Job Details
Senior Reinsurance Claims Specialist
Reinsurance Claim Specialist, Ceded Reinsurance Claims (23RSSC)
Reporting to a Manager of Reinsurance Claims, this position is responsible for the day to day reinsurance run-off claim operations and complex accounts in North America. Responsible for multiple processes, the operations of the unit are directly accountable for ceded loss cessions for Workers Compensation business. The ceded reinsurance billings are primarily proof billed but validation of all claims is required. Timely billings and collections of loss 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