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AIG · 1 month ago

Reinsurance Claims Analyst

NJ-Parsippany

Full-time

Onsite

Mid Level

$86K/yr - $108K/yr

3+ years exp

American International Group, Inc. (AIG) is a global leader in commercial and personal insurance solutions, and they are seeking a Reinsurance Claims Analyst. The role involves reviewing and approving Major Loss Reports, analyzing reinsurance treaty contracts, and providing recommendations for process improvements.

BankingFinancial ServicesInsurance

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

Qualification

Reinsurance experienceExcel proficiencyAnalytical skillsAccounting fundamentalsReinsurance conceptsTreaty arrangementsCommunication skillsInterpersonal skillsOrganization skillsTime management

Required

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

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

Benefits

A range of competitive benefits

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