Ceded Reinsurance Claims Analyst

CNA • Chicago, IL

8d • Hybrid

About The Position

The Ceded Reinsurance Claims Analyst position is part of CNA's Corporate Reinsurance organization, specifically within the Treaty Administration Team. Under broad supervision, this role analyzes, reconciles, pays premium, and compiles bordereaux under a variety of reinsurance treaties related to various underlying books of insurance policies. The position requires solid data management, Microsoft Excel, financial reconciliation, and/or accounting skills to handle data from multiple underwriting and accounting systems. The analyst will reconcile and process reinsurance premiums.

Requirements

• Knowledge of insurance/reinsurance accounting principles, practices and procedures.
• Good interpersonal and communication skills.
• Ability to effectively interact with all levels of CNA's internal and external business partners.
• Ability to work independently.
• Good analytical and problem solving skills.
• Ability to exercise independent judgement and effectively resolve reinsurance issues.
• Knowledge of Microsoft Office Suite as well as other business-related software.
• Bachelor's degree in accounting or finance preferred.
• Typically a minimum one to two years in accounting or insurance experience.

Nice To Haves

• Reinsurance experience a plus.

Responsibilities

• Works on ceded reinsurance premiums under treaties for payment of outstanding ceded payables due reinsurer markets.
• Researches, interprets and analyzes specific facts and applies insurance and reinsurance concepts to understand coverage and liability issues.
• Assists with the recovery of the balances of reinsurance treaty accounts by communicating with reinsurer/brokers for payment.
• Assists with monitoring errors and aging of outstanding reinsurance balances.
• Recommends corrective action with internal business partners to resolve anomalies.
• Supports treaty team with clearing sub-ledger payable and receivable balances.
• Contributes to making recommendations for process improvements on reinsurance treaty accounts.
• Completes quarterly SOX requirements on all treaty program process flows.
• Assists with claim audit preparation as required by internal audit guidelines.
• Monitors activity in multiple reinsurance e-mail boxes to ensure prompt response times to internal and external partners.
• Analyzes data, prepares, and presents reports to management.
• May perform additional duties as assigned.

Benefits

• CNA offers a comprehensive and competitive benefits package to help our employees – and their family members – achieve their physical, financial, emotional and social wellbeing goals.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level