Reinsurance Operations Analyst

Sun Life U.S. is one of the largest providers of employee and government benefits, helping approximately 50 million Americans access the care and coverage they need. Through employers, industry partners and government programs, Sun Life U.S. offers a portfolio of benefits and services, including dental, vision, disability, absence management, life, supplemental health, medical stop‑loss insurance, and healthcare navigation. We have more than 6,400 employees and associates in our partner dental practices and operate nationwide.

Within group reinsurance administration, you will support Sun Life’s excess reinsurance treaties. You may assist with reporting responsibilities, share knowledge, and enhance procedures and processes using best practices to ensure timely and accurate reporting of values in accordance with governing treaties. The position will support internal customers (e.g., Group Reinsurance Accounting, Finance, Actuarial) as well as external partners, primarily the reinsurers and their representatives.

Additional interactions with the EBG and Stop Loss business areas will occur as needed.

• Must understand reinsurance and how group ceded reinsurance works (including coinsurance and YRT reinsurance).
• Must comprehend reinsurance treaties and requirements from both reinsurers and the ceding company.
• Strong written communication skills. Ability to communicate clearly and concisely.
• Working knowledge of Group (Life, Health) and Stop Loss products.
• Moderate to advanced Excel and Access skills, including Visual Basic and ability to troubleshoot database issues. Python, Tableau or Dataiku a plus.
• Basic accounting and ledger entry skills.
• Well organized with strong attention to detail, yet able to see the bigger picture.
• Demonstrated ability to develop, maintain and enhance process documentation.

• Three to five years of experience in Financial Operations, preferably in Reinsurance Administration or Accounting roles.
• Bachelor’s Degree in Finance, Accounting or Business Administration.

• Prepare and process accrual reporting requirements for submission to Finance on a monthly basis (due by the third business day of each month).
• Prepare monthly results reporting for submission to Finance during the month‑end close cycle.
• Receive data files from Finance, premiums and claims systems to prepare and submit settlement reports to reinsurers. Perform reasonableness checks on period‑to‑period movement. Identify and document reasons for larger fluctuations.
• Ensure premium and claim amounts are accurate and reasonable month to month and quarter to quarter.
• Coordinate and ensure payments to and collections from reinsurers are made timely in accordance with the treaties.
• Act as the Reinsurance Operations backup liaison between reinsurers and Sun Life. Track, research and resolve inquiries made by reinsurers. Work with Group Valuation, Group Systems, Reinsurance Operations Management and Finance to resolve issues.
• Work with Reinsurance Operations Management and other departments as necessary to implement solutions if repeat issues are identified.
• Resolve and respond to inquiries made by Finance. When inquiries come from external reinsurers, collaborate with Reinsurance Operations Management and other departments to implement solutions.

• Participate in the implementation of new reinsurance treaties and treaty amendments as needed.
• Participate in periodic Reinsurance Administration audits, exams and walkthroughs.
• Assist with special projects as time permits.
• Support work requests for bug fixes and systems enhancements.

Salary Range: $63,100 – $94,700. At our company, we are committed to pay transparency and equity. The salary range is competitive nationwide, and we strive to ensure that compensation is fair and equitable. Your actual base salary will be determined based on your unique skills, qualifications, experience, education, and geographic location. In addition to your base salary, this position is eligible for a discretionary annual incentive award based on your individual performance as well as the…