operations, reinsurance accounting or administration, or insurance financial operations, with exposure to ceded reinsurance processing.
• Working knowledge of ceded reinsurance concepts and contract terms, with the ability to interpret treaty requirements and translate them into operational activities.
• Strong organizational skills, attention to detail, and ability to manage deadlines in a fast-paced close and reporting environment.
• Proactive, self-motivated, and eager to learn.
• Strong written and verbal communication skills.
• Proficiency with Microsoft Office applications, including Excel, Word, and Outlook.
• This role can be filled at a different level, depending on experience.**
  
  

Compensation

Actual base pay could vary and may be above or below the listed range based on factors including but not limited to experience, subject matter expertise, and skills. The base pay is just one component of Ascot’s total compensation package for employees. Other rewards may include an annual cash bonus and other forms of discretionary compensation awarded by the Company.

The annualized base pay range for this role is: $90,000 - $115,000

Company Benefits

The Company provides a competitive benefits package that includes the following (eligibility requirements apply):

• Health and Welfare Benefits: Medical (including prescription coverage), Dental, Vision, Health Savings Account, Commuter Account, Health Care and Dependent Care Flexible Spending Accounts, Life Insurance, AD&D, Work/Life Resources (including Employee Assistance Program), and more
• Leave Benefits: Paid holidays, annual Paid Time Off (includes paid state /local paid leave where required), Short-term Disability, Long-term Disability, Other leaves (e.g., Bereavement, FMLA, Adoption, Maternity, Military, Primary & Non-Primary Caregiver)
• Retirement Benefits: Contributory Savings Plan (401k)
  
  

Please be aware that Ascot Group’s job opportunities will be posted on our official careers page. All official communication comes from @ascotgroup.com email addresses, if you receive a job offer or recruitment communication from Ascot Group that you suspect might be fraudulent, do not hesitate to contact us directly to verify its legitimacy . We will never ask for payment or sensitive personal information during any stage of the recruitment process. Your privacy and trust are of utmost importance to us, and we strive to ensure that you have a positive experience with Ascot Group.