Reinsurance Specialist II
Reinsurance Specialist II
Employer Active
Job Alert
You will be updated with latest job alerts via email
Share
Job Alert
You will be updated with latest job alerts via email
Not Disclosed
Salary Not Disclosed
1 Vacancy
Job Description
Reporting to an AVP of Ceded Claims in Reinsurance Services this position is responsible for the collection of ceded recoverable as assigned. Analyst will be responsible for collecting ceded recoverable balances; verifying that billing packages are accurate and complete; follow up for receipt by the direct market/broker; respond to reinsure and broker queries; resolve disputed claims and provide recommendations on claims that may require a compromise with a view to maximizes cash flow.
Key Responsibilities
- Diary billings for receipt by reinsurers on a timely basis
- Organize and prioritize collection balances by age and size
- Monitor and manage query mailbox and distribute incoming workflow appropriately
- Follow up on collection of balances on regular basis
- Resolve issued as presented by reinsurers/brokers
- Report collections accurately to senior management on a regular basis
- Elevate claims as needed for management intervention
- Proactively identify issues and recommend effective solutions
- Develop strategies for collections at both a market level as well as a claim level
- Assist with the monthly close process
- Work with accounting to ensure accurate and timely cash application
- Attend monthly broker/ market senior management and team collections meeting to discuss open balances and strategies
Qualifications
- Excellent written and verbal communication skills
- Excellent Excel skills
- Proficient in all Microsoft applications (Word Access PowerPoint etc.)
- Demonstrate ability to collaborate with other units within the department the company and reinsurance partners.
Required Experience:
Unclear Seniority
Employment Type
Full-Time
