Supervisor - Quality Control, Contracts & Underwriting Support
Company: Transatlantic Reinsurance Company
Location: Miami
Posted on: March 14, 2025
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Job Description:
TITLE: Supervisor - Quality Control, Contracts & Underwriting
SupportJOB DUTIES: Responsible for reviewing and analyzing each
underwriting decision made for Facultative and Treaty Reinsurance
offerings in multiple lines of business. Must evaluate if the
underwriting terms and conditions accepted for all lines of
business were in accordance with established guidelines. Ensure the
terms and conditions accepted by the subscribers are in compliance
with internal company's guidelines. Ensure contracts are legally
binding (for all lines of business and for all countries with the
Latin America & Caribbean Division) and are within the company's
risk appetite to ensure profitability. Analyze statistical data and
verify and audit a wide range of documentation (for both
Facultative and Treaty contracts, across all lines of business) to
ensure that the information captured in the company's local systems
are in accordance with negotiated terms. Responsible for auditing
all premium calculations in TIRS (Internal System) to detect
possible accounting errors as follows: Installment due dates; Value
of Total Premiums; Discrepancies in amounts received; Total Income
values; Total deductions registered in the system according to
final terms accepted. Verify underwriter submissions and internal
controls of complex reinsurance business and their results. Update
underwriting information and generate reports that allow management
to monitor the status of the negotiation process and forecast
budget results/adjustments necessary. Work very closely with the
SVP & Chief Underwriting Officer and other departments to provide
Monthly and Quarterly statistical reports quantifying numbers of
issues, process weaknesses and inefficiencies from underwriting
area. Conduct reinsurance risk assessments and discuss potential
compliance issues with management, Underwriters and QC team
members. Provide leadership and direction to USU staff on special
projects and/or processes. Set clear goals and monitor staff's
process toward those goals. Provide ongoing feedback to
staff.REQUIREMENTS: Bachelor's degree in Insurance, Actuary Science
or US equivalent and one (1) year of experience in the job or as
Reinsurance Underwriting Supervisor, Quality Control Supervisor, or
closely related occupation within the reinsurance industry in Latin
America. Alternatively, employer will accept at least three (3)
years of experience in the above stated occupation(s) within the
industry/region. Must have experience verifying a wide range of
Facultative/Treaty documentation, and working knowledge of
reinsurance underwriting concepts, practices, procedures and
techniques, executing operational audits of various lines of
business using audit methodology, and verifying underwriter
submissions and internal controls of complex reinsurance business
and their results. Must have experience applying reinsurance risk
assessment skills, quality control concepts and market knowledge
within the industry to interpret and apply regulations pertaining
to corporate compliance requirements, as well as utilizing the
following reporting systems/tools and specialized software: AIR,
RMS, GRM, Excess of Loss Pricing tools, Integrated Property Pricing
system.Hours/Week: 40 hours - (Mon/Fri) // 9:00am - 5:00pmJob
Location: 600 Brickell Avenue, Suite 2900, Miami, FL 33126(Must
reference job title and location in subject line).
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Keywords: Transatlantic Reinsurance Company, Miami , Supervisor - Quality Control, Contracts & Underwriting Support, Accounting, Auditing , Miami, Florida
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