Johnny Sanichar

About Johnny Sanichar

Highly accomplished Manager of Facultative Reinsurance with over 15 years of experience in reinsurance accounting, financial analysis, and team leadership. Proven track record of managing complex facultative and quota share reinsurance processes, including the recovery of over $2 billion in facultative reinsurance recoverables. Expertise in analyzing reinsurance contracts, ensuring compliance with financial reporting standards, and driving operational efficiency through collaboration with IT and Operations teams. Adept at leading cross-functional teams, enhancing system processes, and providing actionable insights to senior management. Committed to delivering results, improving cash flow, and ensuring the accuracy of financial statements in dynamic and high-performing environments.

Experience

1. Manager - Facultative Reinsurance

   Starr

   Jan 2016 — Present · New York, NY, US

   Lead a team responsible for collecting over $2 billion in facultative reinsurance recoverables, ensuring compliance with contract terms and timely resolution of claims.• Supervise the analysis, collection, and management of facultative reinsurance recoverables, enhancing operational efficiency and financial accuracy.• Collaborate with IT and Operations to review and correct ceded records, including limits, coverages, and retentions, improving accuracy in financial reporting.• Assist in the preparation and distribution of business development reports to support system enhancements and senior management decision-making.• Partner with claims managers and TPAs to gather documentation and evidence for broker and reinsurer submissions, ensuring timely recoverables.• Manage reviews of incurred-to-date reports with large datasets, ensuring facultative certification accuracy for claims exceeding $10 billion gross incurred.• Oversee cash applications for facultative and quota share contracts, ensuring proper premium and loss allocation to general ledger accounts.• Coordinate the quarterly settlement of quota share accounts, providing detailed premium and loss reconciliations to brokers and reinsurers.• Process cash calls for large losses exceeding $250K, tracking payments and ensuring credits are properly applied to reinsurer accounts.• Provide regular updates to management on collections, recoverables, and key internal and external issues, driving resolution.• Prepare and analyze Schedule F of the annual statement to ensure accurate reporting of reinsurance transactions, supporting regulatory compliance and demonstrating robust risk management practices.

Education

• Rutgers University

  Bachelors of Science, Finance

  2000 — 2005

Skills

• Oracle
• Accounting
• Budgets
• Life Insurance
• Finance
• Peoplesoft
• Account Reconciliation
• Microsoft Office
• General Ledger
• Management
• Auditing
• Risk Management
• Sap
• Variance Analysis
• Invoicing
• Analysis
• Financial Risk
• Reinsurance
• Financial Analysis
• Analytical Skills
• Consolidation
• Sarbanes-Oxley Act
• Insurance
• Accounts Payable
• Portfolio Management
• Financial Reporting
• Forecasting
• Tax
• Underwriting
• Financial Statements