Business Title(s): Claims Reinsurance Analyst
Employment Type: Full-Time
FLSA Status: Exempt
Location: In-Office
Summary: We are looking for a highly capable Claims Reinsurance Analyst to join our team and work from our Chicago office. We work together in the office five days a week in order to strengthen our culture, build team connections, and drive profitability. The position reports to the VP, Reinsurance Claims and is focused on XOL and Facultative Reinsurance reporting, billing, and collection activities, including URS data validation and reconciliation.
This is a 100% in-office position. Candidates must be able to work on-site at a designated company office during standard business hours.
Essential Responsibilities: - Working under technical direction and within significant limits and authority, handle XOL and Facultative Reinsurance reporting, billing, and collection activities with a direct impact on departmental results.
- Collaborating with Reinsurance Accounting on collection and related issues and URS data validation and reconciliation efforts.
- Securing the timely and accurate settlement of reinsurance claims
- Tracking open recoverable balances to ensure timely collection and follow-up.
- Assisting with commutation and other strategic efforts
Qualifications / Experience Required: - Must have good business acumen (i.e. understand how an insurance company works and makes money, including how this role impacts both Argo Group and our customers' ability to be profitable).
- A practical knowledge of reinsurance accounting, as well as an exceptional customer service focus typically achieved through:
- A minimum of two years of reinsurance accounting experience
- Bachelor's degree from an accredited university in Accounting, Insurance or related degree required. Four additional years of related accounting experience beyond the minimum experience required above may be substituted in lieu of a degree.
- Must work independently and demonstrate the ability to exercise sound judgment.
- Must have excellent communication skills and the ability to build lasting relationships.
- Excellent evaluation and analytical skills required.
- Effective time management skills and ability to prioritize workload while handling multiple tasks and deadlines.
- Ability to articulate the financial value of your work at multiple responsibility levels inside our clients' business which may include CEO.
- Ability to regularly exercise discretion and independent judgment with respect to matters of significance.
- Demonstrates inner strength. Has the courage to do the right thing and demonstrates it on a daily basis.
- A strong focus on execution in getting things done right. Proven ability to consistently produce and deliver expected results to all stakeholders by:
- Finding a way to achieve success through adversity.
- Being solution (not problem) focused
- Thinking with a global mindset first.
- Successful traits (flexibility, ability to thrive in change, being resourceful on your own) necessary to work in a fast paced environment that is evolving constantly.
- Ability to develop and maintain productive relationships with business partners and organizational peers with a focus on timely and meaningful exchanges of information.
- Exhibit natural and intellectual curiosity in order to consistently explore and consider all options and is not governed by conventional thinking.
- Proficient in MS Office Suite and other business-related software(experience with URS Reinsurance Accounting System a plus).
- Polished and professional written and verbal communication skills.
- The ability to read and write English fluently is required.
- Must demonstrate a desire for continued professional development through continuing education and self-development opportunities.
The base salary range provided below is for hires in those geographic areas only and will be commensurate with candidate experience. Pay ranges for candidates in other locations may differ based on the cost of labor in that location. In addition to base salary, all employees are eligible for an annual bonus based on company and individual performance as well as a generous benefits package.
- Chicago Pay Range: $86,000 - $101,500
About Working in US Claims at Argo Group - Argo Group does not treat our claims or our claims professionals as a commodity. The work we offer is challenging, diverse, and impactful.
- Our Adjusters and Managers are empowered to exercise their independent discretion and, within broad limits and authority, be creative in developing solutions and treat each case as the unique situation it is.
- We have a very flat organizational structure, enabling our employees have more interaction with our senior management team, especially when it relates to reviewing large losses.
- Our entire claims team works in a collaborative nature to expeditiously resolve claims. We offer a work environment that inspires innovation and is open to employee suggestions. We even offer rewards for creative and innovative ideas.
- We believe in building an inclusive and diverse team, and we strive to make our office a welcoming space for everyone. We encourage talented people from all backgrounds to apply.
Benefits and CompensationWe offer a competitive compensation package, performance-based incentives, and a comprehensive benefits program-including health, dental, vision, 401(k) with company match, paid time off, and professional development opportunities.
