Associate Reinsurance Administration Specialist - Lynchburg, United States - Genworth

Genworth Lynchburg, United States

3 weeks ago

Description

At Genworth, we empower families to navigate the aging journey with confidence. We are compassionate, experienced allies for those navigating care with guidance, products, and services that meet families where they are. Further, we are the spouses, children, siblings, friends, and neighbors of those that need careand we bring those experiences with us to work in serving our millions of policyholders each day.

We apply that same compassion and empathy as we work with each other and our local communities. Genworth values all perspectives, characteristics, and experiences so that employees can bring their full, authentic selves to work to help each other and our company succeed. We celebrate our diversity and understand that being intentional about inclusion is the only way to create a sense of belonging for all associates. We also invest in the vitality of our local communities through grants from the Genworth Foundation, event sponsorships, and employee volunteerism.

Our four values guide our strategy, our decisions, and our interactions:

Make it human. We care about the people that make up our customers, colleagues, and communities.
Make it about others. We do what's best for our customers and collaborate to drive progress.
Make it happen. We work with intention toward a common purpose and forge ways forward together.
Make it better. We create fulfilling purpose-driven careers by learning from the world and each other.

POSITION TITLE

Associate Reinsurance Administration Specialist

POSITION LOCATION

Lynchburg, VA

YOUR ROLE

As an Associate Reinsurance Administration Specialist, you will be responsible for the management of the Life business administered in the Tindall Associates Incorporated (TAI) system. You will support the Life Reinsurance Administration Specialist and Reinsurance Administration Leader in the daily processing of updates to existing policies with the goal of owning this process. Updates are needed to policies passed from direct systems (Cyberlife, Lifecomm, and Life 70) with changes that the TAI system cannot automatically process. Additionally, you will provide support to more senior members of the department on a variety of new implementations and other projects. Finally, you will develop and maintain the relationships with our external Reinsurance partners.

What you will be doing

Directly support Life Administration Leader in daily updates to reinsurance processing on TAI system
Develop skill sets within the reinsurance department to obtain holistic view of the reinsurance process, including development and maintenance of new and existing treaties
Act in the role of quality control of daily processing, audit findings and system changes
Improve and automate existing manual processes
Work directly with internal and external business partners on issues or questions as they relate to the administration and reporting of Life reinsurance
Act as a liaison to effectively communicate changes to all key parties within the Reinsurance department
Develop and maintain record keeping of large amounts of data
Prepare responses to audit requests, process accounting journal entries (premiums and claims), create year-end schedules and financial and regulatory reports
Perform other duties as they are defined that includes supporting multiple functions and processes within the Life Reinsurance Administration department

What you bring

0-2 years of experience
Bachelors Degree or equivalent experience with Mathematics, Programming or Business
High attention to detail
Strong written and verbal communication skills
Effective relationship building and collaboration skills
Strong organizational skills
The ability to adapt quickly in a fast-paced work environment

Nice to Have

Bachelors Degree
Experience with TAI software
Prior reinsurance experience
Experience with Excel or similar tools to manage large amounts of data

Employee Benefits & Well-Being

Genworth employees make a difference in peoples lives every day. Were committed to making a difference in our employees lives.

Competitive Compensation & Total Rewards Incentives
Comprehensive Healthcare Coverage
Multiple 401(k) Savings Plan Options
Auto Enrollment in Employer-Directed Retirement Account Feature (100% employer-funded)
Generous Paid Time Off Including 12 Paid Holidays, Volunteer Time Off and Paid Family Leave
Disability, Life, and Long Term Care Insurance
Tuition Reimbursement, Student Loan Repayment and Training & Certification Support
Wellness support including gym membership reimbursement and Employee Assistance Program resources (work/life support, financial & legal management)
Caregiver and Mental Health Support Services

ADDITIONAL

At this time, Genworth will not sponsor a new applicant for employment authorization for this position
No agencies please

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