Reinsurance Analyst

Chubb External•Philadelphia, PA

18d

About The Position

The Reinsurance Collections Analyst II, is responsible for all aspects of collecting outstanding monies due from reinsurers on complex, long-tail reinsurance claims. The position reports to a VP Ceded Reinsurance or an AVP Ceded Reinsurance.

Responsibilities

Appropriate and timely collection of outstanding ceded reinsurance balances
Assist with the identification of outstanding ceded reinsurance balances on assigned markets to support and facilitate timely collections
Analysis of outstanding ceded reinsurance balances on assigned markets to ensure accuracy of balances
Ensure the accuracy of related financial records and adherence to internal controls
Develop and present to management strategies for resolution of disputed ceded reinsurance balances through dispute management process
Identity and communicate to management any market issues and trends
Maintain rigid diary system resulting in continuous targeted collections efforts on aged balances
Identify and explain those balances for which mark-offs are appropriate
Conduct regular market meetings to foster and improve market relationships to facilitate timely collections of outstanding balances
Seek authority where appropriate to negotiate and resolve disputed balances
Prepare and maintain reports to management on status of collections of outstanding ceded reinsurance balances
Communicate regularly with Accounting Team to ensure accurate and timely application of cash received and reconcile any payment discrepancies