Unit Manager - Operations

Job description

Description and Requirements Treaty Administration

• Administer reinsurance treaties throughout the contract lifecycle.
• Execute treaty onboarding and implementation activities.
• Maintain treaty inventories, supporting documentation, and operational workflows.
• Interpret treaty provisions and ensure administrative processes align with contractual requirements.
• Coordinate treaty changes, amendments, and operational setup activities.
• Monitor treaty performance and identify operational risks, control gaps, and process improvement opportunities.
• Manage Modified Coinsurance (ModCo), funds withheld arrangements, annuity reinsurance programs, and Pension Risk Transfer (PRT) reinsurance agreements.
• Accounting and Settlement Operations
• Perform monthly, quarterly, and annual close-related reinsurance activities.
• Calculate, review, and process reinsurance billings and settlements.
• Prepare and review journal entries associated with reinsurance transactions.
• Manage ceded premium, claims reimbursement, reserve settlements, and other treaty-related balances.
• Monitor and resolve outstanding recoverables and settlement discrepancies.
• Coordinate with Accounting and Finance teams to ensure accurate financial reporting.
• Support general ledger reconciliations and account certification activities.
• Reconciliations and Controls
• Perform reconciliations between operational systems, accounting records, settlement reports, and treaty calculations.
• Investigate and resolve data variances and operational exceptions.
• Execute and document SOX control activities.
• Support internal control testing and remediation efforts.
• Maintain audit-ready documentation supporting key operational processes and financial transactions.
• · Reporting and Analytics
• Prepare recurring operational and financial reports.
• Support management reporting and key performance indicator development.
• Deliver data analytics to support decision-making and operational oversight.
• Provide reinsurance data and insights to Finance, Accounting, Actuarial, and Risk Management stakeholders.
• Leverage reporting tools and business intelligence platforms to improve transparency and operational performance.
• Audit, Regulatory, and Governance Support
• Support internal, external, and regulatory audits.
• Respond to audit inquiries and documentation requests.
• Ensure compliance with internal policies, regulatory requirements, and treaty provisions.
• Support statutory, GAAP, and regulatory reporting activities, as applicable.
• Participate in governance and data quality initiatives.
• · Stakeholder Management
• Serve as a key operational liaison across Finance, Accounting, Actuarial, Reinsurance Strategy, Technology teams, external reinsurers, and external auditors.
• Facilitate issue resolution and operational decision-making.
• Communicate complex reinsurance concepts to both technical and non-technical audiences.