Reinsurance Claims Analyst
Responsibilities:
- Review and approve Major Loss Reports for domestic and international losses
- Review reinsurance treaty contracts to ensure an understanding of their impact on various lines of business and apply treaties to loss analysis accordingly
- Identify large losses and high-profile matters
- Create and maintain Excel workbooks for data analysis
- Respond to non-MLR reinsurance verification requests and other reinsurance related queries
- Investigate and flag discrepancies and account issues
- Monitor and analyze financial impact of changes in reinsurance coverage
- Prioritize and collaborate with colleagues on various projects and initiatives
- Support AIG Next and reinsurance governance initiatives, including SOX controls
- Provide recommendations for process improvements
Key Deliverables (including reports):
- MLRs (Major Loss Reports)
- Non-MLR reinsurance verifications as requested by internal customers
Required Qualifications:
- 3+ years of reinsurance/insurance experience in claims and/or accounting
- Proficient with information technology, including Microsoft Office, particularly in Excel
- Excellent verbal and written communication skills
- Strong interpersonal skills and team orientated
- Excellent organization and time management skills
- Strong analytical skills to quickly identify, gather, and assess information
Preferred Qualifications:
- Experience with Facultative, Captive, Quota Share, and Excess of Loss policy and treaty arrangements
- Knowledge of general accounting fundamentals
- Understanding of reinsurance concepts and contract language
The base salary range for this position in New York and New Jersey is $83,000-$103,000and the position is eligible for a bonus in accordance with the terms of the applicable incentive plan. Your actual compensation will be dependent on your skills, experience, and qualifications. In addition, we’re proud to offer a range of competitive benefits, a summary of which can be viewed here: US Benefits Overview.”
At AIG, we value in-person collaboration as a vital part of our culture, which is why we ask our team members to be primarily in the office. This approach helps us work together effectively and create a supportive, connected environment for our team and clients alike.
Enjoy benefits that take care of what matters
At AIG, our people are our greatest asset. We know how important it is to protect and invest in what’s most important to you. That is why we created our Total Rewards Program, a comprehensive benefits package that extends beyond time spent at work to offer benefits focused on your health, wellbeing and financial security—as well as your professional development—to bring peace of mind to you and your family.
Functional Area:
RE - Reinsurance
National Union Fire Insurance Company of Pittsburgh, Pa.
