Wise F&I is a leading provider of automotive finance and insurance (F&I) administration services, delivering innovative protection solutions including Vehicle Service Contracts (VSC), Appearance Protection, TireWheel Protection, Key Replacement, GAP, and Theft Deterrent products. Our programs are backed by highly rated insurance carriers (A- or better) and supported by decades of industry expertise.
With more than 30 years of continuous success in the automotive F&I industry, Wise F&I has built strong partnerships with insurance professionals, national lenders, and automotive dealerships across the country. As we continue our rapid growth, we're seeking talented professionals who want to make a meaningful impact in a dynamic and evolving business.
The Reinsurance Specialist plays a key role in supporting the Director of Profit Participation Programs and helping manage the Company's growing portfolio of reinsurance and profit-sharing programs. This position offers a unique opportunity to gain exposure to insurance, finance, accounting, and client relationship management while contributing to high-value programs that support our dealer and lender partners.
We're looking for a detail-oriented, analytical professional who thrives in a collaborative environment and enjoys solving problems, building relationships, and continually learning.
What You'll Do-
Support implementation of new treaties and program structures for the Company's various reinsurance programs.
- Coordinate with associated trustees, investment advisors and vendors such as GPW.
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Manage the issuance and/or storage of the monthly reinsurance cession statements and associated trust account statements to all applicable parties.
- Monitor trust balances, surplus positions, and funding requirements pursuant to reinsurance agreement provisions including inactivity and excessive loss experience.
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Reconcile cession and trust account statements so as to ensure accuracy and procedures are being followed.
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Prepare surplus calculations for client reinsurance companies utilizing parameters listed in the reinsurance agreement(s).
- Manage the formation and onboarding of new reinsurance companies.
- Review the quarterly profit share statements for all active Dealers with an eye on non-production and slipping performance. Initiate communication and/or corrective action as needed.
- Manage the onboarding of a Dealer to a profit share program.
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Manage the issuance and delivery of payments to Dealers when due under the profit share agreement(s).
- Assist with maintaining the database of all current reinsurance company partners and any changes or additions to their personnel contacts.
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Participate in all conference calls or meetings with applicable Underwriter(s), Trustee(s) or Vendor(s).
Required Skills / Experience:
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Bachelor's Degree in Accounting, Finance or a related major.
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Willingness and desire to ask questions and learn.
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2-4 years experience providing administrative support to insurance or reinsurance operations.
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Proven analytical and critical thinking skills.
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Aptitude for training and teaching.
Comprehensive Benefits:
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Competitive salary wage (40 hrs/week)
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Annual Performance Evaluation w/ Compensation Review
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Bright, Modern Work Spaces
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9 Paid Holidays (per year)
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Paid Vacation Days
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401K Retirement Plan (100% company match up to 4% of income w/ immediate vesting)
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Insurance - paid benefits include Health, AD&D, Life and L/T Disability
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Voluntary benefits include Dental, Vision, Life and S/T Disability
Convenient suburban location near intersection of I-270 and I-44 in southwest St. Louis County. We are an Equal Opportunity Employer.
