Reinsurance Claims Analyst
About The Position
The Reinsurance Claims Analyst will be responsible for reviewing and approving Major Loss Reports for domestic and international losses. This role involves reviewing reinsurance treaty contracts to understand their impact on various lines of business and applying treaties to loss analysis. The analyst will identify large losses and high-profile matters, create and maintain Excel workbooks for data analysis, and respond to non-MLR reinsurance verification requests and other reinsurance-related queries. Additionally, the role includes investigating and flagging discrepancies and account issues, monitoring and analyzing the financial impact of changes in reinsurance coverage, and prioritizing and collaborating with colleagues on various projects and initiatives. The analyst will also support AIG Next and reinsurance governance initiatives, including SOX controls, and provide recommendations for process improvements.
Requirements
- 3+ years of reinsurance/insurance experience in claims and/or accounting
- Proficient with information technology, including Microsoft Office, particularly in Excel
- Excellent verbal and written communication skills
- Strong interpersonal skills and team orientated
- Excellent organization and time management skills
- Strong analytical skills to quickly identify, gather, and assess information
Nice To Haves
- Experience with Facultative, Captive, Quota Share, and Excess of Loss policy and treaty arrangements
- Knowledge of general accounting fundamentals
- Understanding of reinsurance concepts and contract language
Responsibilities
- Review and approve Major Loss Reports for domestic and international losses
- Review reinsurance treaty contracts to ensure an understanding of their impact on various lines of business and apply treaties to loss analysis accordingly
- Identify large losses and high-profile matters
- Create and maintain Excel workbooks for data analysis
- Respond to non-MLR reinsurance verification requests and other reinsurance related queries
- Investigate and flag discrepancies and account issues
- Monitor and analyze financial impact of changes in reinsurance coverage
- Prioritize and collaborate with colleagues on various projects and initiatives
- Support AIG Next and reinsurance governance initiatives, including SOX controls
- Provide recommendations for process improvements
Benefits
- Bonus in accordance with the terms of the applicable incentive plan
- Total Rewards Program, a comprehensive benefits package
- Benefits focused on health, wellbeing and financial security
- Professional development opportunities
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Education Level
No Education Listed
