Financial Analyst III

Job Title: Financial Analyst III

Location: Wellesley Hills, Massachusetts

Country: United States

Category: Business Analyst

Workplace

Location

Onsite

Employment Type: Contract

Posted Date: October 5, 2026

Job ID: 652643

Job Description

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

• EEO Statement

• The staffing industry has seen an increase in people falsely representing themselves as recruiters to gather personal information from job seekers. For your safety, do not provide sensitive data to anyone you have not spoken with thoroughly, never provide banking information during the application process, and always double check the email address of the Recruiter to ensure it’s from an official Planet domain and not a domain with an alternative extension like .net, .org, or .jobs.

• The Planet Group and our companies are equal opportunity employers. It is our practice not to discriminate against any employee or applicant based on any criteria, condition or basis protected by laws or regulations in the locations where we do business. All qualified applicants are encouraged to apply. We celebrate diversity and are committed to providing an environment of mutual respect. If you have a disability or handicap and would like us to accommodate you in any reasonable way, please inform your recruiter, or contact us, so that we can discuss the appropriate alternatives available.