Assumed Reinsurance Asbestos Claims Representative/Senior Representative

Responsibilities

• Reviews assumed reinsurance claims comprised primarily of asbestos, environmental, and other long-tail claims.
• Ensures that reinsurance claim cessions are within applicable contract requirements.
• Verifies coverage and cession amounts, and requests information from ceding companies to evaluate claim cessions.
• Prepares claim summaries on billed claims, posts claim reserves and prepares support for claim payments.
• Identifies potential claims issues and makes recommendations to management regarding claim disposition.
• Communicates reinsurance coverage positions as directed by management.
• Alerts management of substantial losses.
• Affords assistance to management with the preparation of summaries on significant losses for monthly reports to senior management.
• Documents and maintains records of loss submissions, reserves, queries, and payments.
• Surety reinsurance claim transactions are recorded in a timely and accurate manner.
• Participates in reinsurance projects as needed.
• Provides guidance and assistance to other functional areas.

Qualifications

• Bachelor’s degree or equivalent experience.
• Experience: 0-10 years of reinsurance claims experience. Some knowledge of reinsurance is preferred.
• Proficiency in Microsoft365 suite of products, specifically Excel.
• Familiarity with reinsurance contracts is a plus.
• Professional writing and oral communication skills.
• Ability to manage and prioritize concurrent assignments and responsibilities.

Pay

Salary Range: $69,000.00 - $105,000.00

Benefits

• Competitive benefits packages for full-time and part-time employees.
• Medical, dental, and vision coverage.
• Wellness plans.
• Parental leave, adoption assistance, and tuition reimbursement.
• Paid Time Off and paid holidays.
• 401(k) plan with company match.
• Employee stock purchase plan.
• Commuter benefits.