Ceded Facultative Reinsurance Premium & Claims Director

CNA

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profile Job Location:

Chicago, IL - USA

profile Yearly Salary: $ 97000 - 189000
Posted on: 30+ days ago
Vacancies: 1 Vacancy

Job Summary

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.

Leads and direct the ceded reinsurance premium and claims teams by driving operational excellence. This role partners with external markets in a strategic way for both premium payment and claims issues including resolution of challenging inquiries and collection of claims. The position works closely with other business units within the company including Corporate Accounting Claims Underwriting and Business Solutions.

JOB DESCRIPTION:

Essential Duties & Responsibilities:

Performs a combination of duties in accordance with departmental guidelines:

Directs the work activities and has full management responsibility for the performance and development of subordinate staff in accordance with corporate strategic direction and business objectives. Ensures timely and accurate handling of premium payments each facultative certificate or endorsement collaborate with other areas as needed for accruals or other financial requirements. Provides management direction for ceded reinsurance claims collection and settlements at all levels and works closely with senior management to deliver business results.

Develops and implements operating plans for enhancing the business and meeting strategic objectives. Develops and implements policies and procedures within Ceded Re Claims. Directs project teams and is responsible for outcomes attributable to special projects and presentations within his/her managerial organization. Identifies training and performance issues and works with staff to increase performance levels and resolve outstanding issues.

Leads efforts with direct claims to ensure timely identification of potential recoverables and timely and accurate billing. Communicates with reinsurers and intermediaries to facilitate the collection process and resolve the most complex issues.

May perform additional duties as assigned.

Reporting Relationship:

AVP or above.

Skills Knowledge & Abilities:

1. Ability to effectively lead and motivate reinsurance staff.

2. Excellent interpersonal and communication skills. Ability to effectively interact with all levels of CNAs internal and external business partners.

3. Strong negotiating skills required to negotiate settlements that meet both quantitative and good business reasons for settlement.

4. Strong technical knowledge of reinsurance claims processing and resolution and knowledge of insurance and claims principles practices and procedures.

5. Excellent analytical and problem solving skills with the ability to manage multiple tasks.

6. Ability to deal with ambiguous situations and issues.

7. Ability to exercise independent judgement and effectively resolve ceded reinsurance issues.

8. Knowledge of Microsoft Office Suite and other business-related software.

Education and Experience:

Masters degree or equivalent experience. Typically a minimum of 10 years of claims accounting or reinsurance experience. Applicable professional designations or related coursework preferred.

#LI-ES1

#LI-hybrid

In certain jurisdictions CNA is legally required to include a reasonable estimate of the compensation for this District of Columbia California Colorado Connecticut Illinois Maryland Massachusetts New York and Washington the national base pay range for this job level is $97000 to $189000 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:

Director

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.Leads and direct...
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About Company

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CNA provides insurance solutions to more than 1 million businesses and professionals worldwide. With more than 100 years of industry experience, CNA has earned a reputation as one of the most trusted commercial insurance companies in the business. We’re a powerful legacy built on expe ... View more

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