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Job Identification Number: 1011

Location: New York, NY

Job Type: Direct Hire

Job Category: Insurance

Qualified candidates, please attach resume when applying.

Position Overview:
We are seeking an experienced Reinsurance Claims Specialist with a focus on execution, and meticulous attention to detail. The ideal candidate will have experience in Casualty reinsurance claims and possess strong analytical and reporting skills. Expertise in data processing and quality control is essential. This role is vital to our reinsurance operations, ensuring that claims are processed accurately, promptly, and to the highest quality standards.
Key Responsibilities:
Large Loss Reporting to the Markets:
• Assist in identification and reporting of large losses to reinsurers.
• Collaborate with the claims team to ensure accurate and timely reporting.
• Calculate nets to the company and monitor large loss settlements and recoveries.
• Work closely with the finance team to reconcile reinsurance accounts.
• Address any discrepancies or issues with reinsurers.
Reinsurance Reporting:
• Assist in the preparation and loss run reports for reinsurers submission in renewals.
• Ensure compliance with reinsurance agreements and reporting requirements.
• Conduct thorough reviews to ensure accuracy and completeness.
• Manage the preparation of monthly and quarterly reports on claims performance.
• Provide insights and analysis on claims trends and metrics.
Claims Audits by Reinsurers:
• Support the reinsurance audits of claims data and processes.
• Assist in addressing audit findings and support the implementation of corrective actions as needed.
TPA & Direct Data Quality:
• Collaborate with TPA Services and Starr Claim Managers to ensure quality and accuracy of data provided by third-party administrators (TPAs) and in-house adjustors.
• Implement data validation and reconciliation processes.
Qualifications:
• Bachelor's degree in a related field; advanced degree or relevant certifications (e.g., CPCU, ARe) preferred.
• Extensive experience (7+ years) in reinsurance claims management, with a deep understanding of large loss reporting, reinsurance reporting, and audits.
• Strong knowledge of reinsurance agreements, terms, and conditions.
• Excellent analytical and problem-solving skills.
• Exceptional communication and interpersonal skills.
• Proficiency in reinsurance software and reporting tools (XLS, SQL, Power BI preferred).
• Ability to manage multiple priorities and meet deadlines.
• Strong data process acumen and quality control experience.
• Process-oriented mindset with a focus on continuous improvement.