Senior Reinsurance Claims Specialist

Reinsurance Claim Specialist Job Description The Accident & Health Reinsurance Claims Specialist is a key contributor to the reinsurance team at AXIS. Working in a globalized customer focused, professional reinsurance claims organization, you will support the department goals of providing best in class internal and external client servicing through efficient and effective reinsurance claims handling and excellent customer service. How does this role contribute to our collective success? The Accident and Health Reinsurance Claims Specialist is diligent in reviewing reinsurance claims against our treaties to protect the assets of AXIS and ensure we are paying all claims properly presented as quickly and efficiently as possible, while maintaining accurate records and high service standards. What will you do in this role? As a Reinsurance Claims Specialist, you will proactively manage a diverse and interesting portfolio of Accident and Health reinsurance claims. Proactively manage claims from notification through closure, investing the necessary level of involvement required for each claim depending on the nature of it. Analyze and determine eligibility of claims, verify claims are correctly ceded and verify proper policy provisions and limits are applied. Establish and monitor appropriate reserves. Resolve claims questions directly with cedents or brokers professionally. Engage with cedents, brokers and 3rd party vendors, to identify opportunities to assist in mitigation of claims utilizing a suite of cost containment services. Collaborate with other team members, including technical accounting, to get valid claims paid accurately and promptly within your authority level. Conduct claim audits for existing accounts/clients. Travel may be required. Collaborate with AXIS Re colleagues by sharing pertinent loss development information with underwriters and actuaries. Build strategic relationships in the industry to support informed and best in class reinsurance claims handling. Interact with colleagues across the organization to support strategic initiatives. Identify developing trends and anomalies in your book of claims and recommend appropriate strategies which could include changes to procedures, cost containment strategies, and client or peer education presentations, among other strategies. Participate in professional associations/professional development activities and industry conferences to gain expertise, industry information and insights, and to network. Identify process improvements to be reviewed and approved by more senior management. Engage in department wide initiatives and may prepare presentations for clients or colleagues from time to time. You may also be required to take on additional duties, responsibilities and activities appropriate to the nature of this role. What you need to have: Bachelor's Degree or equivalent experience in insurance or reinsurance. 5+ years experience with Employer Stop Loss, Fully Insured, and Managed Care claims adjudication. A firm understanding of insurance and reinsurance terminology, including familiarity with various lines of business insurance coverage and reinsurance treaty types. The ability to evaluate insurance claims and exposures for proper reserving under a reinsurance program. An understanding of common reinsurance contract terms and conditions, including business covered, common exclusions, aggregate limits, treaty limits, retentions, how to apply annual aggregate deductibles, and the impact of the reinsurance contract terms and policy conditions to each claim. Ability to communicate with brokers and cedents in a timely and concise manner. Strong Microsoft Word and Excel skills What we prefer you to have: High standard of professional conduct. Strong analytical and organizational skills. Ability to liaise with individuals across a variety of operational and technical disciplines. Ability to read and interpret medical reports, clinical experience a plus Role Factors: In this role, you will typically be required to: Travel to cedents and broker meetings in North America between 2-10 times a year. Be in the office 3 days per week minimum. What we offer: For this position, we currently expect to offer a base salary in the range of $120,000 - $150,000 USD. Your salary offer will be based on an assessment of a variety of factors including your specific experience and work location. In addition, you will be offered competitive target incentive compensation, with awards based on overall corporate and individual performance. On top of this, you will be eligible for a comprehensive and competitive benefits package which includes medical plans for you and your family, health and wellness programs, retirement plans, paid vacation, and much more.

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