Reinsurance Property Facultative Claims Specialist

Sompo International•Purchase, NY

7d•$100,000 - $130,000•Onsite

About The Position

Sompo has an opportunity for a Reinsurance Property Facultative Claims Specialist on its North America Reinsurance Claims team. The role handles assigned property facultative and treaty reinsurance claims from initial notification through resolution, primarily managing property claims while remaining available to assist with other lines of business. It involves assessing coverage, liability, damages, exposures, and reserves; interpreting insurance and reinsurance contracts; monitoring claim developments; and maintaining accurate claim records. The Specialist works with brokers, cedants, underwriters, actuaries, finance teams, experts, counsel, and other internal and external partners. The role communicates claim strategy and developments, supports claims trend and portfolio analysis, provides feedback to underwriting, contributes to reporting and cross-functional projects, and ensures compliance with internal procedures, regulatory requirements, and claims handling standards. Occasional travel may be required. The position is based in the New York City, Purchase, New York, or Morristown, New Jersey office. Sompo describes a collaborative work environment intended to support employee development and long-term careers.

Requirements

3–10 years of relevant claims experience, ideally in insurance or reinsurance claims handling.
Good understanding of insurance and reinsurance contract terms and conditions, including different reinsurance structures and their application to claims.
Ability to assess liability, damages, exposure, and reserve adequacy using incomplete or evolving information.
Strong analytical capability and sound judgment in reviewing claims data and claim-related documentation.
Strong digital literacy and confidence using business software and new technologies.
Analytical, diligent, and detail-oriented approach to claims assessment and file management.
Ability to manage multiple priorities effectively and work in a structured and organized manner.
Strong interpersonal skills and ability to build credibility with internal and external stakeholders.
Customer-oriented approach and ability to balance technical accuracy with business objectives.
Collaborative team player with a proactive and flexible approach.
Resilient and dependable, with the ability to manage competing demands and work under pressure where required.

Nice To Haves

Property reinsurance claims handling experience is preferred but not required.
Relevant professional qualifications, or progress toward them, are advantageous but not essential.
Juris Doctor status is preferred.
Familiarity with claims platforms and market systems would be advantageous.

Responsibilities

Handle assigned property facultative and treaty reinsurance claims from first notification through resolution, processing them accurately and promptly in accordance with company procedures and controls.
Assess loss exposures, policy and reinsurance contract coverage, liability, damages, and reserve adequacy across the assigned portfolio.
Manage a portfolio primarily consisting of property claims, assisting with other lines of business where required.
Monitor loss developments and identify and escalate significant issues, trends, and exposures.
Maintain complete and accurate claim file documentation, diary management, and supporting records.
Establish and maintain timely, accurate loss reserves and contribute to reserve review discussions.
Evaluate the quality, completeness, and reliability of claims information provided by cedants, brokers, experts, counsel, and other stakeholders.
Interpret relevant contract provisions, including coverage structure, retentions, attachment points, limits, exclusions, and aggregates.
Support analysis of loss trends and claims development for management, actuarial, finance, and underwriting colleagues.
Build and maintain effective working relationships with brokers, cedants, underwriters, actuaries, finance teams, and other business partners.
Attend claims meetings with current and prospective cedants and brokers as required.
Communicate claims strategy, developments, reserve changes, and concerns clearly and concisely, verbally and in writing.
Provide high-quality service and build credibility with brokers and cedants as a trusted claims partner.
Represent Sompo Re at market events and, where appropriate, in professional associations if required.
Work with underwriting teams to provide feedback on claims activity, contract wording issues, and emerging portfolio trends.
Assist with preparing and interpreting claims development and portfolio performance data, management information, and reports.
Support colleagues on cross-functional initiatives, projects, audits, and process improvements as required.
Contribute to a collaborative team environment and support other claims colleagues as needed.
Handle claims in compliance with internal procedures, regulatory requirements, and applicable claims handling standards.
Maintain awareness of market practices and jurisdictional considerations relevant to property reinsurance claims.
Escalate complex, high-value, contentious, or reputationally sensitive matters appropriately.
Support accurate claims reporting and audit readiness through disciplined file management and documentation.

Benefits

Two medical plans, including a Traditional PPO and a Consumer Driven Health Plan with a Health Savings Account and employer contribution.
Pharmacy benefits with mail-order options.
Dental benefits, including orthodontia benefits for adults and children.
Vision benefits.
Health Care and Dependent Care Flexible Spending Accounts.
Company-paid life and AD&D benefits, with optional supplemental life coverage for employees, spouses, and children.
Company-paid disability benefits with salary continuation payments.
401(k) Retirement Savings Plan with employer contributions.
Paid-time-off programs, including company-paid holidays.
Parental leave benefits and adoption assistance program.
Employee Assistance Program.
Tax-free commuter benefit.
Tuition reimbursement and professional qualification benefits.
Incentive awards based on company and individual performance.