Assumed Reinsurance Complex Claims Analyst
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Job Location:
Manchester, CT - USA
Monthly Salary:
Not Disclosed
Posted on:
30+ days ago
Vacancies:
1 Vacancy
Job Summary
Assumed Reinsurance Complex Claims Analyst
United States East Coast Preferred
Remote
Full-Time
We are a fast-growing global reinsurance speciality company servicing the insurance markets of Lloyds Europe and North America.
Our AVP Technical Claims Manager - Assumed is looking for an experienced Assumed Reinsurance Complex Claims Analyst to handle mid to large complex assumed claims across various disciplines and territories in line with company claims handling guidelines.
United States East Coast Preferred
Remote
Full-Time
We are a fast-growing global reinsurance speciality company servicing the insurance markets of Lloyds Europe and North America.
Our AVP Technical Claims Manager - Assumed is looking for an experienced Assumed Reinsurance Complex Claims Analyst to handle mid to large complex assumed claims across various disciplines and territories in line with company claims handling guidelines.
Key Responsibilities
Proactively handle allocated claims to a high standard including overall assessment of losses and reserves and negotiation with counterparties to achieve timely settlements
Manage mid to large complex and disputed claims
Identify and report new trends or changes in the behavior of claims portfolio
Act as main contact and account manager of all assumed claims made by assigned cedent
Review and conduct analysis of reinsurance contracts. Evaluate coverage and all issues presented in claim cession prepare claim inquiries position letters and settlement agreements with minimal oversight
Conduct on-site and/or virtual claim audits of ceding companies
Identify and deliver opportunities for claims savings
Provide technical assistance in the due diligence process for new acquisitions including the assessment of claims-related risks and opportunities
Understand new accounts upon acquisition deliver against opportunities identified in due diligence
Manage arbitration/litigation and testify on behalf of the company as a witness in arbitration/litigation activity when required
Provide training and technical support to less experienced team members
Master the review and analysis of complex treaty programs and facultative certificates complex coverage and contract issues and an understanding of underlying claims
Manage mid to large complex and disputed claims
Identify and report new trends or changes in the behavior of claims portfolio
Act as main contact and account manager of all assumed claims made by assigned cedent
Review and conduct analysis of reinsurance contracts. Evaluate coverage and all issues presented in claim cession prepare claim inquiries position letters and settlement agreements with minimal oversight
Conduct on-site and/or virtual claim audits of ceding companies
Identify and deliver opportunities for claims savings
Provide technical assistance in the due diligence process for new acquisitions including the assessment of claims-related risks and opportunities
Understand new accounts upon acquisition deliver against opportunities identified in due diligence
Manage arbitration/litigation and testify on behalf of the company as a witness in arbitration/litigation activity when required
Provide training and technical support to less experienced team members
Master the review and analysis of complex treaty programs and facultative certificates complex coverage and contract issues and an understanding of underlying claims
Skills Knowledge and Expertise
Minimum of 5-7 years of handling complex assumed claims and coverage experience preferred.
Experience with either asbestos pollution and/or abuse claims would be highly desirable.
Four-year college degree required or equivalent work experience.
High level of claims handling technical experience and knowledge providing consistently high-quality claims handling.
Knowledge of key terms and conditions in contracts / policies and general knowledge of key legal positions in relevant jurisdictions.
Effective verbal and written communication skills
Understanding of data analysis and trends.
Organizational
Embodiment of Compres Values and demonstration of Compres Commitment.
Ability to develop good working relationships with both internal and external stakeholders.
Consistently acts as a role model to other members of the team.
Coordination and collaboration with colleagues in other departments within Compre.
Progressive and a flexible open-minded approach to change.
Upholds confidentiality in relevant situations in respect to policy and role.
Experience with either asbestos pollution and/or abuse claims would be highly desirable.
Four-year college degree required or equivalent work experience.
High level of claims handling technical experience and knowledge providing consistently high-quality claims handling.
Knowledge of key terms and conditions in contracts / policies and general knowledge of key legal positions in relevant jurisdictions.
Effective verbal and written communication skills
Understanding of data analysis and trends.
Organizational
Embodiment of Compres Values and demonstration of Compres Commitment.
Ability to develop good working relationships with both internal and external stakeholders.
Consistently acts as a role model to other members of the team.
Coordination and collaboration with colleagues in other departments within Compre.
Progressive and a flexible open-minded approach to change.
Upholds confidentiality in relevant situations in respect to policy and role.
Benefits
Make an impact in a collaborative environment with some of the best talent in the industry while enjoying:
Flex First
oEmpowering employees to thrive in any location. Our innovative Flex First approach enables employees to perform to their full potential regardless of their location while fostering a sense of community through regular events and collaboration.
Benefits
oCompetitive salary and bonus eligible
oMedical EAP dental & vision insurance for individuals and families
o401k with Company Match
oCompany Off-Site Meetings
oRemote Worker Expenses
oHealth and Wellbeing Programs
oEmployee Referral Program
Personal Development
oAdvancing your professional development through ongoing learning opportunities.
Time Off
oGenerous vacation and holiday schedule with STD & LTD coverage
Flex First
oEmpowering employees to thrive in any location. Our innovative Flex First approach enables employees to perform to their full potential regardless of their location while fostering a sense of community through regular events and collaboration.
Benefits
oCompetitive salary and bonus eligible
oMedical EAP dental & vision insurance for individuals and families
o401k with Company Match
oCompany Off-Site Meetings
oRemote Worker Expenses
oHealth and Wellbeing Programs
oEmployee Referral Program
Personal Development
oAdvancing your professional development through ongoing learning opportunities.
Time Off
oGenerous vacation and holiday schedule with STD & LTD coverage
Required Experience:
IC
About Company
Compre is a leading global specialty reinsurance business. We provide capital and liability solutions, giving certainty to our clients on their portfolios.
