Title: Reinsurance Analyst - Spinnaker

Location: Bedminster, NJ / Dallas, TX

Reports To: Reinsurance Accounting Manager

About Spinnaker:

Spinnaker is a national property and casualty insurance company rated A- VIII by A.M., that is a wholly owned and independently operated subsidiary of Hippo Insurance. With the capability to offer admitted and surplus lines insurance products in 51 states and jurisdictions, Spinnaker partners with program administrators and managing general agents to offer strategic insurance solutions. We target innovative product market leaders across both personal and commercial lines, specialty lines, and traditional and non-standard fronting opportunities.

About You:

You will support our reinsurance operations across all existing and new programs. You will work closely with our underwriting team, brokers, and reinsurers to ensure that contracts are set-up appropriately (both manually and in systems) and all aspects of reinsurance accounting operations are being performed; this includes monthly settlements for pro-rata/quota share treaties, deposit premiums and recoveries for various XOL structures, other adjustments occurring throughout the year, and collateral maintenance.  While performing the day-to-day function, you will be continuing to build out the department’s processes, procedures, and overall operating cadence. 

What You’ll Do:

• Analyze & process complex monthly/quarterly treaty reinsurance accounts:
  • Reconcile broker invoices to supporting documentation
  • Thoroughly review premium & loss bordereaux to ensure compliance with treaty terms & to identify catastrophe or large loss activity
• Prepare cash disbursements for assigned brokers. Document and resolve any account issues.
• Provide ongoing reporting on reinsurance recoverable and payables
• Confirm and process adjustable features on contingent and sliding scale commissions as well as retrospectively rated premium adjustments
• Analyze and process intercompany QS accounts
• Review new and existing contracts and ensure they are established and set-up appropriately in the Company’s systems and processes
• Prepare collateral calculation Quarterly for senior management
• Track and maintain collateral obligations across all reinsurance relationships
• Support implementation and maintenance of the new Ceded Re system when required
• Work closely with other Reinsurance Accounting team members, and members of Actuarial, Underwriting and Claims departments
• Work on Ad-Hoc project as assigned by top management

Must Haves:

• Minimum 1 - 3 years in related accounting or operational roles.
• Bachelor’s Degree in Accounting or Finance.
• Exceptional analytical and problem-solving skills with the ability to draw conclusions from research
• Strong attention to detail and ability to effectively prioritize multiple tasks to meet critical deadlines
• In-depth knowledge of treaty reinsurance accounting concepts plus
• Highly motivated, strong ability to take initiative, and strong sense of ownership
• Excellent organizational and time management skills
• Strong interpersonal, written, and verbal communication skills
• Ability to work both independently and as part of a team with individuals at all levels
• Ability to work in a fast-paced environment
• Microsoft Excel – proficient in pivot table & v-lookup functionality

Benefits and Perks:

Hippo treats its team members with the same level of dedication and care as we do our customers, which is why we’re fortunate to provide all of our Hippos with:

• Healthy Hippos Benefits - 100% Employer paid medical, dental & vision plan options for our team members AND their families (yes, you read that correctly). As well as 401(k), long & short-term disability, employer-paid life insurance, flexible spending accounts
  for health and dependent care, and an Employee Assistance Program (EAP)
• Training and Career Growth - Paid training opportunities and countless internal career growth opportunities
• Award-Winning Culture - Recognized by BuiltIn and Inc. Magazine as a top place to work - we value integrity, inclusiveness, empathy, and being proactive and dedicated
• Flexible Time Off - You know when and how you should recharge
• Little Hippos Program - We offer 12 weeks of parental leave for primary and secondary caregivers

Hippo is an equal opportunity employer, and we are committed to building a team culture that celebrates diversity and inclusion.

Hippo’s applicants are considered solely based on their qualifications, without regard to an applicant’s disability or need for accommodation. Any Hippo applicant who requires reasonable accommodations during the application process should contact the Hippo’s People Team to make the need for an accommodation known.

All Hippo employees who are required to report to a Hippo office or voluntarily enter a Hippo office must be fully vaccinated against COVID-19, unless a reasonable accommodation is approved. Employees in Office Based and Hybrid roles are required to report to a Hippo office. Fully vaccinated is defined as 2 weeks after receiving the second dose of a 2 dose vaccine and two weeks after receiving a single dose vaccine. Please acknowledge you have read and understand this requirement.