POSITION SUMMARY:The Ceded Reinsurance Account Manager is responsible for the reporting, billing, and collection of ceded reinsurance claims. The role requires a strong understanding of complex asbestos, environmental and / or other latent exposure claims, coverage and policy allocation issues, reinsurance program structures, and facultative and treaty contract language to ensure accurate reporting and timely recovery of reinsurance balances.
DUTIES:- Reviewing underlying claim matters and coverage files to determine if claims are reportable to reinsurers.
- Providing reinsurers with initial notice.
- Providing reinsurers with status updates.
- Billing reinsurers.
- Collecting from reinsurers.
- Ensuring that reinsurer inquiries are addressed.
- Performing special projects and assignments related to area of authority (for example: handling reinsurer audits and collateral requests).
PERFORMANCE REQUIREMENTS:- Strong analytical, interpersonal, and written communication skills required.
- Capable of working independently and meeting assigned deadlines.
EDUCATION:- Bachelor's degree required; degree in Finance and/or Accounting preferred; Law degree a plus.
- CPCU or other industry designation, a plus.
EXPERIENCE:- Proficiency with MS Excel.
- Prior reinsurance or claims experience, a plus.
Job Type: Full-time
Salary: $85,000 - $110,000
