Reinsurance Specialist II

Chubb

  • Philadelphia, PA
  • Permanent
  • Full-time
  • 28 days ago
Job Category: Reinsurance ReceivablesJob Description:Reporting to an AVP of Ceded Claims in Reinsurance Services, this position is responsible for the collection of ceded recoverable as assigned. Analyst will be responsible for collecting ceded recoverable balances; verifying that billing packages are accurate and complete; follow up for receipt by the direct market/broker; respond to reinsure and broker queries; resolve disputed claims and provide recommendations on claims that may require a compromise with a view to maximizes cash flow.Key Responsibilities
  • Diary billings for receipt by reinsurers on a timely basis
  • Organize and prioritize collection balances by age and size
  • Monitor and manage query mailbox and distribute incoming workflow appropriately
  • Follow up on collection of balances on regular basis
  • Resolve issued as presented by reinsurers/brokers
  • Report collections accurately to senior management on a regular basis
  • Elevate claims as needed for management intervention
  • Proactively identify issues and recommend effective solutions
  • Develop strategies for collections at both a market level as well as a claim level
  • Assist with the monthly close process
  • Work with accounting to ensure accurate and timely cash application
  • Attend monthly broker/ market, senior management, and team collections meeting to discuss open balances and strategies
Qualifications:
  • Excellent written and verbal communication skills
  • Excellent Excel skills
  • Proficient in all Microsoft applications (Word, Access, PowerPoint, etc.)
  • Demonstrate ability to collaborate with other units within the department, the company, and reinsurance partners.
About Us:Chubb is a world leader in insurance. With operations in 54 countries, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance, and life insurance to a diverse group of clients. The company is distinguished by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength, underwriting excellence, superior claims handling expertise and local operations globally.At Chubb, we are committed to equal employment opportunity and compliance with all laws and regulations pertaining to it. Our policy is to provide employment, training, compensation, promotion, and other conditions or opportunities of employment, without regard to race, color, religious creed, sex, gender, gender identity, gender expression, sexual orientation, marital status, national origin, ancestry, mental and physical disability, medical condition, genetic information, military and veteran status, age, and pregnancy or any other characteristic protected by law. Performance and qualifications are the only basis upon which we hire, assign, promote, compensate, develop and retain employees. Chubb prohibits all unlawful discrimination, harassment and retaliation against any individual who reports discrimination or harassment.

Chubb