AIG
Overview
Reinsurance Specialist This role is responsible for managing reinsurance claims and collections within Reinsurance Finance and reports to the Head of Reinsurance Claims and Collections. The individual should have solid claim and ceded reinsurance experience for all insurance lines. The candidate should also possess claim and ceded reinsurance experience managing, collecting and reporting on environmental, toxic tort, sexual molestation, and various other latency injury type claims. Responsibilities
Manage ceded reinsurance claims associated with unique reinsurance placements related to all reinsurance types for legacy and current business including captive programs. Monitor the sub-ledger and various reports to ensure claim and account queries from internal/external customers are promptly and properly addressed. Develop and maintain strong working relationships with reinsurers, brokers, intercompany departments, and vendors to resolve claim and collection concerns related to all lines of business. Investigate/research requests or questions from internal/external customers. Prioritize and collaborate with colleagues on various projects and initiatives. Provide guidance and recommendations on process improvements and transformation initiatives. Work with analytical teams (Actuarial, Accounting, IAG, etc.) to provide critical financial and claim data. Assist with the analysis, review and resolution of aged receivables impacting Schedule F and bad debt. Work with Reinsurance Finance staff and Collections management teams to conduct research into reinsurance recoverables and contribute towards completion of periodic reporting. Drive and enhance the collection of reinsurance recoverables. Participate and manage underwriting, financial and claim related audits. Required Skills
5+ years of reinsurance/insurance experience in ceded reinsurance collections and claims. Proven leadership skills. In-depth knowledge of loss allocations across multiple underwriting years and the application of claims to reinsurance that includes AP&H claims. Must be able to prioritize and manage multiple assignments or projects simultaneously and within established timelines. Strong understanding of reinsurance and insurance concepts for all reinsurance types. Proficient with information technology, particularly Microsoft Office (Word, Excel, PowerPoint). Strong interpersonal and team-oriented skills. Excellent organization and time management skills. Strong analytical skills to quickly identify, gather, and assess information. Ability to collaborate effectively with all levels of management and intercompany departments. Understanding of general accounting fundamentals and ability to reconcile complex reinsurance transactions. Compensation and Benefits
For positions based in New Jersey, the base salary range is $81,000-$100,000 and the position is eligible for a bonus in accordance with the terms of the applicable incentive plan. AIG offers a range of competitive benefits, a summary of which can be viewed in the US Benefits Overview. Culture and Equal Opportunity
Welcome to a culture of belonging. We’re committed to creating a culture that truly respects and celebrates each other’s talents, backgrounds, cultures, opinions and goals. We foster inclusion and belonging through flexible work arrangements, diversity and inclusion learning, cultural awareness activities and Employee Resource Groups (ERGs). The diversity of our people is one of AIG’s greatest assets, and our drive for positive change has been recognized by numerous awards and accreditations. AIG provides equal opportunity to all qualified individuals regardless of race, color, religion, age, gender, gender expression, national origin, veteran status, disability, or any other legally protected categories. AIG is committed to providing reasonable accommodations to job applicants and employees with disabilities. If you believe you need a reasonable accommodation, please email candidatecare@aig.com. We value in-person collaboration as a vital part of our culture, and we ask team members to be primarily in the office to support effective teamwork. About the Employer
American International Group, Inc. (AIG) is a global leader in commercial and personal insurance solutions; we are a wide-reaching property casualty network. We invest in our people through continuous learning and development in a culture that celebrates everyone for who they are and what they want to become.
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Reinsurance Specialist This role is responsible for managing reinsurance claims and collections within Reinsurance Finance and reports to the Head of Reinsurance Claims and Collections. The individual should have solid claim and ceded reinsurance experience for all insurance lines. The candidate should also possess claim and ceded reinsurance experience managing, collecting and reporting on environmental, toxic tort, sexual molestation, and various other latency injury type claims. Responsibilities
Manage ceded reinsurance claims associated with unique reinsurance placements related to all reinsurance types for legacy and current business including captive programs. Monitor the sub-ledger and various reports to ensure claim and account queries from internal/external customers are promptly and properly addressed. Develop and maintain strong working relationships with reinsurers, brokers, intercompany departments, and vendors to resolve claim and collection concerns related to all lines of business. Investigate/research requests or questions from internal/external customers. Prioritize and collaborate with colleagues on various projects and initiatives. Provide guidance and recommendations on process improvements and transformation initiatives. Work with analytical teams (Actuarial, Accounting, IAG, etc.) to provide critical financial and claim data. Assist with the analysis, review and resolution of aged receivables impacting Schedule F and bad debt. Work with Reinsurance Finance staff and Collections management teams to conduct research into reinsurance recoverables and contribute towards completion of periodic reporting. Drive and enhance the collection of reinsurance recoverables. Participate and manage underwriting, financial and claim related audits. Required Skills
5+ years of reinsurance/insurance experience in ceded reinsurance collections and claims. Proven leadership skills. In-depth knowledge of loss allocations across multiple underwriting years and the application of claims to reinsurance that includes AP&H claims. Must be able to prioritize and manage multiple assignments or projects simultaneously and within established timelines. Strong understanding of reinsurance and insurance concepts for all reinsurance types. Proficient with information technology, particularly Microsoft Office (Word, Excel, PowerPoint). Strong interpersonal and team-oriented skills. Excellent organization and time management skills. Strong analytical skills to quickly identify, gather, and assess information. Ability to collaborate effectively with all levels of management and intercompany departments. Understanding of general accounting fundamentals and ability to reconcile complex reinsurance transactions. Compensation and Benefits
For positions based in New Jersey, the base salary range is $81,000-$100,000 and the position is eligible for a bonus in accordance with the terms of the applicable incentive plan. AIG offers a range of competitive benefits, a summary of which can be viewed in the US Benefits Overview. Culture and Equal Opportunity
Welcome to a culture of belonging. We’re committed to creating a culture that truly respects and celebrates each other’s talents, backgrounds, cultures, opinions and goals. We foster inclusion and belonging through flexible work arrangements, diversity and inclusion learning, cultural awareness activities and Employee Resource Groups (ERGs). The diversity of our people is one of AIG’s greatest assets, and our drive for positive change has been recognized by numerous awards and accreditations. AIG provides equal opportunity to all qualified individuals regardless of race, color, religion, age, gender, gender expression, national origin, veteran status, disability, or any other legally protected categories. AIG is committed to providing reasonable accommodations to job applicants and employees with disabilities. If you believe you need a reasonable accommodation, please email candidatecare@aig.com. We value in-person collaboration as a vital part of our culture, and we ask team members to be primarily in the office to support effective teamwork. About the Employer
American International Group, Inc. (AIG) is a global leader in commercial and personal insurance solutions; we are a wide-reaching property casualty network. We invest in our people through continuous learning and development in a culture that celebrates everyone for who they are and what they want to become.
#J-18808-Ljbffr