Assumed Reinsurance Claims Analyst [or Complex]

The RiverStone Group•Manchester, NH

47d

About The Position

Reporting to a Manager, Assumed Claims this role handles assumed claims, including identification of coverage and liability issues, claim evaluation, establishment of adequate reserves, and transaction processing

Requirements

Demonstrates ability and flexibility in a dynamic environment.
Excellent analytical, interpersonal and communications skills, both written and oral.
Capable of working independently and meeting assigned deadlines.
Customer service orientated and able to develop lasting relationships with internal and external business partners.
Demonstrates alignment with RiverStone’s Commitments.
Prioritizes and organizes work in self-directed manner.
Attains and maintains knowledge of assigned department.
Assumed and/or direct claims handling, legal or financial services experience preferred.
Four-year college degree required or equivalent work experience.

Nice To Haves

JD, CPCU, SCLA, CCLA

Responsibilities

Handles moderate to high volume of low to moderately complex assumed claims effectively.
Directly handles and/or assists in monitoring, reviewing, and coordinating the activities involving assumed reinsurance claims, including analysis of reinsurance contracts, and underlying direct coverage issues, establishment of adequate reserves, payment as appropriate and the resolution and closure of claims.
Operates effectively in Company and Departmental systems.
Operates independently with moderate management oversight of day-to-day functions.
Coordinates and manages workload so day to day claim handling functions remain prioritized.
Provides recommendations on reserves and payments.
Interacts with cedants and brokers in the investigation of assumed claims.
Participates in settlement negotiations in coordination with management.
Prepares written reports as necessary.
Assists in reporting to retrocessionaires and supporting the Reinsurance Department’s collections.
Serves on Companywide committees and projects as assigned.
Works to continuously improve RiverStone’s business processes/systems.
Consistently delivers superior customer service to both internal and external business partners.
Maintains confidentiality.
Performs other duties as required, including supporting and coordinating with other department colleagues.