BEATRIZ TAVAREZ
Reinsurance Specialist at Navigators, a brand of The Hartford- Claim this Profile
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Bio
Experience
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Navigators, a brand of The Hartford
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United States
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Insurance
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200 - 300 Employee
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Reinsurance Specialist
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Jan 2019 - Present
• ¬Review, analysis, and processing of Latin American assumed reinsurance accounts. • Calculation and confirmation of processed profit & sliding scale commissions, cash call advances and refunds, and ad hoc special projects. • Request of wire payments for balances due cedents as well as application of cash receipts. • Extensive communication with clients and brokers. • Coordination with claims department on excess and proportional losses and reserves. • ¬Review, analysis, and processing of Latin American assumed reinsurance accounts. • Calculation and confirmation of processed profit & sliding scale commissions, cash call advances and refunds, and ad hoc special projects. • Request of wire payments for balances due cedents as well as application of cash receipts. • Extensive communication with clients and brokers. • Coordination with claims department on excess and proportional losses and reserves.
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Aspen Insurance Group
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Bermuda
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Insurance
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700 & Above Employee
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Credit Control Analyst - Outsourced
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Aug 2016 - Sep 2018
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Reinsurance Accountant
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Jul 2014 - Aug 2016
Reconcile Latin American broker invoices to client detail. Resolve and document premium and loss differences and follow-up on missing information-Notify Claims and/or Underwriting of significant changes to bordereau accounts-Create and maintain accurate account summaries and Subscribe data for each assigned pro-rata account-Work with the Claims department to enter accurate headline loss figures for earnings analysis-Review overdue bordereau accounts in relation to contract terms-Provide quarterly reports to management for loss sensitive accruals on treaty business-Provide meaningful analysis of monthly quarterly results, including significant account activity and trending-Participate in projects to implement enhancements to Subscribe, CODA and reporting systems, including testing of new functionality and verification of accurate and complete financial data-Post, allocate, and track cash received. Resolve payment discrepancies with client, brokers, and Underwriting. Send monthly facultative statements as follow-up on premiums due.Liaison with corporate departments including IT, Underwriting, Claims, Controllers Group, and Operations (UK)-Develop and maintain relationship with brokers/other clients (internal and external)Assist in the design, documentation, and implementation of relevant procedures-Participate with the recommendations of new procedures or revisions to existing procedures to improve efficiencies-Review applicable controls to mitigate any potential for fraud-Participate in operational audits as needed
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Guarantee Insurance Company
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Ft. Lauderdale, FL
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Reinsurance Accountant - Downzied/RIF
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May 2010 - Jul 2012
Responsibilities included analysis, updating and processing of Domestic Workers Compensation claims and accounts; journalizing and entering of WC and ceded reinsurance entries; confirmation and collection of claims balances according to reinsurance contracts/agreements; updating of AS400 system with agreements and insured/reinsured parameters; quarterly reconciliations of accounts against Great Plains accounting system; extensive communication with brokers and cedent companies. Responsibilities included analysis, updating and processing of Domestic Workers Compensation claims and accounts; journalizing and entering of WC and ceded reinsurance entries; confirmation and collection of claims balances according to reinsurance contracts/agreements; updating of AS400 system with agreements and insured/reinsured parameters; quarterly reconciliations of accounts against Great Plains accounting system; extensive communication with brokers and cedent companies.
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Redbridge Re
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Miami, FL
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Claims Assistant
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Jul 2009 - May 2010
Position required review, analysis and processing of Latin American Life and Health reinsurance proportional and excess claims. Confirmation and request of claims balances in keeping with contract stipulations, including netting against reinsurance premiums. Calculation and maintenance of pending and outstanding claims reports. Extensive communication with brokers and cedent companies. Position required review, analysis and processing of Latin American Life and Health reinsurance proportional and excess claims. Confirmation and request of claims balances in keeping with contract stipulations, including netting against reinsurance premiums. Calculation and maintenance of pending and outstanding claims reports. Extensive communication with brokers and cedent companies.
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Odyssey America Reinsurance Company
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Stamford, CT
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Senior Reinsurance Accountant
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Oct 2006 - Jun 2009
Responsibilities encompassed review and processing of domestic reinsurance accounts. Analysis and processing of profit commissions and cash applications. Confirmation and collection of outstanding balances. Calculation of UPR and cash loss advances. Extensive communication with brokers and cedent companies. Responsibilities encompassed review and processing of domestic reinsurance accounts. Analysis and processing of profit commissions and cash applications. Confirmation and collection of outstanding balances. Calculation of UPR and cash loss advances. Extensive communication with brokers and cedent companies.
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International Reinsurance Management
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Miami, FL
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Staff Accountant
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Mar 2001 - Aug 2006
Responsibilities performed on a monthly, timely turn-around consistently for five years ; reconciliation and update of Latin American health and accident reinsurance pools bank accounts, as well as bordereau/policy accounts. Analysis and processing of profit commissions, cash calls and distributions, and processing of management fees and allowance in compliance with underwriting agreements. Confirmation and collection of outstanding balances as well as review and processing of various complicated accounts.
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Signet Star Reinsurance Company
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Miami, FL
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Reinsurance Accountant - Office closed
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Mar 1999 - Mar 2001
Position required review and processing of Latin American proportional reinsurance accounts. Analysis and processing of profit commissions and cash applications. Confirmation and collection of outstanding balances. Position required review and processing of Latin American proportional reinsurance accounts. Analysis and processing of profit commissions and cash applications. Confirmation and collection of outstanding balances.
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Le Mans Re Management
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Miami, FL
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Treaty Accountant - Office closed
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Aug 1998 - Mar 1999
Position required review and processing of Latin American reinsurance accounts for primary reinsurer. Calculation of profit commissions, UPR calculations and cash loss advances. Extensive communication with cedent companies in Latin America. Position required review and processing of Latin American reinsurance accounts for primary reinsurer. Calculation of profit commissions, UPR calculations and cash loss advances. Extensive communication with cedent companies in Latin America.
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J&H Marsh & McLennan, Inc.
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Miami, FL
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Insurance Assistant
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May 1996 - Aug 1998
Position required review and expediting of policies, endorsements, auto id cards and certificates of insurance Position required review and expediting of policies, endorsements, auto id cards and certificates of insurance
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Continental Reinsurance Corp.
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New York, NY
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Treaty Assumed Accounting Lead Account Processor
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Jul 1987 - Dec 1994
Responsibilities included processing of reinsurance accounts, profit commissions, adjustments, cash loss advances and accruals. Responsibilities included processing of reinsurance accounts, profit commissions, adjustments, cash loss advances and accruals.
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Education
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Miami Dade College
Accounting Applications College Credit Certificate, Accounting -
College of Insurance (CUNY)
Non-credit, Reinsurance and Accounting