Senior Claims Analyst

Leading writer of Property & Casualty Reinsurance is seeking an accomplished Senior Claims Analyst. I have been supporting this client for 20 years and I can sincerely say they have the best, most employee centric, corporate culture of any client I’ve worked with. Their global team shares a passion for solving their customers’ problems through a collaborative and entrepreneurial culture that empowers employees and rewards creative thinking.

• This is a 4 day per week in office position (with a flex work from home day) located in midtown Manhattan very close to all major transportation hubs.

POSITION SUMMARY:

The Senior Claims Analyst is responsible for, but not limited to analyzing, and processing claims under the applicable reinsurance treaty, performing claims audits, providing analysis to underwriters and reserving actuaries, and participate in collaborative projects in support of other areas of the company, including finance, actuarial, operations and technology. This role will assist with the preparation of management reporting on respective (legal) claims activities. In addition, the Senior Claims Analyst supports the Underwriters/Actuaries on any claims related interactions with cedents and brokers. This role also undertakes analysis and research using relevant legal tools and resources to provide preliminary insights, information and opinions on complex legal technical issues to Claims prior to seeking an official legal opinion from the company’s legal department.

PRINCIPAL ACCOUNTABILITIES:

• Primarily responsible for the handling of Liability claims as well as other casualty and property claims arising out of (re)insurance operations.
• Ensures all handled claims are properly processed and reserved.
• Perform day-to-day claims processing activities for assigned accounts including processing claims and recoveries into the claims system, including reinstatement premium and reinstatement premium accruals in a timely and accurate manner.
• Review and approve claim payments/reserves/updates and communicate significant movements or status changes to claims management and underwriting teams as appropriate.
• Liaise with the brokers for updated information on assigned accounts and ensure that any changes are reflected in the claims system appropriately.
• Assess all loss exposures including interpretation of coverage (re)insurance) and liability analysis for the (re)insurance book of business. Including more moderately technically complex analysis.
• Compile and interpret data to assist management in tracking, analyzing, developing and preparing claim related reports.
• Conduct legal research on an as needed basis
• Act as a legal resource for other claims team members on complex claim legal matters.
• Identify trends and subjects via short writeups on these topics for use in the quarterly claims newsletter.
• Assist in the production of the quarterly claims newsletter.
• Participate in special projects or ad-hoc tasks that may be required by either internal or external parties.
• Coordinate with Claims Management, Underwriting, Actuarial and Risk Management on Large Loss Exposures.
• Monitor and inform Underwriting, Actuarial and Management of any trends within the assigned lines of business.
• Perform claim audits and produce written audit reports in a timely fashion.
• Meet with clients and brokers for purposes of maintaining industry relationships.
• Attend company sponsored training events and relevant industry conferences/meetings.

EXPERIENCE:

• A university degree preferred, or comparable relevant experience.
• A professional qualification preferrable (ACII or similar).
• At least 5 to 8 years prior relevant industry experience
• Fully proficient, has in-depth knowledge, works independently on moderate to highly complex (re)insurance coverage matters.
• Utilizes solid technical competence to achieve exemplary results and to manage and resolve issues.
• Seeks out and explores new assignments, exposure or challenges in order to enhance technical skills.
• Proactively identifies resources, actions and timelines needed to achieve objectives.
• Delegates responsibilities where appropriate and follows up to ensure results are delivered.
• Effectively balances day-to-day tactical pressures without losing sight of the big picture and considering the broader implications of work and larger operating environment.
• Shares resources appropriately and balances the needs of the total department with individual goals and priorities.
• Conveys points of view/positions in a way that influences opinions and demonstrates flexibility in adapting personal style to different individuals.
• Proactively shares relevant information to keep others in the loop on important issues, updates, priorities, new developments and results.
• Makes improvements of processes, systems, products or solutions to enhance performance of the department or job area.
• Sees and demonstrates the value of ongoing training and development by sharing knowledge and teaching and applying new skills.
• Responds to and troubleshoots moderate to highly complex inquiries/issues, both internally and externally.
• Identifies resources, actions and timelines needed to achieve objectives.
• Proficient with Excel and spreadsheets specifically with the use of pivot tables, etc.
• Proficient with use of Lexus Nexus and other legal research and reference tools
• Strong knowledge of US GAAP, other relevant GAAP or regulatory reporting requirements as applicable.
• Experience with public companies and SOX 404 is advantageous
• Proficiency in the use of computer applications (Microsoft Office Suite, etc.)