Reinsurance Claim Specialist

Chubb • Philadelphia, PA

2d

About The Position

Reporting to the Manager, Ceded Claims, Reinsurance Services, the Reinsurance Claim Specialist is responsible for day-to-day reinsurance claim operations in North America. Ceded reinsurance billings are primarily proof billed, but all claims must be validated. Timely billing and collection of loss balances are key aspects of the role. The specialist prepares accurate and complete billing packages, responds to reinsurer and broker inquiries, resolves disputed claims, and provides recommendations on compromised claims to maximize cash flow. The department provides business units and other constituencies with reliable and cost-effective processing and reporting services.

Requirements

• Strong written and verbal communication skills.
• Excel skills.
• Strong aptitude for math.
• Proficiency in Microsoft applications, including Word, Access, and PowerPoint.
• Ability to collaborate with other units within the department, the company, and reinsurance partners.

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 billing and collection status as required.
• Manage SOX functions and internal and external audit testing.
• Support Chubb business units and interact with brokers and reinsurers.
• Proactively identify issues and recommend effective solutions.
• Provide assistance with the monthly close process.
• Prepare accurate and complete billing packages, respond to reinsurer and broker inquiries, resolve disputed claims, and recommend resolutions for compromised claims.

What This Job Offers

• Job Type: Full-time
• Education Level: No Education Listed