Reinsurance Analyst

Description

Scope of Duties

The Reinsurance Collections Analyst II is responsible for all aspects of collecting outstanding monies due from reinsurers on complex long-tail reinsurance claims. The position reports to a VP Ceded Reinsurance or an AVP Ceded Reinsurance.

Job Responsibilities

• Appropriate and timely collection of outstanding ceded reinsurance balances
• Assist with the identification of outstanding ceded reinsurance balances on assigned markets to support and facilitate timely collections
• Analysis of outstanding ceded reinsurance balances on assigned markets to ensure accuracy of balances
• Ensure the accuracy of related financial records and adherence to internal controls
• Develop and present to management strategies for resolution of disputed ceded reinsurance balances through dispute management process
• Identity and communicate to management any market issues and trends
• Maintain rigid diary system resulting in continuous targeted collections efforts on aged balances
• Identify and explain those balances for which mark-offs are appropriate
• Conduct regular market meetings to foster and improve market relationships to facilitate timely collections of outstanding balances
• Seek authority where appropriate to negotiate and resolve disputed balances
• Prepare and maintain reports to management on status of collections of outstanding ceded reinsurance balances
• Communicate regularly with Accounting Team to ensure accurate and timely application of cash received and reconcile any payment discrepancies

Qualifications

Desired Qualifications

Required Experience :

IC

Key Skills

Healthcare Attorney,Data Management,Downstream,Insurance,Electrical Maintenance

Employment Type : Full-Time

Department / Functional Area : Finance

Experience : years

Vacancy : 1