Travelers Sr. Analyst, Ceded Re Claim Specialist in Hartford, Connecticut
Sr. Analyst, Ceded Re Claim Specialist
Primary Job Duties & Responsibilities:
May include all or the majority but not limited to these components
Identify, review and confirm reinsurance coverage for losses.
Calculate and record proper financial results (reserves/billings).
Analyze and record all losses within company guidelines and issue timely notices, updates and billings for losses covered under our reinsurance contracts.
Collect reinsurance receivable; resolve routine reinsurer questions independently; present solutions to review with supervisor / manager to resolve moderately complex reinsurer questions and all disputes. This includes independently consulting with our brokers, business units, reinsurers, and internal experts to resolve specific questions regarding billings and reserves.
Participate on various Ceded Reinsurance/Company projects and initiatives (ex: commutations, insolvency, audit, etc…)
Anticipate and resolve problems, provide technical expertise as appropriate, make recommendations on possible solutions to problems and refer critical issues to the appropriate level of management.
Ensure that internal/external clients receive excellent service.
Maintain positive relationships with business unit, brokers, and reinsurer contacts to meet business unit needs and foster long-term relationships.
Occasionally attend reinsurer and broker meetings to discuss assigned claims/issues.
Occasionally train team members and/or provide mentoring to less experienced staff members.
Make recommendations on system, procedure and/or workflow enhancements to improve the effectiveness and efficiency of operation.
May conduct QA audits as assigned and make appropriate recommendations on training needs as appropriate.
May be responsible for reinsurer audit coordination.
Other duties as assigned.
Job Opening ID:
Equal Employment Opportunity Statement:
Travelers is an equal opportunity employer.
Job Specific & Technical Skills & Competencies:
Thorough knowledge of insurance/reinsurance concepts for the assigned line(s) of business required; general knowledge understanding of Travelers reinsurance program for assigned line of business preferred.
Under general supervision, the Sr. Analyst, Ceded Reinsurance Claims Specialist is responsible for reviewing, analyzing and processing moderately complex losses on assigned contracts.
The Sr. Analyst will participate in projects requiring an increasing degree of technical skills, and provides functional support as assigned.
This job does not manage others
Education, Work Experience & Knowledge:
Bachelor's degree preferred.
Thorough knowledge of basic insurance and reinsurance products.
Intermediate verbal, written and interpersonal skills.
Demonstrated ability to develop effective working relationships across organizational lines.
Intermediate presentation skills.
Intermediate analytical, problem resolution, decision making and organizational skills.
Demonstrated ability to respond quickly to changing priorities. Demonstrated ability to work independently and in a team environment.
Flexibility (ability to adjust to new situations and changing priorities).
Excellent time management skills.
Operates standard office equipment (Frequently) Sitting (can stand at will) (Frequently) 75%+ Standing (Occasionally) 25% Lifting items 33% (11-20lbs) & Frequently (0-10lbs) Use of Keyboards, Sporadic 10-Key (Frequently) Driving (Occasionally) 5%
Minimum 2 years of related experience required.
Intermediate Word & Excel Skills required.
Solid reputation, passionate people and endless opportunities. That's Travelers. Our superior financial strength and consistent record of strong operating returns mean security for our customers - and opportunities for our employees. You will find Travelers to be full of energy and a workplace in which you truly can make a difference.
Licensing or Certificates:
Working towards professional designation (ARe, CPCU) preferred.
Hartford - Connecticut - United States
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