Assumed Reinsurance Claims Analyst [or Complex]

Description

Summary

Reporting to a Manager, Assumed Claims this role handles assumed claims, including identification of coverage and liability issues, claim evaluation, establishment of adequate reserves, and transaction processing

Essential Functions

• Handles moderate to high volume of low to moderately complex assumed claims effectively.
• Directly handles and / or assists in monitoring, reviewing, and coordinating the activities involving assumed reinsurance claims, including analysis of reinsurance contracts, and underlying direct coverage issues, establishment of adequate reserves, payment as appropriate and the resolution and closure of claims.
• Operates effectively in Company and Departmental systems.
• Operates independently with moderate management oversight of day-to-day functions.
• Coordinates and manages workload so day to day claim handling functions remain prioritized.
• Provides recommendations on reserves and payments.
• Interacts with cedants and brokers in the investigation of assumed claims.
• Participates in settlement negotiations in coordination with management.
• Prepares written reports as necessary.
• Assists in reporting to retrocessionaires and supporting the Reinsurance Department's collections.
• Serves on Companywide committees and projects as assigned.
• Works to continuously improve RiverStone's business processes / systems.
• Consistently delivers superior customer service to both internal and external business partners.
• Maintains confidentiality.

Required Skills

Organizational

Experience

Assumed and / or direct claims handling, legal or financial services experience preferred.

Required Education

Four-year college degree required or equivalent work experience.

Preferred Education or Certification

JD, CPCU, SCLA, CCLA

Supervisory Role

Schedule, assign, and review the work of others in compliance with specific instructions.

Travel

As required, based upon business needs.

Work Environment / Physical Demands

This position operates in a professional, collaborative environment and must have the ability to timely produce thorough, accurate work with many competing demands, deadlines, and distractions. The position uses standard equipment such as phones, computers, copiers / printers and filing cabinets. Noise level is moderate.

Other Duties (Disclaimer Statement) : RiverStone retains the right to change or assign other duties to this position as needed, OR Other duties or responsibilities may change or be assigned as needed.

Core Competencies

32.) Learning on the Fly : Learns quickly when facing new problems; a relentless and versatile learner; open to change; analyzes both successes and failures for clues to improvement; experiments and will try anything to find solutions; enjoys the challenge of unfamiliar tasks; quickly grasps the essence and the underlying structure of anything.

51.) Problem Solving : Uses rigorous logic and methods to solve difficult problems with effective solutions; probes all fruitful sources for answers; can see hidden problems; is excellent at honest analysis; looks beyond the obvious and doesn't stop at the first answers.

52.) Process Management : Good at figuring out the processes necessary to get things done; knows how to organize people and activities; understands how to separate and combine tasks into efficient flow; knows what to measure and how to measure it; can see opportunities for synergy and integration where others can't; can simplify complex processes; gets more out of fewer resources.

56.) Sizing Up People : Is a good judge of talent; after reasonable exposure, can articulate the strengths and limitations of people inside or outside the organization; can accurately project what people are likely to do across a variety of situations.

22.) Ethics and Values : Adheres to anappropriate( for the setting) and effective set of core values and beliefs during both good and bad times; acts in line with those values; rewards the right values and disapproves of others; practices what he / she preaches.

Diversity, Equity, Inclusion & Belonging

RiverStone Resources, LLC is an equal opportunity employer, and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, LGBTQ+, national origin, gender identity, disability, protected veteran status, or any other characteristic protected by law.

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