Business Operations Analyst - 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.

Qualifications:

• 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, PivotTables, and complex formulas; experience with macros (VBA) is a plus.

• Communication and human relations skills to effectively interact with internal and external stakeholders.

• Organizational skills and the ability to adapt to changing priorities in a fast-paced service environment while ensuring service standards are met.

• Strong technical acumen with the ability to quickly learn and effectively utilize systems and tools, including financial and reinsurance administration systems, data and analytics tools, and emerging technologies such as AI.

• Professional curiosity – willingness to challenge procedures appropriately and suggest more effective alternatives.

• Ability to work independently and as part of a team.

Preferred Qualifications:

• Knowledge of Securian Financial products, riders and benefits.

• Knowledge to interpret each treaty/contract to process business within contract parameters.

• Knowledge of reinsurance administration systems and processes.

Securian Financial believes in hybrid work as an integral part of our culture. Associates get the benefit of working both virtually and in our offices. If you’re within a commutable distance (90 minutes), you’ll join us 3 days each week in our offices to collaborate and build relationships. Our policy allows flexibility for the reality of business and personal schedules.

Preferred Skills: Accurate Reporting, Client Issue Resolution, Data Integrity, Detail-Oriented, Proactive Thinking, Problem Solving, Researching, Task Organization

The estimated base pay range for this job is: $48,200.00 - $91,000.00

Pay may vary depending on job-related factors and individual experience, skills, knowledge, etc. More information on base pay and incentive pay (if applicable) can be discussed with a member of the Securian Financial Talent Acquisition team.

Be you. With us. At Securian Financial, we understand that attracting top talent means offering more than just a job – it means providing a rewarding and fulfilling career. As a valued member of our high-performing team, we want you to connect with your work, your relationships and your community. Enjoy our comprehensive range of benefits designed to enhance your professional growth, well-being and work-life balance, including the advantages listed here:

Paid time off:

• We want you to take time off for what matters most to you. Our PTO program provides flexibility for associates to take meaningful time away from work to relax, recharge and spend time doing what’s important to them. And Securian Financial rewards associates for their service by providing additional PTO the longer you stay at Securian.

• Leave programs: Securian’s flexible leave programs allow time off from work for parental leave, caregiver leave for family members, bereavement and military leave.

• Holidays: Securian provides nine company paid holidays.

Company-funded pension plan and a 401(k) retirement plan: Share in the success of our company. Securian’s 401(k) company contribution is tied to our performance up to 10 percent of eligible earnings, with a target of 5 percent. The amount is based on company results compared to goals related to earnings, sales and service.

Health insurance: From the first day of employment, associates and their eligible family members – including spouses, domestic partners and children – are eligible for medical, dental and vision coverage.

Volunteer time: We know the importance of community. Through company-sponsored events, volunteer paid time off, a dollar-for-dollar matching gift program and more, we encourage you to support organizations important to you.

Associate Resource Groups: Build connections, be yourself and develop meaningful relationships at work through associate-led ARGs. Dedicated groups focus on a variety of interests and affinities, including:

• Environmental Health & Sustainability

• Mental Wellness and Disability

• Pride at Securian Financial

• Securian Young Professionals Network

• Securian Multicultural Network

• Securian Women and Allies Network

• Servicemember Associate Resource Group

For more information regarding Securian’s benefits, please review our Benefits page.

This information is not intended to explain all the provisions of coverage available under these plans. In all cases, the plan document dictates coverage and provisions.

Securian Financial Group, Inc. does not discriminate based on race, color, religion, national origin, sex, gender, gender identity, sexual orientation, age, marital or familial status, pregnancy, disability, genetic information, political affiliation, veteran status, status in regard to public assistance or any other protected status. If you are a job seeker with a disability and require an accommodation to apply for one of our jobs, please contact us by email at Employment@Securian.com, by telephone 651-655-5522 (voice), or 711 (Relay/TTY).

Securian Financial is a drug-free workplace.

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