Reinsurance Claims Manager-USA-EX
About the role
Starr Insurance is a leading global insurance and reinsurance company dedicated to providing innovative solutions to our clients. We are seeking an experienced and dynamic Director of Reinsurance Claims to join our team and lead our reinsurance claims department. This role offers an exciting opportunity to oversee large loss reporting, reinsurance reporting, claims audits by reinsurers, TPA & direct data quality, monthly and quarterly reporting, production, and review of bordereaux reporting, and manage a small staff across multiple locations.
Key Responsibilities
Large Loss Reporting: Oversee the identification and reporting of large losses to reinsurers. Collaborate with the claims team to ensure accurate and timely reporting. Calculate nets to the company and monitor large loss settlements and recoveries.
Reinsurance Reporting: Manage the preparation and submission of reinsurance reports to reinsurers. Ensure compliance with reinsurance agreements and reporting requirements. Work closely with the finance team to reconcile reinsurance accounts.
Claims Audits by Reinsurers: Coordinate and facilitate reinsurer audits of claims data and processes. Address audit findings and implement corrective actions as needed. Maintain strong relationships with reinsurers to promote transparency and collaboration.
TPA & Direct Data Quality: Oversee the quality and accuracy of data provided by third-party administrators (TPAs) and in-house adjustors. Implement data validation and reconciliation processes. Work with TPAs and Starr Claim Managers to resolve data discrepancies.
Monthly and Quarterly Reporting: Lead the preparation of monthly and quarterly reports on claims performance. Provide insights and analysis on claims trends and metrics. Ensure timely and accurate reporting to senior management and reinsurers.
Production and Review of Bordereaux Reporting: Manage the production of bordereaux reports for reinsurers. Conduct thorough reviews to ensure accuracy and completeness. Address any discrepancies or issues with reinsurers.
Team Management: Build and lead a high-performing claims team across multiple locations. Provide coaching, mentorship, and professional development opportunities to team members. Set performance goals and conduct regular performance evaluations.
Qualifications
Bachelor's degree in a related field; advanced degree or relevant certifications (e.g., CPCU, ARe) preferred.
Extensive experience (10+ years) in reinsurance claims management, with a deep understanding of large loss reporting, reinsurance reporting, and audits.
Strong knowledge of reinsurance agreements, terms, and conditions.
Excellent analytical and problem-solving skills.
Effective leadership and team management abilities.
Exceptional communication and interpersonal skills.
Proficiency in reinsurance software and reporting tools.
Ability to manage multiple priorities and meet deadlines.
Starr
Starr is an equal opportunity employer, which means we'll consider all suitably qualified applicants regardless of gender identity or expression, ethnic origin, nationality, religion or beliefs, age, sexual orientation, disability status or any other protected characteristic. We recruit and develop our people based on merit and we're committed to creating an inclusive environment for all employees. We offer first class training and development opportunities to all employees. Our aim is to grow our own talent and bring out the best in people.