Job Title: Director, Reinsurance Claims

Location: NYC

Job Type: Full-Time

Position Overview: T Director of Reinsurance Claims will be responsible for leading and managing all aspects of our reinsurance claims operations, including overseeing large loss reporting, reinsurance reporting, claims audits by reinsurers, TPA & direct data quality, monthly and quarterly reporting, production, and review of bordereaux reporting, and managing a small staff across multiple locations.

Key Responsibilities:

Large Loss Reporting:

• Oversee the 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.

Reinsurance Reporting:

• Manage the preparation and submission of reinsurance reports to reinsurers.
• Ensure compliance with reinsurance agreements and reporting requirements.
• Work closely with the finance team to reconcile reinsurance accounts.

Claims Audits by Reinsurers:

• Coordinate and facilitate reinsurer audits of claims data and processes.
• Address audit findings and implement corrective actions as needed.
• Maintain strong relationships with reinsurers to promote transparency and collaboration.

TPA & Direct Data Quality:

• Oversee the quality and accuracy of data provided by third-party administrators (TPAs) and in-house adjustors.
• Implement data validation and reconciliation processes.
• Work with TPAs and Starr Claim Managers to resolve data discrepancies.

Monthly and Quarterly Reporting:

• Lead the preparation of monthly and quarterly reports on claims performance.
• Provide insights and analysis on claims trends and metrics.
• Ensure timely and accurate reporting to senior management and reinsurers.

Production and Review of Bordereaux Reporting:

• Manage the production of bordereaux reports for reinsurers.
• Conduct thorough reviews to ensure accuracy and completeness.
• Address any discrepancies or issues with reinsurers.

Team Management:

• Build and lead a high-performing claims team across multiple locations.
• Provide coaching, mentorship, and professional development opportunities to team members.
• Set performance goals and conduct regular performance evaluations.

Qualifications:

• Bachelor's degree in a related field; advanced degree or relevant certifications (e.g., CPCU, ARe) preferred.
• Extensive experience (10+ 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.
• Effective leadership and team management abilities.
• Exceptional communication and interpersonal skills.
• Proficiency in reinsurance software and reporting tools.
• Ability to manage multiple priorities and meet deadlines.