Reinsurance Specialist

Reinsurance Specialist

This role is responsible for managing reinsurance claims and collections within Reinsurance Finance and reports to the Head of Reinsurance Claims and Collections. The individual should have solid claim and ceded reinsurance experience for all insurance lines. The candidate should also possess claim and ceded reinsurance experience managing, collecting and reporting on environmental, toxic tort, sexual molestation, and various other latency injury type claims.

Specific areas of responsibility include but are not limited to :

• Manage ceded reinsurance claims associated with unique reinsurance placements related to all reinsurance types for legacy and current business including captive programs.
• Monitor the sub-ledger and various reports to ensure claim and account queries from internal / external customers are promptly and properly addressed.
• Develop and maintain strong working relationships with reinsurers, brokers, intercompany departments, and vendors to resolve claim and collection concerns related to all lines of business.
• Investigate / research requests or questions from internal / external customers.
• Prioritize and collaborate with colleagues on various projects and initiatives.
• Provide guidance and recommendations on process improvements and transformation initiatives.
• Work with analytical teams (Actuarial, Accounting, IAG, etc.) to provide critical financial and claim data.
• Assist with the analysis, review and resolution of aged receivables impacting Schedule F and bad debt.
• Work with Reinsurance Finance staff and Collections management teams to conduct research into reinsurance recoverables and contribute towards completion of periodic reporting.
• Drive and enhance the collection of reinsurance recoverables.
• Participate and manage underwriting, financial and claim related audits.

Required Skills :