Specialty Operations Finance Voluntary Reinsurance Administration Consultant - Remote

At Allstate, great things happen when our people work together to protect families and their belongings from life’s uncertainties. And for more than 90 years our innovative drive has kept us a step ahead of our customers’ evolving needs. From advocating for seat belts, air bags and graduated driving laws, to being an industry leader in pricing sophistication, telematics, and, more recently, device and identity protection. 

Job Description

Responsible for executing the day to day activities of the team. Manage their assignments based on prioritization and direction, raising issues as appropriate. The Consultant II can have a diverse responsibility, they are expected to perform thorough analysis, responsible for moderately complex tasks, and is expected to work independently with minimum guidance. The Consultant II will support the Voluntary Reinsurance Administration and Run-off Property-Liability segment Controller teams in successfully conducting analysis, facilitating communication, and recording financial results effectively. This role supports the achievement of business objectives with minimal guidance, proactively anticipates issues, assessing their impact, and recommending and successfully executing effective solutions.

Key Responsibilities

• Respond to and/or coordinate internal and external inquiries and/or requests
• Review claims to ensure accuracy of reinsurance cessions
• Prepare quarterly and annual statutory and/or GAAP financial statements and schedules
• Calculate, record, bill and collect/pay reinsurance recoveries, premium, adjustments, accruals
• Implement within the Organization the results achieved through either settlements or formal rulings
• Coordinate Communications between all impacted parties as relates to reinsurance disputes
• Work collaboratively within the team and across business units
• Participate in and initiate process improvement projects
• Comply with all reporting requirements as it relates to liquidations
• Identify financially troubled companies that reinsured Allstate
• Administer reinsurance contracts, including calculation of recoverables and application of contract terms
• Secure, monitor, and manage reinsurance collateral requirements
• Record, analyze, and reconcile reinsurance financial transactions

Education

• 4 year Bachelors Degree (Preferred)
• Finance, Accounting, insurance, reinsurance

Experience

• 2 or more years of experience (Preferred)
• General knowledge of insurance, reinsurance, corporate finance, and accounting concepts including Statutory, GAAP, and Schedule F (Preferred)

Supervisory Responsibilities

• This job does not have supervisory duties.

Skills

Finance, Financial Analysis, Generally Accepted Accounting Principles (GAAP), Process Improvements, Reinsurance, Reinsurance Administration

Compensation

Compensation offered for this role is $57,500.00 - 100,212.50 annually and is based on experience and qualifications.

The candidate(s) offered this position will be required to submit to a background investigation.

Joining our team isn’t just a job — it’s an opportunity. One that takes your skills and pushes them to the next level. One that encourages you to challenge the status quo. And one where you can impact the future for the greater good.  

You’ll do all this in a flexible environment that embraces connection and belonging. And with the recognition of several inclusivity and diversity awards, we’ve proven that Allstate empowers everyone to lead, drive change and give back where they work and live. 

Good Hands. Greater Together.

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.

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