About this opportunity
Pekin Insurance lists this Reinsurance Program Lead opportunity in pekin, Illinois. Review the employer’s description below for duties, qualifications and application requirements.
Job description
Looking for more than just a job? You've found it.
At Pekin Insurance, you're not a number-you're part of something bigger. For over 100 years, we've built a community where people are valued, supported, and empowered to grow. Here, you'll find a workplace where collaboration is real, ideas are welcome, and the work you do truly matters. We're proud to help people through life's toughest moments-and it's our people who make that possible.
From day one, you'll be encouraged to bring your whole self to work, take on meaningful challenges, and grow in ways that matter to you.Learn more about Pekin Insurance Here!
Position Overview
The Reinsurance Program Lead is responsible for overseeing the company's reinsurance operations, accounting, and administration while supporting the execution of the organization's reinsurance program. This role ensures the accurate administration of reinsurance contracts, timely financial reporting, recoverables management, and compliance with contractual, regulatory, and accounting requirements. Working closely with Finance, Underwriting, Claims, Actuarial, and external brokers and reinsurers, the Reinsurance Program Lead provides operational and financial support that enables the effective execution of the company's reinsurance strategy.
Essential Job Functions
Manages the day-to-day administration of treaty and facultative reinsurance programs, ensuring accurate implementation of contract terms
Oversees reinsurance accounting activities, including ceded premium and loss reporting, recoverables, settlements, and account reconciliations
Ensures timely and accurate reporting to reinsurers, brokers, auditors, and regulatory agencies
Monitors reinsurance recoverables and collaborates with Claims and Finance to facilitate timely collections and resolve outstanding balances
Coordinates reinsurance renewal activities by preparing data, financial analyses, and supporting documentation for management, brokers, and reinsurers
Reviews reinsurance contracts to ensure operational processes align with contract provisions and identify potential issues requiring resolution
Partners with Underwriting, Actuarial, Finance, and Claims to support the administration and financial reporting of the reinsurance program
Maintains accurate reinsurance records and documentation, ensuring compliance with internal controls, accounting standards, and regulatory requirements
Supports internal and external audits by providing requested documentation, reconciliations, and analysis
Prepares recurring management reports and analyses related to ceded results, recoverables, treaty activity, and operational performance
Identifies opportunities to improve reinsurance processes, controls, reporting, and system efficiency
Performs other duties as assigned
Education & Experience
Required Bachelor's degree in Insurance, Finance, Risk Management, Mathematics, or related field
Typically requires 7+ years of progressive reinsurance or insurance experience
Preferred or Specialized N/A
Certifications & Licenses CPCU, ARe, or FCAS/ASAS designations preferred
Knowledge, Skills & Abilities
Demonstrated ability to: influence executive-level decision-making
communicate effectively in both oral and written form
handle difficult and stressful situations with professional composure
analyze, organize, and prioritize work while meeting multiple deadlines
organize and reason in a logical manner
Demonstrated skill in: leadership, analytical, and communication
negotiating with reinsurers and brokers
managing one's own time and working independently
customer service
Demonstrated knowledge of: capital modeling and enterprise risk management
property & casualty insurance operations
reinsurance accounting and regulatory reporting
treaty structures, facultative placements, and catastrophe management
Microsoft Office software
Applicants must be authorized to work in the U.S. without sponsorship now or in the future.
Pay Range : $108,000 - 148,000
This range is based on the expected level of experience and skills for this position. Final compensation will depend on individual
Benefits: Health, Dental and Vision Insurance
Generous 401(k) with company match
Paid Time Off (PTO) with Paid Holidays
Flexible/Hybrid Work Schedule
Paid Volunteer Program
For more information about the benefits we offer, please visit our Careers Page.
Equal Opportunity Employer
This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.
Worksite address
pekin, IL, 61558, US
Who can apply
Review the original listing for work authorization, qualifications and employer requirements.