Reinsurance Claim Specialist

Reporting to a Manager, Ceded Claims, Reinsurance Services, this position is responsible for the day to day reinsurance claim operations in North America.  The ceded reinsurance billings are primarily proof billed but validation of all claims is required.  Timely billings and collections of loss balances are a key element of the work.  Provide accurate and complete billing packages; respond to reinsure and broker queries, resolve disputed claims and provide recommendations on compromised claims with a view to maximizes cash flow.  The department provides business units and other constituencies with reliable and cost effective processing and reporting services.

Key Responsibilities:

• Ensure claims are reported timely and in accordance with the reinsurance contract terms

• Verify billings are completed timely and accurately

• Track, Monitor and Collect open ceded loss recoverable balances

• Report accurate status of billings and collections as required

• Manage SOX functions and audit testing (Internal/External)

• Support Chubb business units and interact with brokers/reinsurers

• Proactively identify issues and recommend  effective solutions

• Provide assistance with the monthly close process

Chubb is a world leader in insurance. With operations in 54 countries, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance, and life insurance to a diverse group of clients. The company is distinguished by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength, underwriting excellence, superior claims handling expertise and local operations globally.

At Chubb, we are committed to equal employment opportunity and compliance with all laws and regulations pertaining to it. Our policy is to provide employment, training, compensation, promotion, and other conditions or opportunities of employment, without regard to race, color, religious creed, sex, gender, gender identity, gender expression, sexual orientation, marital status, national origin, ancestry, mental and physical disability, medical condition, genetic information, military and veteran status, age, and pregnancy or any other characteristic protected by law. Performance and qualifications are the only basis upon which we hire, assign, promote, compensate, develop and retain employees. Chubb prohibits all unlawful discrimination, harassment and retaliation against any individual who reports discrimination or harassment.

Strong writing and verbal communication skills

Excel skills

Strong aptitude for math

Proficient in all Microsoft applications (Word, Access, PowerPoint, etc.)

Ability to collaborate with other units within the department, the company and reinsurance partners