Allied World · 1 month ago
Reinsurance Claims Analyst
US-NJ-Iselin
Full-time
Onsite
Mid Level
$70K/yr - $80K/yrAllied World is a global provider of insurance and reinsurance solutions, supporting clients with thoughtful service since 2001. They are seeking a Reinsurance Claims Analyst responsible for analyzing, investigating, negotiating, and settling reinsurance claims within granted authority levels, as well as preparing reports and assisting with administrative tasks.
FinanceFinancial ServicesInsurance
Responsibilities
Analyze claim notices for proper attachment to reinsuring agreements and years of account
Identify and evaluate notices for potential exposure to the company’s financial interest. Prepare claim correspondence to brokers and ceding companies on questions of
Investigate, follow-up, and otherwise monitor the development of claims. Establish and authorize adequate reserve amounts based on evaluation of liability, damages and other obligations set forth in the reinsuring agreements
Negotiate settlements and compromise payments within specified authority with authorization and under supervision of VP Reinsurance Claims Set-up and authorize claim payments within specified authority
Liaise with underwriters, legal counsel and outside vendors on coverage, liability, damages and settlement issues when assigned
Prepare claim and statistical reports on both ceded and assumed business when requested by SVP or VP Reinsurance Claims
Prepare and present case evaluations to claims, underwriting and corporate management
Coordinate strategies for resolving coverage disputes
Assist in projects and reports as required
When assigned to ceded reinsurance business, create reporting and billing files for direct claims
Prepare and present reports and invoices to reinsurers of the company
Participate as requested in settlement and collection of disputed collections of ceded reinsurance balances from the company’s reinsurers
Maintain the system for identifying, billing, and collecting outward reinsurance claims on all lines of direct business when assigned to the ceded reinsurance administration area
Perform claim reviews of assumed reinsurance accounts as requested, remotely or on-site
Qualification
Required
Responsible for the analysis, investigation, negotiation, compromise and settlement of assumed reinsurance claims within granted authority level
Responsible for assigned claim reviews, special reports, and assisting with routine department administrative tasks as assigned
Analyze claim notices for proper attachment to reinsuring agreements and years of account
Identify and evaluate notices for potential exposure to the company's financial interest
Prepare claim correspondence to brokers and ceding companies on questions of claims
Investigate, follow-up, and otherwise monitor the development of claims
Establish and authorize adequate reserve amounts based on evaluation of liability, damages and other obligations set forth in the reinsuring agreements
Negotiate settlements and compromise payments within specified authority with authorization and under supervision of VP Reinsurance Claims
Set-up and authorize claim payments within specified authority
Liaise with underwriters, legal counsel and outside vendors on coverage, liability, damages and settlement issues when assigned
Prepare claim and statistical reports on both ceded and assumed business when requested by SVP or VP Reinsurance Claims
Prepare and present case evaluations to claims, underwriting and corporate management
Coordinate strategies for resolving coverage disputes
Assist in projects and reports as required
When assigned to ceded reinsurance business, create reporting and billing files for direct claims
Prepare and present reports and invoices to reinsurers of the company
Participate as requested in settlement and collection of disputed collections of ceded reinsurance balances from the company's reinsurers
Maintain the system for identifying, billing, and collecting outward reinsurance claims on all lines of direct business when assigned to the ceded reinsurance administration area
Perform claim reviews of assumed reinsurance accounts as requested, remotely or on-site
Benefits
Health, Dental and Disability Insurance
Company match 401k plan
Group Term Life Insurance
Company
Allied World
About Allied World Allied World Assurance Company Holdings, Ltd, through its subsidiaries, is a global provider of insurance and reinsurance solutions.
Founded in 2001
1001-5000 employees
Funding
Current Stage
Public CompanyTotal Funding
unknown2017-07-07Acquired
2006-07-12IPO
Leadership Team
Denise Choy
VP, Asia Pacific Professional Lines Division at Allied World
Erin Ringbloom
Vice President
Recent News
2025-06-26
2024-02-18
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