Reinsurance Executive

About the role

The Commercial Lines & Reinsurance Analyst plays a critical role in supporting the pricing, reinsurance accounting, and performance monitoring of commercial insurance products. The role focuses on data-driven analysis and reporting to support strategic decisions across Property, Liability, Marine, and Financial Lines portfolios. The Analyst also contributes to reinsurance strategy, ensuring the optimization and regulatory compliance of reinsurance structures. This is a cross-functional role, requiring close collaboration with underwriting, reinsurance, finance, actuarial, and data teams.

Key responsibilities

1. Pricing & Profitability Analysis

• Develop and maintain technical pricing models for commercial lines products
• Analyze underwriting performance, loss ratios, and trends across lines of business.
• Support rate review processes and recommend adjustments to improve profitability.
• Monitor portfolio pricing adequacy and suggest corrective measures.

2. Reporting & Business Intelligence

• Prepare regular and ad-hoc performance reports for senior management.
• Create dashboards and visual analytics to monitor KPIs such as written premium, claims ratios, combined ratio, and underwriting profit.
• Assist in preparing board-level presentations and commercial performance reviews.
• Prepare the data and analysis to monitor risk accumulation data report and monitor the overall risk accumulation.

3. Reinsurance Accounting & Analysis

• Prepare, review, and process Statements of Account (SOA), premium and claims bordereaux, and settlement documentation.
• Ensure accurate and timely booking of reinsurance premiums, commissions, claims recoveries, reinstatement premiums, profit commissions, brokerage, taxes, and related transactions.
• Validate and reconcile reinsurance accounting transactions, ensuring accurate allocation by accounting period, treaty, reinsurer, broker, currency, and line of business.
• Analyze reinsurance performance, recoveries, costs, and profitability impact, and support the optimization of reinsurance structures and treaty arrangements with brokers and internal stakeholders.
• Ensure compliance with internal controls, accounting standards, regulatory requirements, and Sompo Group guidelines, and maintain accurate reinsurance reporting in accordance with regulatory and Group standards.

4. Strategic Support

• Provide insights and recommendations to management for business planning, product development, and strategic initiatives.
• Collaborate with underwriting teams to understand market trends and recommend product/pricing changes.
• Support initiatives aimed at improving technical margin and market competitiveness.

5. Data Management & Process Improvement

• Enhance data quality and reporting automation for efficiency and accuracy.
• Work with IT/Data teams to ensure reliable data pipelines for pricing and analysis.
• Assist in the development of tools and templates for underwriting/pricing teams.

Qualifications:

• Bachelor's degree in insurance industry, actuarial science, mathematics, statistics, business, Finance, or a related field
• 3+ years of experience in commercial insurance pricing, reinsurance, or analytics
• Strong analytical and quantitative skills
• Advanced Excel, SQL, and data visualization (e.g., Power BI, Tableau)
• Understanding of actuarial techniques and insurance performance metrics
• Knowledge of reinsurance concepts and structures
• Strong attention to detail and problem-solving ability
• Ability to communicate complex data in a clear and concise manner
• Team-oriented with cross-functional collaboration skills
• Professional certification in actuarial science or underwriting (e.g., CPCU, ARe, AU) is a plus