Overview
On Site
Hybrid
BASED ON EXPERIENCE
Contract - Independent
Contract - W2
Skills
REINSURANCE
RE-INSURANCE
MUNICH RE
ANALYST
TREATY
FACULTATIVE
CEDED
Job Details
Stratus is seeking an experienced Reinsurance Business Systems Analyst (BSA) to support the analysis, design, and implementation of reinsurance solutions. The ideal candidate will have a deep understanding of reinsurance contracts, treaties, and financial transactions, along with expertise in policy administration systems, claims, and financial reporting.
Required Skills & Experience:
Business & System Analysis:
- Gather, analyze, and document business requirements related to reinsurance operations, including treaty and facultative reinsurance.
- Work closely with underwriting, actuarial, claims, and finance teams to ensure seamless integration of reinsurance processes.
- Collaborate with IT teams to design, implement, and enhance reinsurance processing systems
- Perform GAP analysis between current state and future state processes to improve efficiency.
- Ensure compliance with statutory and regulatory requirements
- Define data requirements and ensure accurate mapping for financial reconciliation and reporting.
- Assist in generating reports for reinsurance settlements, bordereaux, ceding statements, and recoverable.
- Work with BI and data teams to implement dashboards and analytics for reinsurance performance tracking.
- Develop test plans, test cases, and execute UAT for system implementations and enhancements.
- Validate system calculations for premium allocations, loss sharing, cession rules, and treaty compliance.
- Conduct JAD sessions and stakeholder meetings to gather input and align on business requirements.
- Work with vendors and third-party reinsurance platforms to ensure smooth system integration.
- Document business processes, workflows, and SOPs for reinsurance operations.
- Identify opportunities for automation and process improvements in reinsurance transactions.
Required Skills & Experience:
- 8-10 years of experience as a Business Systems Analyst in Insurance/Reinsurance domain.
- Strong knowledge of reinsurance types (facultative, treaty, quota share, excess of loss, etc.) and ceding/assumed reinsurance processes.
- Experience working with Reinsurance Systems e.g., SAP FS-RI, Sapiens Reinsurance, Majesco Reinsurance, or custom solutions.
- Proficiency in SQL for data analysis, system queries, and reporting.
- Experience with SDLC methodologies (Waterfall, Agile-Scrum, RUP) and tools like JIRA, HP ALM, or Azure DevOps.
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