Claims Representative/Senior Claims Representative/Claims Specialist-Assumed Reinsurance
Great American Insurance Group is a leader in the insurance industry, seeking a Claims Representative/Senior Claims Representative/Claims Specialist to join their Reinsurance Claims department in Cincinnati, Ohio. The role involves handling reinsurance claims, ensuring compliance with contract requirements, and preparing summaries for management while fostering a collaborative workplace culture.
Responsibilities
- Reviews assumed reinsurance claims comprised primarily of asbestos, environmental, and other long-tail claims
- Ensures that reinsurance claim cessions are within applicable contract requirements
- Verifies coverage and cession amounts, and requests information from ceding companies to evaluate claim cessions
- Prepares claim summaries on billed claims, posts claim reserves and prepares support for claim payments
- Identifies potential claims issues and makes recommendations to management regarding claim disposition
- Communicates reinsurance coverage positions as directed by management
- Alerts management of substantial losses
- Assists management with the preparation of summaries on significant losses for monthly reports to senior management
- Documents and maintains records of loss submissions, reserves, queries, and payments
- Ensure reinsurance claim transactions are recorded in a timely and accurate manner
- Participates in reinsurance projects as needed
- Provides guidance and assistance to other functional areas
- Performs other duties as assigned
Skills
- Bachelor's degree or equivalent experience
- Experience: 0-10 years of reinsurance claims experience
- Proficiency in Microsoft365 suite of products, specifically Excel
- Professional writing and oral communication skills
- Ability to manage and prioritize concurrent assignments and responsibilities
- Some knowledge of reinsurance is preferred
- Familiarity with reinsurance contracts is a plus
Benefits
- Medical, dental, and vision coverage
- Wellness plans
- Parental leave
- Adoption assistance
- Tuition reimbursement
- Paid Time Off
- Paid holidays
- A 401(k) plan with company match
- An employee stock purchase plan
- Commuter benefits
Company Overview