The Berkshire Hathaway brand is synonymous with trust, integrity, prudent risk taking and doing business the right way. Like all great brands, ours continues to be forged based on the actions of our people – every one of us – who live it day to day and over time. Our financial strength enables us to provide consistent capacity and innovative, tailored solutions. It enables us to underwrite large, complex risks long term – and gives our customers the utmost confidence in the way we do business.
Berkshire Hathaway Group, Reinsurance Division (BHG Re) is a leading provider of life retrocession to Reinsurers from the United States, Canada, Asia and Europe. We are a unique organization, financially strong and diversified, with an appetite for large risks and a long investment horizon and more accepting of volatility. We specialize in individual life and critical illness reinsurance. BHG Re provides a collaborative and supportive culture where you can learn and grow.
About the Role
The Reinsurance Administration Analyst is a key contact between Berkshire Hathaway and an assigned group of Insurance Companies (Clients).
The Analyst is responsible for analyzing and validating Client reporting for accuracy, timeliness and completeness. You will ensure completeness of Client information and records in Berkshire’s Reinsurance Administration system, and use this information to support trend analysis, risk identification and the development of action plans to correct issues. You will communicate information regarding Client issues and unusual reporting trends to internal stakeholders and partner with the Divisional Reinsurance Administration Manager to resolve them.
This position will report directly to the Divisional Reinsurance Administration Manager.
Key Responsibilities of the role:
- For an assigned group of Insurance Companies, process, analyze and validate client reporting and associated premium payments to ensure completeness and accuracy;
- Develop effective working relationships with external and internal clients;
- Conduct quantitative and qualitative (analytical and trending) in-depth analysis on client reported data to assess issues and identify potential risks and impacts;
- Analyze control reports and escalate any issues with known or potential financial impacts;
- Ensure key administrative risks are identified and participate in the suggestion and implementation of mitigation strategies;
- Execute a variety of processes utilizing Microsoft Office, Business Intelligence tools and Berkshire’s Reinsurance Administration System;
- Adhere to monthly and quarterly timelines;
- Participate in planned projects including process automation and enhancement of data management;
- Actively seek enhancements and propose recommendations for new processes to improve efficiencies;
- Support ad hoc tasks as required.
What you will bring to the role:
- 3 to 5 years of experience in life insurance or reinsurance operations;
- Post-secondary degree;
- Keen attention to detail with strong analytical, problem solving and interpersonal skills;
- Strong ability to critically evaluate client data;
- Familiarity with standard reinsurance terms;
- Advanced knowledge of Microsoft Office tools and experience with Business Intelligence tools;
- Exposure to data management, data mining, building analytics reports and process automation;
- Excellent verbal and written communication skills;
- Strong client service focus;
- Ability to function effectively in a changing environment.
We welcome applications from qualified individuals from all backgrounds.
Work Model: Hybrid - Downtown, Toronto
Replacing Open Role
Salary: $80,000 - $85,000
We are committed to creating an inclusive, barrier-free recruitment and selection process. If you require any accommodation at any stage of the application or interview process, please let us know by contacting recruiting@bhlifere.com, and we will work with you to meet your needs.
