Reinsurance Claims Analyst
Reinsurance Claims Analyst
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$ 47000 - 78000
1 Vacancy
Job Description
You have a clear vision of where your career can go. And we have the leadership to help you get there.At CNA we strive to create a culture in which people know they matter and are part of something important ensuring the abilities of all employees are used to their fullest potential.
Job SummaryUnder broad supervision investigates analyzes and processes ceded and assumed reinsurance claims. Works within specific limits of authority. Utilizing policies and guidelines reviews treaties determines liability and compensability secures information determines amount due notifies counterparts and pursues collections in accordance with applicable reinsurance contract terms and conditions.
In this role the ideal candidate will exhibit a broad understanding of reinsurance principles along with strong data management Microsoft excel and financial reconciliation skills. This role works closely with other internal business units including Reinsurance Accounting Claims and Actuarial as well as external service providers.
JOB DESCRIPTION:
Essential Duties & Responsibilities
Performs a combination of duties in accordance with departmental guidelines:
claims eligible for reinsurance through analysis of direct claims activities monitoring large loss notices and interfacing with direct claims areas.
2. Works on ceded reinsurance claims under Treaties and/or Facultative certificates for recovery of outstanding ceded balances due the company.
3. Analyzes and processes complicated domestic and International Reinsurance assumed treaty accounts. Reviews accounts for profit commissions & retrospective premium adjustments. Calculates unearned premium and confirms that claims adhere to full treaty terms and conditions.
4. Researches interprets and analyzes specific facts and applies insurance and reinsurance concepts to understand coverage and liability issues.
5. Pursues recovery of the balances of reinsurance claims/accounts by influencing reinsurer explaining coverage and liabilities and gaining support for position.
6. Monitors aging of outstanding ceded balances and initiates action to ensure payment on timely basis.
7. May make recommendations on ceded reinsurance claims policy and processes.
8. May provide guidance and assistance to less experienced reinsurance claims staff and other functional areas.
Reporting Relationship
Manager or above
Skills Knowledge and Abilities
1. Knowledge of insurance and claims principles practices and procedures.
2. Good interpersonal and communication skills. Ability to effectively interact with all levels of CNAs internal and external business partners.
3. Ability to work independently.
4. Strong analytical and problem solving skills.
5. Ability to exercise independent judgement and effectively resolve ceded reinsurance issues.
6. Strong knowledge of Microsoft Office Suite as well as other businessrelated software.
Education and Experience
1. Bachelors degree. Some related course work towards professional designation desirable.
2. Typically a minimum one to two years claims experience.
#LIMR1
#LIHYBRID
In certain jurisdictions CNA is legally required to include a reasonable estimate of the compensation for this role. In District of Columbia California Colorado Connecticut Illinois Maryland Massachusetts New York and Washington the national base pay range for this job level is $47000 to $78000 determinations are based on various factors including but not limited to relevant work experience skills certifications and location. CNA offers a comprehensive and competitive benefits package to help our employees and their family members achieve their physical financial emotional and social wellbeing goals. For a detailed look at CNAs benefits please visit.
CNA is committed to providing reasonable accommodations to qualified individuals with disabilities in the recruitment process. To request an accommodation please contact.
Required Experience:
IC
Employment Type
Full-Time
