Job Summary:

Analyst level position responsible for supporting and assisting department staff with the administrative processes of the Ceded Reinsurance department including reinsurance submission preparation, inputting reinsurance placements into systems, oversight of audits, tracking of contract wording, providing individual claim notification to reinsurers and perform treaty premium adjustments. Although our search is in Farmington, CT, we will consider other New England areas such as Boston, MA or New York, NY and Jericho, NY. Also, this position is not 100% remote, but we do encourage a flexible, hybrid model of 2 days at home and 3 days in office.

Job Duties:

• Oversee individual facultative claims noticing and review facultative underwriting summary
• Support Ceded Re senior staff in working with Underwriting, Finance, Actuarial, and Claims to gather data to assist in reinsurance submission preparation
• Assist with coordinating the availability of documents and timing for claims, underwriting, transactional, and Ceded Re audits as well as audits performed by external auditors.
• Assist in preparing individual claim notifications and invoices (no negotiation or settling of claims is permitted), and work with brokers and reinsurers to ensure receivable balances are collected.
• Assist the AVP, Operations Lead, Ceded Reinsurance with responsibilities including:
  • Review treaty premium adjustments to ensure that amounts deposited are properly reconciled with amounts owed including adjustment true ups for swing rate adjustments and sliding scale commission calculations.
  • Work with Actuarial and Finance to assist with new product data/system set up.
  • Coordinate and track execution of contract wordings to full completion and maintain electronic filing archive.
  • Summarize treaty terms and schematics.
  • Maintain reinsurance resume document that provides historical detail of terms treaties previously written.
  • Assist in maintaining compliance with the tenets of the Sarbanes-Oxley Act.

• B.S. in Business, Math or related major preferred
• 2 to 5 years insurance or finance related experience
• Exceptional MS Office skills
• Excellent communication (both written and verbal) and interpersonal skills
• Strong attention to detail and quantitative skills
• Ability to work to deadlines and prioritize tasks
• Ability to work with various internal constituents, including underwriting, claims, actuarial, finance and IT departments
• Ability and willingness to work outside normal office hours and global travel as required
• Ability to deal with changing environment
• Exceptional organizational skills

About Fairfax

Fairfax is a holding company which, through its subsidiaries, is engaged in property and casualty insurance and reinsurance and investment management.

About Allied World

Allied World, through its subsidiaries and brand known as Allied World, is a global provider of innovative property, casualty and specialty insurance and reinsurance solutions. Allied World offers superior client service through a global network of offices and branches. All of Allied World's rated insurance and reinsurance subsidiaries are rated A by A.M. Best Company, A by Standard & Poor's, and A2 by Moody's, and our Lloyd's Syndicate 2232 is rated A+ by Standard & Poor's and AA- by Fitch.

Our generous benefits package includes Health and Dental Insurance, 401k plan, and Group Term Life Insurance. Allied World Insurance Company is an Equal Opportunity and Affirmative Action Employer. All qualified applicants will be considered for employment without regard to an individual's race, color, national origin, religion or belief, sex, age, genetic information, marital or civil partnership status, family status, sexual orientation, gender identity, or their protected veteran or disability status. Please visit www.awac.com for further information on Allied World.