Financial Analyst III

Posted 10/5/2026 Leaves the board today
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Job Title: Financial Analyst III
Number of Positions: 1
Contract: 9 months
Hours: Flexible, 8-4, 8:30-4:30, 9-5PM
Site/Location:  Wellesley Hills, MA 02481 - Hybrid, 3 days onsite per week
Rate: 55/hr

Role Overview

  • Senior contributor within client's Group Reinsurance Administration team
  • Supports Stop-Loss Captive reinsurance programs
  • Splits responsibilities between:
    • Monthly captive reporting, accruals, submissions, and source file preparation
    • Process improvement and workflow optimization for the Excess Reinsurance team, including automation and AI-enabled enhancements
  • Ensures accurate, timely reporting in accordance with governing treaties
  • Collaborates with internal partners, Reinsurance Accounting, Finance, Actuarial, EBG, Stop-Loss
  • Collaborates with external stakeholders, reinsurers, captive managers

Key Responsibilities

Monthly Captive Reporting, First 10 Business Days

  • Prepare monthly stop-loss captive reporting, including internal accruals and external submissions
  • Manage assigned source files, primarily the captive policy list, during the first five business days of each month
  • Apply treaty rules and business logic to validate and reconcile data
  • Produce submission reporting by treaty year once financial close is complete
  • Follow established checklists and documentation to ensure accuracy and compliance

Process Improvement & Excess Reinsurance Support, Second Half of Month

  • Partner with the Excess Reinsurance manager to evaluate highly manual workflows and identify opportunities for automation, streamlining, or offloading to India Operations
  • Review and improve existing documentation, currently 80+ pages, to ensure clarity, accuracy, and usability
  • Use AI tools, Copilot, Claude, to brainstorm, prototype, and test workflow improvements
  • Support Data Iku migration efforts as the team transitions away from Access databases
  • Recommend and help implement redesigned workflows that reduce manual effort and improve turnaround times

Critical Must-Have Skills

  • 5-8 years of insurance experience in a finance/actuarial/accounting/operations role, Reinsurance Operations/Administration role experience
  • Advanced Excel proficiency, including complex formulas, large datasets, multi-tab workbooks, and strong troubleshooting skills
  • Solid understanding of reinsurance concepts, including group ceded reinsurance structures such as coinsurance and YRT
  • Ability to interpret reinsurance treaties and clearly understand the obligations and requirements of both the ceding company and reinsurers
  • Demonstrated ability to work effectively with large datasets, including leveraging automation or AI tools to improve efficiency
  • Comfort using AI tools, Copilot, Claude, to streamline processes, build prompts, and support workflow redesign

Required Soft Skills

  • Highly organized with exceptional attention to detail and a strong focus on accuracy, with the ability to see the big picture
  • Strong analytical mindset with ability to see the big picture and underlying drivers
  • Confident, inquisitive, and comfortable asking questions and offering process feedback
  • Must be able to work independently with minimal direction
  • Strong written communication skills required
  • Ability to communicate in a clear and concise manner with foreign reinsurers, captive managers and client management
  • Team-oriented, patient, and collaborative, fits well within a supportive, high-performing group

Nice-to-Have Skills

  • Experience with Employee Benefits Group products, Life, Disability, Health, Stop-Loss
  • Familiarity with Data Iku, SQL, Python, or R
  • Background in medical stop-loss, group benefits, supplemental health, or ceded reinsurance
  • Actuarial student background or actuarial-style analytical mindset

Education

  • Bachelor's Degree in Finance, Business, Actuarial Science or Mathematics

Additional Role Details

  • Position: 1
  • Work Arrangement: Hybrid, 3 days onsite per week
  • Work Hours: Flexible, 8-4, 8:30-4:30, 9-5
  • Reason for Opening: Backfill
  • Max Bill Rate: USD $81.06/hr
  • Location: Wellesley Hills, MA 02481
  • Alternate: Hartford, CT 06103
  • Start Date: October 26, 2026
  • End Date: 9 months from start date
  • Extension/Conversion: Possible, based on business needs
Preferred Industry Background
  • Medical Stop-Loss
  • Group Benefits, Life, Disability
  • Supplemental Health
  • Reinsurance, ceded, group, or stop-loss
  • Candidates from P&C or investment backgrounds may struggle due to different cash-flow structures

Top Performer Profile

  • Advanced Excel mastery
  • Strong analytical mindset, actuarial-type thinking is a plus
  • Ability to troubleshoot discrepancies independently
  • AI fluency, prompting, automation, workflow optimization
  • Balance of big-picture thinking and detail orientation
  • Confidence, curiosity, and willingness to ask questions
  • Team-oriented mindset and patience

Reporting Structure & Team

  • Reports to Augusta Van Tongeren
  • Team size: 2 senior analysts, after one retirement
  • Highly collaborative, supportive culture with bi-weekly huddles

Target Companies for Sourcing

  • Stop-Loss / Health / Group Benefits carriers:
    • Cigna
    • Prudential
    • UnitedHealth
    • Highmark
    • Berkley
  • Reinsurance organizations:
    • RGA
    • Gen Re
    • Munich Re
    • Swiss Re
  • Client experience is a bonus