Senior Ceded Reinsurance Specialist

Profile

Senior Ceded Reinsurance Specialist

The candidate will under minimal supervision, the Senior Ceded Reinsurance Specialist is responsible for end-to-end reinsurance processes, including, contract set up, notifications, billing, queries, and collection of ceded recoverables arising from complex direct claims, including multi-year injury claims. Research & identification of reinsurance (Treaty & Facultative) for direct claims and assist in contract set up and maintenance. Develop and send initial notices and updates to intermediaries/reinsurers with appropriate information. Review open accounting balances, cash, reserves and funds held. Calculate and prepare billings and record financials in accounting system in a timely, accurate and efficient manner. Research and respond to reinsurer queries, working with direct claims where necessary. Pursue and collect outstanding reinsurer recoverables for assigned treaty and facultative balances through reconciliation, collection, settlement, off set or other mean. Independently and proactively research and resolve historic open balance transactions and accounting discrepancies with reinsurers and brokers. Escalate disputed reinsurance recoverables and assist Inside Counsel with resolution strategies. Lead initiatives to improve relationships with reinsurance market. Maintain diary system resulting in continuous targeted collection efforts on aged balances. Assist in the application of cash and clear open ledger balances. Assist in facilitating internal and external party audits. Lead department initiatives to improve protocols and processes for timely and efficient billing, collection and clearing of aged balances. Mentor and train new employees. Conduct all responsibilities consistent with established protocols and processes adhering to established internal controls. Support to reinsurance counsel on pending arbitration and litigation as necessary. Support commutations, novations, consolidations, acquisitions and migrations as needed. Support Unit Manager in management reporting. Support Schedule F mitigation projects & initiatives. Support training of department personnel. Four year college degree is required. Law degree is preferred. Should have 8+ years of experience in reinsurance processes/collections.

Company info

RiverStone
250 Commercial Street, Suite 5000
Manchester
New Hampshire
United States 03101
Website : https://www.trg.com