Reinsurance Director
AIG
- Wilton, CT
- $135,000-169,000 per year
- Permanent
- Full-time
- Manage a team of subject matter experts responsible for Ceded claims and collections associated with unique reinsurance placements related to all reinsurance types for legacy and current business including captive programs.
- Mentor collections staff and instill an environment that aligns with company objectives and initiatives by inspiring the team and keeping them involved and informed.
- Monitor the sub ledger and various reports to ensure claim and account queries from internal/external customers are promptly and properly addressed.
- Develop and maintain strong working relationships with reinsurers, brokers, intercompany departments, and vendors to resolve claim and collection concerns related to all lines of business.
- Investigate/research requests or questions from internal/external customers.
- Prioritize and collaborate with colleagues on various projects and initiatives.
- Provide guidance and recommendations on process improvements and transformation initiatives.
- Work with analytical teams (Actuarial, Accounting, IAG, etc.) to provide critical data.
- Assist with the analysis, review and resolution of aged receivables impacting Schedule F and bad debt.
- Work with Reinsurance Finance staff and Collections management team to conduct research into reinsurance recoverables and contribute towards completion of periodic reporting.
- Drive and enhance the collection of reinsurance recoverables.
- Encourage teamwork and facilitate the resolution of reinsurance recoverables through assessment and ultimate disposition.
- Interact with Reinsurance Legal on the direction of loss cessions that have been disputed.
- 10+ years of reinsurance/insurance experience in Ceded Reinsurance collections and claims.
- Proven leadership skills.
- In-depth knowledge of loss allocations across multiple underwriting years and the application of claims to reinsurance that includes AP&H claims.
- Superior negotiation skills.
- Must be able to prioritize and manage multiple assignments or projects simultaneously and within established timelines.
- Strong understanding of reinsurance and insurance concepts for all reinsurance types.
- Proficient with information technology, particularly Microsoft office (Word, Excel, Power Point).
- Strong interpersonal and team orientated skills.
- Excellent organization and time management skills.
- Strong analytical skills to quickly identify, gather, and assess information.
- Ability to collaborate effectively with all levels of management and intercompany departments.
- Understanding of general accounting fundamentals and ability to reconcile complex reinsurance transactions.
- For positions based in Parsippany, NJ, the base salary range is $135,000-$169,000 and the position is eligible for a bonus in accordance with the terms of the applicable incentive plan. In addition, we’re proud to offer a range of competitive benefits, a summary of which can be viewed here: