Job Details
Reinsurance Claims Specialist
Senior Reinsurance Claims Specialist, Ceded Reinsurance Claims
Reporting to AVP Ceded Claims, Reinsurance Services, this position is responsible for the day to day reinsurance run-off claim operations and complex accounts in North America. Independently responsible for multiple processes to accurately notice, bill and collect reinsurance. The ceded reinsurance billings are primarily proof billed but validation of all claims is required. Timely billings and collections of balances are a key element of the work. Provide accurate and complete billing packages; respond to reinsure and broker queries, resolve disputed claims and provide recommendations on compromised claims with a view to maximizes cash flow. The department provides business units and other constituencies with reliable and cost effective processing and reporting services. Other critical functions include a focus on process improvements, efficiencies and staff development.
Key Responsibilities:
- Ensure claims are reported timely and in accordance with the reinsurance contract terms
- Verify billings are completed timely and accurately
- Track, Monitor and Collect open ceded loss recoverable balances
- Report accurate status of billings and collections as required
- Manage SOX functions and audit testing (Internal/External)
- Support Chubb business units and interact with brokers/
- Proactively identify issues and recommend effective solutions
- Provide assistance with the monthly close process
- Assist in various training needs of the unit