Data Analyst, Reinsurance Administration

Reinsurance Group of America, Incorporated

  • Mumbai, Maharashtra
  • Permanent
  • Full-time
  • 22 days ago
Position Overview The role is part of core Operational function of the organization, involved in handling and processing large volumes of data from clients in RGA systems. The role will provide information & reporting to downstream stakeholders to help them meet their requirements. High adherence to SOPs is required, to ensure the department is able to meet it's overall goals. The incumbent will be required to work within small teams and use tools & techniques to analyze information, report on trends and resolve discrepancies. Responsibilities Key Stakeholders (Internal & External): RGA Finance RGA Valuations RGA Pricing / Actuarial RGA Operations Department (Includes claims and underwriting) External-Appropriate contacts at client insurance companies Key Responsibilities: Collect and analyze business needs from users; provide lead role for the team and contribute to effective planning and implementation of identified projects. Support the process to ensure reinsurance data is received from the client as per agreed timelines, is reconciled with accurate premiums paid for by clients and accurate claims paid to clients & as per treaty terms. Maintain premium and claims data by uploading it to RGA system. Share the data with key stakeholder's as per their requirements. Support, develop and maintain specialized applications; be an active member and participate in setting data management, data quality and performance goals for the company. Identify the areas of improvements in the processes followed by the Reinsurance Administration team and implement best practices. Develop, maintain and improve data validation processes to ensure the accuracy & quality of client data, including quality assurance and automated testing & validation. Maintain documentation on the processes that map client data to the common formats ensuring consistency across clients and Reinsurance Administration systems. Support the Manager Reinsurance with data compliance requirements & documentation of operations procedures to adhere to SOX process controls and regulatory requirements. Act as backup for the Manager - Reinsurance Administration (peer level) Requirements Education and Experience: University Bachelor's or Master's degree in computer science, Information Technology or Software Engineering 2-4 years of work experience in Life Insurance Industry. candidates with Reinsurance Experience are highly preferred Entry level candidates will be considered; motivation to learn and help develop office operations is key Skills and Abilities: Keen sense of data management Knowledge in SQL and/or PL/SQL and eagerness to learn and manage large relational databases. At ease in managing large Microsoft Excel files, scripting, validation and automation. Creativity and keen interest in business process automation and Visual Basic Macro development Client focused and self-starter, driven in pursuit of targets. Interest in the insurance industry Ability to work well within a team environment and participate in department/team projects. Autonomy, accuracy, attention to details Ability to cope with competing demands and to prioritize tasks. A positive attitude to dealing with people, shares openly and willingly, demonstrates accountability. Ability to gather proper information and demand training when needed Company Overview Reinsurance Group of America, Incorporated (NYSE: RGA) is a global industry leader specializing in life and health reinsurance and financial solutions that help clients effectively manage risk and optimize capital. Founded in 1973, RGA celebrates its 50th anniversary in 2023. Over the past five decades, RGA has become one of the world's largest and most respected reinsurers and is guided by a fundamental purpose: to make financial protection accessible to all. RGA has been named to Fortune magazine's 2023 list of the World's Most Admired Companies, an acknowledgement that reflects our legacy of innovation, dedicated client focus, community responsibility, commitment to diversity, and long-term value creation. RGA serves clients and partners in key markets around the world and has approximately $3.3 trillion of life reinsurance in force and assets of $82.7 billion as of September 30, 2022. To learn more about RGA and its businesses, visit www.rgare.com

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