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ADS-Reinsurance Acct-Cons I

Description

Where good people build rewarding careers.

Think that working in the insurance field can’t be exciting, rewarding and challenging? Think again. You’ll help us reinvent protection and retirement to improve customers’ lives. We’ll help you make an impact with our training and mentoring offerings. Here, you’ll have the opportunity to expand and apply your skills in ways you never thought possible. And you’ll have fun doing it. Join a company of individuals with hopes, plans and passions, all using and developing our talents for good, at work and in life.


Job Description

Job Family Summary

Participations Programs – The overall goal of the Participation Programs team is to create, provide, support, and administer “Best In Class” Participation Programs for auto dealers, financial institutions, independent agents (IA), third party administrators (TPA) and strategic partners (SP).


Job Family is responsible for administration, management and oversight of all aspects and functions related to ADS’ retro accounts, reinsurance programs, and other various incentive programs.

Job Summary

Position is responsible for review and analysis of data, trends, statistical measures and reports to provide internal and external parties observations and recommendations that provide for positive performance of ADS’ reinsurance companies and retro accounts. This position is also responsible for review and oversight of certain outputs of the Setup Associates and Analysts, as well as preparation of calculations and documents for complex transactions related to the reinsurance companies.

Job Description

Key Responsibilities
Account Analysis and Review

  • Review (QC) account set ups and changes to reinsurance, retro and TPA reinsured accounts
  • Prepare and analyze agent and dealer facing quarterly performance packages for all reinsurers, includes providing executive summary of key factors, along with recommended actions
  • Quarterly analysis of all retro accounts
  • Uses extensive analytical knowledge to manage profitability of reinsurance and retro accounts 
  • Prepare and review audit/control reports out of various systems
  • Annual audit/review of all cession reporting
  • Review of monthly FIP (Flexible Investment Program) calculations
  • UPR (Unearned Premium Reserve) cession and commutation calculations
  • Monthly review of Trust Reporting
  • Monthly balancing and review of GL recons
  • Monthly review of bad debt
  • Quarterly review of business performance and presentation to leadership
  • Prepare Ad Hoc analytical requests
  • Able to analyze and reconcile complex issues regarding reinsurance/retro structure in order to support and maintain large sales opportunities
  • Uses broad business perspective to provide recommendations to senior leadership that result in adequate management of reinsurance and retro programs
  • Confers with agents & 3rd parties to address and resolve performance concerns/issues
  • Works under management direction when proposing business recommendations to 3rd parties and agents
  • Responsible for achieving results and supporting team members as needed
  • Capable of independent work with management guidance on new and unfamiliar tasks/projects 

    High Level Communication

  • Utilizes strong communication and personal interaction skills to effectively, confidently, knowledgeably and professionally review, discuss and analyze programs with internal and external parties  
  • Effectively uses strong communication skills to engage appropriate personnel in the performance of reinsurance and retro accounts
  • Responsible for providing effective communications to reinsurance, retro and 3rd party relationships

    Analytical and Technical Skills

  • Standard knowledge in the use of data sources and applications to conduct research
  • Identifies and resolves basic data or set up issues
  • Ability to analyze data and review analysis prepared by others
  • Performs and evaluates basic trend analysis (e.g., competitor analysis, risk management, financial)
  • Produces consistent, detailed reports of reinsurance, retro & TPA program business results
  • Analyses of profitability of reinsurance, retro & TPA programs 
  • Reviews and makes observations of appropriateness
  • Able to assist in legal, accounting, pricing and underwriting conversations that supports ADS’ business objectives
  • Reviews Participation Programs AOR’s practices to ensure consistency and adherence to policies and procedures
  • Answer technical inquiries, provide resolution guidance and furnish information to the client and/or internal personnel
  • Assist in gathering information/documentation for and providing responses to internal and external auditors, Home Office Legal and Accounting, states and other regulatory authorities

    Job Qualifications

    Knowledge/Skills/Abilities/Experience

    • Intermediate Microsoft Office Suite knowledge
    • Advanced organization skills
    • Ability to interpret complicated situations/issues and take appropriate action(s)
    • Ability to input data into multiple systems across multiple product lines
    • Ability to multi-task in a high pressure, high volume environment
    • Ability to interpret incoming communications
    • Ability to create and send communications to internal and external parties
    • 2 to 3 years of experience in an analyst or equivalent position
    • Bachelor’s Degree

    Level Guide: Please refer to the Allstate Level Guide on MyHR Knowledge

    Regular, predictable attendance is an essential function of this job.


