Reinsurance Claims Analyst

Starr Insurance Companies • $80K — $120K *

New York, NY 10025In-Person

Finance & Insurance

5 - 7 years of experience

1 month ago

By clicking Apply, I agree with Ladders' Terms of Use and Privacy Policy

Job Overview by Ladders

Qualifications

7+ years in the insurance industry with 5 years in claims analysis or reinsurance.
Strong grasp of reinsurance principles and processes.
Effective communication and interpersonal abilities.
Proficient in Microsoft Office, with an emphasis on Excel.
Exceptional organizational and multitasking skills.
Analytical problem-solving capabilities are essential.
A college degree is preferred; professional certifications (ARe, CPCU) are advantageous.

Responsibilities

Review ceded claims for accuracy and treaty compliance.
Prepare and submit reinsurance claims promptly and correctly.
Identify and resolve discrepancies in ceded claims.
Manage reinsurance inquiries via a ticketing system.
Evaluate loss data to assess claims impacting reinsurance programs.
Calculate net recovery considering all reinsurance factors.
Assist in audit processes and implement corrective actions.

Benefits

Opportunities for professional development and continuous learning.
Collaborative work environment with internal and external stakeholders.
Access to industry insights and best practices.
Supportive management for career advancement.
Engagement with audits and compliance to enhance industry knowledge.

Full Job Description

Position Overview:

We are seeking a detail-oriented and analytical Reinsurance Claims Analyst to join our team. The successful candidate will be responsible for managing and analyzing ceded claims, ensuring accurate reporting and compliance with reinsurance agreements. This role requires a strong understanding of reinsurance principles, excellent analytical skills, and the ability to work effectively with internal and external stakeholders.

Key Responsibilities:

Review and analyze ceded claims to ensure accuracy and compliance with reinsurance treaties and agreements.
Prepare and submit timely and accurate reinsurance claims to reinsurers.
Identify and resolve discrepancies or issues related to ceded claims.

Handle internal and external reinsurance queries through a ticketing system.
Evaluate large sets of loss data to identify claims with a potential impact on Starr’s reinsurance program; draft and distribute reinsurance reports containing a thorough summary of loss details and relevant facts.
Determine the applicable facultative and/or treaty reinsurance coverage.
Calculate the net recovery to Starr factoring all reinsurance and underlying insurance including deductibles, self-insured retentions, and other policy layers.
Work closely with brokers and Starr claims managers to respond to reinsurers and any other detailed queries.
Compile and distribute financial documentation and proof of release agreements in support of reinsurance recovery billings.
Support reinsurance audits of claims data and processes by handling IT and auditor logistics to internal claims systems.
Assist in addressing audit findings and support the implementation of corrective actions as needed.
Assist with accounting queries and payment supporting documentation.
Stay current with industry trends, regulations, and best practices related to reinsurance and claims management.

Qualifications:

7+ year professional experience within the insurance industry with a minimum 5 years of experience in claims analysis, reinsurance or a related function.
Effective communication and interpersonal skills.
Strong understanding of reinsurance principles and practices.
Knowledge of claims or reinsurance processing.
Excellent organizational skills and the ability to manage multiple priorities.
Excellent analytical and problem-solving skills.
Proficiency in Microsoft Office Suite, particularly Excel.
Excellent analytical and problem-solving skills.
Strong attention to detail and organizational skills.
Ability to work independently and as part of a team.
A college degree is preferred.
Professional certification (e.g., ARe, CPCU) is a plus.

About Starr Insurance Companies

Starr Insurance Companies Careers

There has never been a better time to join the global team of Starr Insurance Companies—the leading provider of insurance and investment solutions worldwide.

Work You’ll Do

Join Starr Insurance Companies' top-tier team to assist some of the most prestigious clients in navigating their risk management and insurance strategies. Transform the approach to global insurance solutions with the brightest minds at Starr Insurance Companies. This is where innovation meets industry expertise in a dynamic environment. Lead from a unique position in the marketplace, at the crossroads of deep industry knowledge and extensive insurance innovation. Engage with a worldwide network of professionals dedicated to redefining the future of insurance and risk management. Collaborate with a diverse and inclusive team, fostering a culture of professional growth and diversity training.

Introducing the Starr Insurance Companies Professional Growth Path

The team is committed to building a leading career development framework to help individuals master their professional journey within the insurance industry.

Do Innovative Work

Be part of a team that is at the forefront of industry innovation—delivering targeted solutions through a depth of expertise that is unmatched in the insurance sector.

Drive Innovation and Leadership

Develop and implement groundbreaking solutions on trusted platforms, enhancing Starr Insurance Companies' position as a leader in the insurance industry.

Be Part of a Great Team

Join a team that values diversity and leadership, working on a wide range of initiatives that harness the capabilities of Starr Insurance Companies' global presence.

Future-proof Your Career

Advance your career with limitless opportunities supported by unmatched training, development, and certification programs.

Explore

Discover how Starr Insurance Companies is leading the way in predictive analytics to revolutionize risk assessment and management solutions.

The Starr Insurance Companies Edge

With a commitment to innovation and leadership, Starr Insurance Companies helps clients tackle the challenges of today’s dynamic market. Clients globally turn to Starr Insurance Companies for strategic insights and solutions that drive growth and success in the insurance industry.

Stay Connected

Join the Team

Search open positions that match your skills and interests. Starr Insurance Companies seeks passionate, curious, and solution-driven team players. SEARCH STARR INSURANCE COMPANIES JOBS

Keep Up to Date

Stay informed with career tips, insider perspectives, and industry-leading insights you can put to use today—all from the professionals who work at Starr Insurance Companies.

READ CAREERS BLOG

Job Alert Emails

Customize your subscription to receive job alerts, the latest news, and insider tips tailored to your preferences. Explore the exciting and rewarding career opportunities that await at Starr Insurance Companies.

Learn more about Starr Insurance Companies

Industry