Description

Scope of Duties

The Reinsurance Collections Analyst II, is responsible for all aspects of collecting outstanding monies due from reinsurers on complex, long-tail reinsurance claims. The position reports to a VP Ceded Reinsurance or an AVP Ceded Reinsurance.

Job Responsibilities

• Appropriate and timely collection of outstanding ceded reinsurance balances
• Assist with the identification of outstanding ceded reinsurance balances on assigned markets to support and facilitate timely collections
• Analysis of outstanding ceded reinsurance balances on assigned markets to ensure accuracy of balances
• Ensure the accuracy of related financial records and adherence to internal controls
• Develop and present to management strategies for resolution of disputed ceded reinsurance balances through dispute management process
• Identity and communicate to management any market issues and trends
• Maintain rigid diary system resulting in continuous targeted collections efforts on aged balances
• Identify and explain those balances for which mark-offs are appropriate
• Conduct regular market meetings to foster and improve market relationships to facilitate timely collections of outstanding balances
• Seek authority where appropriate to negotiate and resolve disputed balances
• Prepare and maintain reports to management on status of collections of outstanding ceded reinsurance balances
• Communicate regularly with Accounting Team to ensure accurate and timely application of cash received and reconcile any payment discrepancies

QUALIFICATIONS

Minimum

ABOUT US

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.