    The candidate(s) offered this position will be required to submit to a background investigation, which includes a drug screen.

    Good Work. Good Life. Good Hands®.

    As a Fortune 100 company and industry leader, we provide a competitive salary – but that’s just the beginning. Our Total Rewards package also offers benefits like tuition assistance, medical and dental insurance, as well as a robust pension and 401(k). Plus, you’ll have access to a wide variety of programs to help you balance your work and personal life -- including a generous paid time off policy.

    Learn more about life at Allstate. Connect with us on Twitter, Facebook, Instagram and LinkedIn or watch a video.



    Allstate generally does not sponsor individuals for employment-based visas for this position.

    Effective July 1, 2014, under Indiana House Enrolled Act (HEA) 1242, it is against public policy of the State of Indiana and a discriminatory practice for an employer to discriminate against a prospective employee on the basis of status as a veteran by refusing to employ an applicant on the basis that they are a veteran of the armed forces of the United States, a member of the Indiana National Guard or a member of a reserve component.

    For jobs in San Francisco, please click 'here' for information regarding the San Francisco Fair Chance Ordinance. 

    For jobs in Los Angeles, please click 'here' for information regarding the Los Angeles Fair Chance Initiative for Hiring Ordinance.

    It is the policy of Allstate to employ the best qualified individuals available for all jobs without regard to race, color, religion, sex, age, national origin, sexual orientation, gender identity/gender expression, disability, and citizenship status as a veteran with a disability or veteran of the Vietnam Era.

  • Requirements

     

    Job Snapshot

    Location US-FL-Jacksonville
    Employment Type Full-Time
    Pay Type Year
    Pay Rate N/A
    Store Type Accounting
    Apply

    Company Overview

    Allstate Insurance Company

    The Allstate Corporation is the largest publicly held personal lines property and casualty insurer in America, serving more than 16 million households nationwide. Founded in 1931, Allstate has been dedicated to protecting our customers from life's uncertainties and preparing them for the future for more than 85 years. Allstate became a publicly traded company in 1993, and is listed on the New York Stock Exchange under the trading symbol ALL. As of year-end 2015, Allstate had nearly $104.7 billion in total assets. Learn More

    Contact Information

    US-FL-Jacksonville
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    Snapshot
    Allstate Insurance Company
    Company:
    US-FL-Jacksonville
    Location:
    Full-Time
    Employment Type:
    Year
    Pay Type:
    N/A
    Pay Rate:
    Accounting
    Store Type:

    Description

    Where good people build rewarding careers.

    Think that working in the insurance field can’t be exciting, rewarding and challenging? Think again. You’ll help us reinvent protection and retirement to improve customers’ lives. We’ll help you make an impact with our training and mentoring offerings. Here, you’ll have the opportunity to expand and apply your skills in ways you never thought possible. And you’ll have fun doing it. Join a company of individuals with hopes, plans and passions, all using and developing our talents for good, at work and in life.


    Job Description

    Job Family Summary

    Participations Programs – The overall goal of the Participation Programs team is to create, provide, support, and administer “Best In Class” Participation Programs for auto dealers, financial institutions, independent agents (IA), third party administrators (TPA) and strategic partners (SP).


    Job Family is responsible for administration, management and oversight of all aspects and functions related to ADS’ retro accounts, reinsurance programs, and other various incentive programs.

    Job Summary

    Position is responsible for review and analysis of data, trends, statistical measures and reports to provide internal and external parties observations and recommendations that provide for positive performance of ADS’ reinsurance companies and retro accounts. This position is also responsible for review and oversight of certain outputs of the Setup Associates and Analysts, as well as preparation of calculations and documents for complex transactions related to the reinsurance companies.

