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SalaryOur flexible, hybrid work model offers the option to work remotely or in the office.
How you’ll contribute:
As the Director of Reinsurance Administration, you’ll be responsible for overseeing Brighthouse Financial’s Life and Annuities ceded Reinsurance Administration. This includes review and approval of weekly and monthly settlement statements, premiums and claims calculations, reconciliations and reporting, and managing reinsurer relationships. Also, responding to ad hoc requests, and advising on system projects. Focus is on YRT and Quota Share arrangements. We are looking for candidates that have a great interest in administering complex reinsurance contracts, and a strong understanding of Life and Annuity insurance and reinsurance business and products.
In this role, you’ll get to:
Lead a team of reinsurance analysts in fulfilling the administration requirements of the company’s ceded reinsurance portfolio
Subject matter expert for insurance/reinsurance Life and Annuity contracts
Interpretation and implementation of new treaty Reinsurance Administration in compliance with reinsurance contracts
Ownership of Reinsurance Administration systems and data
Collaborate with the various departments, not limited to client services, product development, administration, Finance, Legal, IT and actuarial
Lead various reinsurance/corporate initiatives including the upgrade of reinsurance systems, applicable system conversions and process improvement initiatives
Supervisory Responsibilities:
People management responsibilities, including reinsurance finance professionals performing daily work, reviews, training and guidance to staff as needed
We’re looking for people who have:
BS/BA in Business Administration or Accounting
10 or more years experience in administration and/or financial accounting and reporting
Strong Life/Annuity insurance/reinsurance experience
Keen interest in the interpretation and application of reinsurance contracts and administration
Experience leading critical initiatives, including project development, identifying needed resources and key milestones, and effectively monitoring progress to conclusion
Ability to handle multiple tasks and tight deadlines
Independent thinking and creative problem solving skills
Strong leadership skills and ability to effectively communicate conclusions
Ability to obtain support from various teams without direct authority
Excellent oral, written and interpersonal communication skills
Ability to work effectively as part of a team as well as independently
Highly proficient in Excel
Preferred Competencies, Qualifications and Skills:
Knowledge of statutory accounting & reporting
Completion of, or working towards CPA, MBA or CMA highly desired
Working knowledge of SAP General Ledger
Research shows some people may not apply for a role if they don’t check all the boxes of a job description. If you don’t check every box listed, that’s okay. We would love to hear from you.
What you’ll receive:
Compensation – Base salary ranging from $140,000 - $160,000 plus competitive performance-based incentives determined by company and individual results.
Flexible Work Environmen t – Work remotely or in the office to better thrive in all areas of life.
Paid Time Off – Recharge with a minimum of 20 days of paid time off and 16 paid company holidays per calendar year plus paid volunteer time and paid study time.
Financial Health – Work toward achieving your financial goals through our 401(k) savings plan with company match (up to 6%) and annual company nondiscretionary contribution (3%), 15% employee stock purchase plan discount, and financial counseling services.
Health and Wellness – Enjoy competitive medical, vision, and dental plans plus tax-free health savings accounts with potential company contributions up to $1,000 per family.
Family Support – Care for loved ones with up to 16 weeks of paid leave for new parents, back-up dependent care, dependent care flexible spending account, and up to a $25,000 lifetime maximum during your adoption, infertility, or surrogacy journey.
Life and Disability Support – Gain access to company-paid basic life insurance and short-term disability insurance.
The company and your department may occasionally gather in person throughout the year to foster a culture of belonging and promote team building. We’d love for you to join us during those company-wide and department-wide events to help you strengthen connections across the company.
Why join us?
Brighthouse Financial is on a mission to help people achieve financial security. Our company is one of the largest providers of annuities and life insurance in the U.S.,* and we specialize in products designed to help people protect what they’ve earned and ensure it lasts.
We empower employees to collaborate, bring their passion to work, and make an impact. Our inclusive work environment fosters a culture that celebrates diverse backgrounds and experiences. You can find out more about our company culture by visiting brighthousefinancial.com/about-us/careers/.
We’re proud to be a Fortune® 500 company** and recognized as one of the Healthiest Employers of Greater Charlotte by the Charlotte Business Journal. We’re also honored to be named to Newsweek’s list of Most Trustworthy Companies in America.
- Ranked by 2022 admitted assets. Best’s Review®: Top 200 U.S. Life/Health Insurers. AM Best, 2023.
