Business Operations Specialist - Reinsurance Administration

Overview: The Reinsurance Center of Excellence (RCOE) is responsible for the administration of Securian’s enterprise reinsurance program across all solution groups, including Employee Benefits Solutions (EBS), Individual, and Affinity. The Reinsurance Administration team is responsible for the transfer of risk between Securian and our reinsurance partners in accordance with reinsurance treaties. The Business Operations Analyst plays a key role in supporting reinsurance administration by interpreting reinsurance agreements, configuring reinsurance systems and reporting tools, validating reinsurance reports, and ensuring the timely remittance and reimbursement of funds per the terms of the agreements.

The Business Operations Analyst also contributes to continuous improvement efforts by identifying opportunities to optimize processes, improve data quality, and leverage tools and technologies to increase efficiency and scalability. This position provides exposure across multiple solution groups and offers the opportunity to build a broad foundation in reinsurance operations while developing analytical and problem-solving capabilities.
Summary: The Business Operations Analyst supports the administration of Securian Financial Group’s enterprise reinsurance programs by performing key operational and analytical functions across multiple solution groups. This role is responsible for interpreting reinsurance agreements, configuring and maintaining system data, validating premium and claims reporting, and ensuring accurate and timely financial settlements with reinsurance partners. It combines execution of core administrative processes with analytical review to identify discrepancies, drive issue resolution, and maintain data integrity.

In addition, the Business Operations Analyst contributes to continuous improvement efforts by identifying opportunities to optimize processes, improve data quality, and leverage tools and technologies to improve efficiency and support scalable operations.
Responsibilities include but not limited to:

• Understand reinsured products and processes for each solution group, interpret reinsurance treaties for each reinsurer, and apply procedures required to administer reinsurance agreements in accordance with treaty terms.
• Perform, review, and approve monthly and quarterly reinsurance administrative functions including premium remittance processes, claims reimbursement processes, and net settlement processes across all solution groups.
• Compute, review, and configure operational data factors for reinsurance system generated premium calculations.
• Proactively identify, communicate, and drive resolution of discrepancies and deviations from expected trends. Engage internal and external stakeholders to achieve timely and effective resolution.
• Support the quarterly financial reporting process, ensuring accuracy and timeliness in a deadline-driven environment.
• Actively participate in continuous improvement initiatives by identifying and recommending procedural improvements to enhance cost effectiveness, quality, and service. Provide project support as needed; the scope of projects will vary based on department needs.
• Compile, analyze, and audit data to prepare periodic analyses of reinsurance information for audits and ad hoc reporting requests.
• Ensure Securian Financial’s professional and positive reputation is upheld with internal and external stakeholders through efficient service, proactive communication, and accurate reporting.
• Support other reinsurance administration processes and functions as needed.

• Analytical and problem-solving skills to interpret contract/treaty provisions and ensure administration is aligned with reinsurance agreements.
• Personal accountability to meet deadlines, advance professional development, and continuously improve individual and team performance.
• Proactive ownership of issues, with a demonstrated ability to drive resolution by coordinating across stakeholders and ensuring accountability.
• Proficiency in Excel, including XLOOKUP, SUMIFS, Pivot Tables, and complex formulas; experience with macros (VBA) is a plus.
• Communication and human relations…