    Job Description

    Key Responsibilities
    Account Analysis and Review

  • Review (QC) account set ups and changes to reinsurance, retro and TPA reinsured accounts
  • Prepare and analyze agent and dealer facing quarterly performance packages for all reinsurers, includes providing executive summary of key factors, along with recommended actions
  • Quarterly analysis of all retro accounts
  • Uses extensive analytical knowledge to manage profitability of reinsurance and retro accounts 
  • Prepare and review audit/control reports out of various systems
  • Annual audit/review of all cession reporting
  • Review of monthly FIP (Flexible Investment Program) calculations
  • UPR (Unearned Premium Reserve) cession and commutation calculations
  • Monthly review of Trust Reporting
  • Monthly balancing and review of GL recons
  • Monthly review of bad debt
  • Quarterly review of business performance and presentation to leadership
  • Prepare Ad Hoc analytical requests
  • Able to analyze and reconcile complex issues regarding reinsurance/retro structure in order to support and maintain large sales opportunities
  • Uses broad business perspective to provide recommendations to senior leadership that result in adequate management of reinsurance and retro programs
  • Confers with agents & 3rd parties to address and resolve performance concerns/issues
  • Works under management direction when proposing business recommendations to 3rd parties and agents
  • Responsible for achieving results and supporting team members as needed
  • Capable of independent work with management guidance on new and unfamiliar tasks/projects 

    High Level Communication

  • Utilizes strong communication and personal interaction skills to effectively, confidently, knowledgeably and professionally review, discuss and analyze programs with internal and external parties  
  • Effectively uses strong communication skills to engage appropriate personnel in the performance of reinsurance and retro accounts
  • Responsible for providing effective communications to reinsurance, retro and 3rd party relationships

    Analytical and Technical Skills

  • Standard knowledge in the use of data sources and applications to conduct research
  • Identifies and resolves basic data or set up issues
  • Ability to analyze data and review analysis prepared by others
  • Performs and evaluates basic trend analysis (e.g., competitor analysis, risk management, financial)
  • Produces consistent, detailed reports of reinsurance, retro & TPA program business results
  • Analyses of profitability of reinsurance, retro & TPA programs 
  • Reviews and makes observations of appropriateness
  • Able to assist in legal, accounting, pricing and underwriting conversations that supports ADS’ business objectives
  • Reviews Participation Programs AOR’s practices to ensure consistency and adherence to policies and procedures
  • Answer technical inquiries, provide resolution guidance and furnish information to the client and/or internal personnel
  • Assist in gathering information/documentation for and providing responses to internal and external auditors, Home Office Legal and Accounting, states and other regulatory authorities

    Job Qualifications

    Knowledge/Skills/Abilities/Experience

    • Intermediate Microsoft Office Suite knowledge
    • Advanced organization skills
    • Ability to interpret complicated situations/issues and take appropriate action(s)
    • Ability to input data into multiple systems across multiple product lines
    • Ability to multi-task in a high pressure, high volume environment
    • Ability to interpret incoming communications
    • Ability to create and send communications to internal and external parties
    • 2 to 3 years of experience in an analyst or equivalent position
    • Bachelor’s Degree

    Level Guide: Please refer to the Allstate Level Guide on MyHR Knowledge

    Regular, predictable attendance is an essential function of this job.


    The candidate(s) offered this position will be required to submit to a background investigation, which includes a drug screen.

    Good Work. Good Life. Good Hands®.

    As a Fortune 100 company and industry leader, we provide a competitive salary – but that’s just the beginning. Our Total Rewards package also offers benefits like tuition assistance, medical and dental insurance, as well as a robust pension and 401(k). Plus, you’ll have access to a wide variety of programs to help you balance your work and personal life -- including a generous paid time off policy.

    Learn more about life at Allstate. Connect with us on Twitter, Facebook, Instagram and LinkedIn or watch a video.



    Allstate generally does not sponsor individuals for employment-based visas for this position.

    Effective July 1, 2014, under Indiana House Enrolled Act (HEA) 1242, it is against public policy of the State of Indiana and a discriminatory practice for an employer to discriminate against a prospective employee on the basis of status as a veteran by refusing to employ an applicant on the basis that they are a veteran of the armed forces of the United States, a member of the Indiana National Guard or a member of a reserve component.

    For jobs in San Francisco, please click 'here' for information regarding the San Francisco Fair Chance Ordinance. 

    For jobs in Los Angeles, please click 'here' for information regarding the Los Angeles Fair Chance Initiative for Hiring Ordinance.

    It is the policy of Allstate to employ the best qualified individuals available for all jobs without regard to race, color, religion, sex, age, national origin, sexual orientation, gender identity/gender expression, disability, and citizenship status as a veteran with a disability or veteran of the Vietnam Era.

  • Requirements

     
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    ADS-Reinsurance Acct-Cons I Apply now