Reinsurance Claims Assistant Manager

At AIG we are reimagining the way we help customers to manage risk. Join us as a Reinsurance Claims - Assistant Manager to play your part in that transformation. Its an opportunity to grow your skills and experience as a valued member of the team.

Make your mark in Claims

Our Claims team are the proven problem solvers of choice for clients delivering consistent technical excellence and showcasing our service differentiation to create an unparalleled global claims handling experience. Through a robust stakeholder feedback loop and supported by consistent processes and leadership we take pride in delivering responsive fair and professional service with empathy and efficiency.

How you will create an impact
As an Assistant Manager in the Reinsurance claims department you will have the unique opportunity to work with some of the industrys top talent in Reinsurance Claims. You will be responsible for managing staff handling assumed reinsurance claims involving complex and high exposure risks across various lines of business both domestic and international.

This role is responsible for managing staff handling assumed reinsurance claims. This role ensures compliance with the terms and conditions under the reinsurance contracts. The Assistant Manager interacts with clients vendors cedant reinsurers and retrocessionaires. Reports financial transactions loss exposures and reserving to various departments and senior management. Additional responsibilities:

• Confirms that assumed claim staff appropriately determine the applicability of the reinsurance treaty facultative certificate retrocessional or insurance contract to the loss presented to AIG.
• Consults with assumed claim staff to analyze and develop loss information to formulate and establish timely and accurate reserves.
• Ensure assumed claims staff investigates evaluates (reserves rights if applicable) and negotiates coverage issues with client companies as may be required under the reinsurance treaty or facultative certificate.
• Effectively implements litigation management controls to anycircumstance as warranted.
• Validates the accuracy of billings and cash calls promoting prompt payment issuance and collections while maintaining accurate reserves and alerting the involved business unit of issues as they arise.
• Provides performance management to assumed claims staff including coaching feedback and development.
• Actively participates as a member of the Reinsurance Team in identifying emerging trends and assumed claim exposures.
• Provides support for mediations arbitrations and court hearings involving reinsurance and insurance contracts as necessary.
• Participates in claim reviews and compliance audits for ceding companies/third-party administrators/self-administered cedants in respect of assumed reinsurance exposures.
• Work closely with financial controls unit internal and external audit on reinsurance

What youll need to succeed

• 5 years of relevant experience in an insurance/reinsurance company.
• Ceded or assumed reinsurance experience.
• Reinsurance Claims or Accounting experience.
• Management experience preferred.
• Associate Degree or Bachelors in Accounting or Finance (ARe AIC other designations a plus).
• Knowledge of reinsurance including underwriting claims accounting finance and associated process controls and systems.
• Experience with reinsurance operations and finance.
• Understanding of accounting principles and practices the insurance/reinsurance markets and the analysis and reporting of financial data.
• Strong technical skills in Microsoft Excel Power Point and Word (Access a plus).
• Demonstrated verbal and written communication skills.
• Negotiation analytical decision making problem resolution and organizational skills.
• Process transformation and control improvement experience is a definite plus

Ready to take your career to the next level We would love to hear from you.

Compensation for this position includes base salary and eligibility for a bonus in accordance with the terms of the applicable incentive addition were proud to offer a range of competitive benefits a summary of which can be viewed here: US Benefits Overview.

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At AIG we value in-person collaboration as a vital part of our culture which is why we ask our team members to be primarily in the office. This approach helps us work together effectively and create a supportive connected environment for our team and clients alike.

Enjoy benefits that take care of what matters

At AIG our people are our greatest asset. We know how important it is to protect and invest in whats most important to you. That is why we created our Total Rewards Program a comprehensive benefits package that extends beyond time spent at work to offer benefits focused on your health wellbeing and financial securityas well as your professional developmentto bring peace of mind to you and your family.

Reimagining insurance to make a bigger difference to the world

American International Group Inc. (AIG) is a global leader in commercial and personal insurance solutions; we are one of the worlds most far-reaching property casualty networks. It is an exciting time to join us across our operations we are thinking in new and innovative ways to deliver ever-better solutions to our customers. At AIG you can go further to support individuals businesses and communities helping them to manage risk respond to times of uncertainty and discover new potential. We invest in our largest asset our people through continuous learning and development in a culture that celebrates everyone for who they are and what they want to become.

Welcome to a culture of inclusion

Were committed to creating a culture that truly respects and celebrates each others talents backgrounds cultures opinions and goals. We foster a culture of inclusion and belonging through learning cultural awareness activities and Employee Resource Groups (ERGs). With global chapters ERGs are a cornerstone for our culture of inclusion. The talent of our people is one of AIGs greatest assets and we are honored that our drive for positive change has been recognized by numerous recent awards and accreditations.

AIG provides equal opportunity to all qualified individuals regardless of race color religion age gender gender expression national origin veteran status disability or any other legally protected categories.

AIG is committed to working with and providing reasonable accommodations to job applicants and employees with disabilities. If you believe you need a reasonable accommodation please send an email to .