Ceded Reinsurance Claims Analyst

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The Ceded Reinsurance Claims Analyst position is part of our Corporate Reinsurance organization CNAs reinsurance operations group specifically situated within the Treaty Administration Team.

Under broad supervision analyzes reconciles pays premium and compiles bordereaux under a variety of reinsurance treaties that relate to various underlying books of insurance policies. These treaties pull data from several underwriting and accounting systems for which the candidate needs solid data management Microsoft Excel financial reconciliation and/or accounting skills. Reconciles and processes reinsurance premium.

JOB DESCRIPTION:

Essential Duties & Responsibilities

Performs a combination of duties in accordance with departmental guidelines:

• Works on ceded reinsurance premiums under treaties for payment of outstanding ceded payables due reinsurer markets.

• Researches interprets and analyzes specific facts and applies insurance and reinsurance concepts to understand coverage and liability issues.

• Assists with the recovery of the balances of reinsurance treaty accounts by communicating with reinsurer/brokers for payment.

• Assists with monitoring errors and aging of outstanding reinsurance balances. Recommends corrective action with internal business partners to resolve anomalies.

• Supports treaty team with clearing sub-ledger payable and receivable balances.

• Contributes to making recommendations for process improvements on reinsurance treaty accounts.

• Completes quarterly SOX requirements on all treaty program process flows.

• Assists with claim audit preparation as required by internal audit guidelines.

• Monitors activity in multiple reinsurance e-mail boxes to ensure prompt response times to internal and external partners

• Analyzes data prepares and presents reports to management

May perform additional duties as assigned.

Reporting Relationship

Manager or above

Skills Knowledge & Abilities

• Knowledge of insurance/reinsurance accounting principles practices and procedures.

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

• Ability to work independently.

• Good analytical and problem solving skills.

• Ability to exercise independent judgement and effectively resolve reinsurance issues.

• Knowledge of Microsoft Office Suite as well as other business-related software.

Education & Experience

• Bachelors degree in accounting or finance preferred.

• Typically a minimum one to two years in accounting or insurance experience.

• Reinsurance experience a plus.

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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 $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.

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