Job Title: Financial Analyst III
Number of Positions: 1
Contract: 9 months
Hours: Flexible, 8-4, 8:30-4:30, 9-5PM
Site/Location:  Wellesley Hills, MA 02481 - Hybrid, 3 days onsite per week
Rate: 55/hr

Role Overview

• Senior contributor within client's Group Reinsurance Administration team
• Supports Stop-Loss Captive reinsurance programs
• Splits responsibilities between:
  • Monthly captive reporting, accruals, submissions, and source file preparation
  • Process improvement and workflow optimization for the Excess Reinsurance team, including automation and AI-enabled enhancements
• Ensures accurate, timely reporting in accordance with governing treaties
• Collaborates with internal partners, Reinsurance Accounting, Finance, Actuarial, EBG, Stop-Loss
• Collaborates with external stakeholders, reinsurers, captive managers

Key Responsibilities

Monthly Captive Reporting, First 10 Business Days

• Prepare monthly stop-loss captive reporting, including internal accruals and external submissions
• Manage assigned source files, primarily the captive policy list, during the first five business days of each month
• Apply treaty rules and business logic to validate and reconcile data
• Produce submission reporting by treaty year once financial close is complete
• Follow established checklists and documentation to ensure accuracy and compliance

Process Improvement & Excess Reinsurance Support, Second Half of Month

• Partner with the Excess Reinsurance manager to evaluate highly manual workflows and identify opportunities for automation, streamlining, or offloading to India Operations
• Review and improve existing documentation, currently 80+ pages, to ensure clarity, accuracy, and usability
• Use AI tools, Copilot, Claude, to brainstorm, prototype, and test workflow improvements
• Support Data Iku migration efforts as the team transitions away from Access databases
• Recommend and help implement redesigned workflows that reduce manual effort and improve turnaround times

Critical Must-Have Skills

• 5-8 years of insurance experience in a finance/actuarial/accounting/operations role, Reinsurance Operations/Administration role experience
• Advanced Excel proficiency, including complex formulas, large datasets, multi-tab workbooks, and strong troubleshooting skills
• Solid understanding of reinsurance concepts, including group ceded reinsurance structures such as coinsurance and YRT
• Ability to interpret reinsurance treaties and clearly understand the obligations and requirements of both the ceding company and reinsurers
• Demonstrated ability to work effectively with large datasets, including leveraging automation or AI tools to improve efficiency
• Comfort using AI tools, Copilot, Claude, to streamline processes, build prompts, and support workflow redesign

Required Soft Skills

• Highly organized with exceptional attention to detail and a strong focus on accuracy, with the ability to see the big picture
• Strong analytical mindset with ability to see the big picture and underlying drivers
• Confident, inquisitive, and comfortable asking questions and offering process feedback
• Must be able to work independently with minimal direction
• Strong written communication skills required
• Ability to communicate in a clear and concise manner with foreign reinsurers, captive managers and client management
• Team-oriented, patient, and collaborative, fits well within a supportive, high-performing group

Nice-to-Have Skills

• Experience with Employee Benefits Group products, Life, Disability, Health, Stop-Loss
• Familiarity with Data Iku, SQL, Python, or R
• Background in medical stop-loss, group benefits, supplemental health, or ceded reinsurance
• Actuarial student background or actuarial-style analytical mindset

Education

• Bachelor's Degree in Finance, Business, Actuarial Science or Mathematics

Additional Role Details

• Position: 1
• Work Arrangement: Hybrid, 3 days onsite per week
• Work Hours: Flexible, 8-4, 8:30-4:30, 9-5
• Reason for Opening: Backfill
• Max Bill Rate: USD $81.06/hr
• Location: Wellesley Hills, MA 02481
• Alternate: Hartford, CT 06103
• Start Date: October 26, 2026
• End Date: 9 months from start date
• Extension/Conversion: Possible, based on business needs

• Medical Stop-Loss
• Group Benefits, Life, Disability
• Supplemental Health
• Reinsurance, ceded, group, or stop-loss
• Candidates from P&C or investment backgrounds may struggle due to different cash-flow structures

Top Performer Profile

• Advanced Excel mastery
• Strong analytical mindset, actuarial-type thinking is a plus
• Ability to troubleshoot discrepancies independently
• AI fluency, prompting, automation, workflow optimization
• Balance of big-picture thinking and detail orientation
• Confidence, curiosity, and willingness to ask questions
• Team-oriented mindset and patience

Reporting Structure & Team

• Reports to Augusta Van Tongeren
• Team size: 2 senior analysts, after one retirement
• Highly collaborative, supportive culture with bi-weekly huddles

Target Companies for Sourcing

• Stop-Loss / Health / Group Benefits carriers:
  • Cigna
  • Prudential
  • UnitedHealth
  • Highmark
  • Berkley
• Reinsurance organizations:
  • RGA
  • Gen Re
  • Munich Re
  • Swiss Re
• Client experience is a bonus