Account Executive - Commercial Lines
HUB International
Ceded Reinsurance Claims Operations Specialist
Everest
full-time
Posted on:
Origin: • 🇺🇸 United States • Illinois
Visit company websiteSalary
💰 $88,000 - $125,000 per year
Job Level
Mid-LevelSenior
About the role
- Serve as a Point of Contact within Ceded Reinsurance for Everest Insurance Claim Department for all Lines of Business.
- Create and maintain timely claim identification and diary reports for workflow management.
- Create and issue reinsurance loss notices per reinsurance treaty and facultative contract terms.
- Respond to reinsurance inquiries in a timely and professional manner.
- Assist the Company claim professionals understand reinsurance structures and net exposure for losses.
- Develop and maintain external relationships with reinsurers and brokers.
- Work with Accounting/Finance to ensure premium and loss information is accurately captured in order to process reinsurance.
- Collaborate and support Placement team by executing on the contract requirements, updates and internal reporting.
- Facilitate annual audits – both underwriting and claims, setting up access to auditors, trouble-shooting IT issues and arranging / participating in wrap up meetings.
- Develop working knowledge of internal data systems.
- Review existing processes and procedures and makes recommendations to enhance efficiencies.
- Flag issues and escalate urgent matters to management.
- Handle various projects as assigned.
Requirements
- 5-7 years of reinsurance, reinsurance claims or reinsurance operations experience.
- Ability to read and understand US and global reinsurance contracts and calculate reinsurance based on contract terms.
- Excellent oral and written communication skills.
- Strong analytical and organizational skills.
- Knowledge of the insurance industry, claims, reinsurance and the legal and regulatory environment.
- Basic understanding of insurance policies, coverage issues for property, casualty and specialty lines of business.
- Experience with MS Office products, including Excel with some level of proficiency including VLUPs and pivots and formulas.
- Collaborative mind-set and willingness to work with people outside immediate reporting hierarchy to improve processes and generate optimal departmental efficiency.
