Claims Representative, Senior Claims Representative, Claims Specialist – Assumed Reinsurance

Role Overview

• Reviews assumed reinsurance claims comprised primarily of asbestos, environmental, and other long-tail claims.
• Ensures that reinsurance claim cessions are within applicable contract requirements.
• Verifies coverage and cession amounts, and requests information from ceding companies to evaluate claim cessions.
• Prepares claim summaries on billed claims, posts claim reserves and prepares support for claim payments.
• Identifies potential claims issues and makes recommendations to management regarding claim disposition.
• Communicates reinsurance coverage positions as directed by management.
• Alerts management of substantial losses.
• Assists management with the preparation of summaries on significant losses for monthly reports to senior management.
• Documents and maintains records of loss submissions, reserves, queries, and payments.
• Ensure reinsurance claim transactions are recorded in a timely and accurate manner.
• Participates in reinsurance projects as needed.
• Provides guidance and assistance to other functional areas.
• Performs other duties as assigned.

Requirements

• Bachelor’s degree or equivalent experience.
• 0-10 years of reinsurance claims experience.
• Some knowledge of reinsurance is preferred.
• Proficiency in Microsoft365 suite of products, specifically Excel.
• Familiarity with reinsurance contracts is a plus.
• Professional writing and oral communication skills.
• Ability to manage and prioritize concurrent assignments and responsibilities.

Benefits

• medical, dental, and vision coverage
• wellness plans
• parental leave
• adoption assistance
• tuition reimbursement
• Paid Time Off
• paid holidays
• 401(k) plan with company match
• employee stock purchase plan
• commuter benefits