Reinsurance Claim Specialist

About the role

This position reports to a Manager, Ceded Claims, Reinsurance Services and is responsible for the day-to-day reinsurance claim operations in North America. The role involves primarily proof-billed ceded reinsurance billings, with a requirement for validation of all claims. Timely billings and collections of loss balances are critical, along with providing accurate billing packages, responding to reinsurer and broker queries, resolving disputed claims, and recommending compromised claims to maximize cash flow. The department delivers reliable and cost-effective processing and reporting services to business units and other stakeholders.

Responsibilities

• Ensure claims are reported timely and in accordance with reinsurance contract terms.
• Verify billings are completed timely and accurately.
• Track, monitor, and collect open ceded loss recoverable balances.
• Report accurate status of billings and collections as required.
• Manage SOX functions and audit testing (internal/external).
• Support Chubb business units and interact with brokers/reinsurers.
• Proactively identify issues and recommend effective solutions.
• Provide assistance with the monthly close process.

Qualifications

• Strong writing and verbal communication skills.
• Excel skills and proficiency in all Microsoft applications (Word, Access, PowerPoint, etc.).
• Strong aptitude for math.
• Ability to collaborate with other units within the department, the company, and reinsurance partners.

About Us

Chubb is a world leader in insurance, with operations in 54 countries. The company provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance, and life insurance to a diverse group of clients. Chubb is distinguished by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength, underwriting excellence, superior claims handling expertise, and local operations globally.