Position Overview: To manage complex and high-dollar reinsurance multiline claims (Liability, Workers’ Compensation and Property) within multiple jurisdictions. Monitor the claims handling performance of members and third-party administrators.
ESSENTIAL FUNCTIONS and RESPONSIBILITIES
Claims Management:
· Perform timely and accurate processing of multi-line claims in multiple jurisdictions.
· Adhere to best practices for reinsurance claims handling.
· Conduct coverage verification and complete complex coverage forms.
· Monitor the performance of members and third parties and take appropriate action as required.
· Make accurate and timely payments.
· Estimate loss reserves for reinsurance claims.
· Monitor reserve adequacy and update as needed based on claim developments.
· Obtain reinsurance recoveries where applicable.
· Maintain detailed records of claims, including relevant documentation, correspondence, and settlement details.
Assessment:
· Review and analyze reinsurance claims submitted by ceding companies. Evaluate coverage, policy terms, and loss details to determine validity and compliance with reinsurance agreements.
· Review and analyze contracts and related claim documents.
· Participate in audits of claims processes and procedures. Identify areas for improvement and adhere to best practices.
Collaboration:
· Work closely with cross-functional teams, including Members, the CRL board, underwriting, legal, actuarial, and finance, to ensure seamless claims resolution.
· Work directly with CRL members on claim-related issues and manage escalations.
· Collaborate with underwriters to assess potential exposures and mitigate risks.
Compliance:
· Ensure compliance with regulatory requirements, industry guidelines, and internal policies.
· Stay informed about industry developments and adjust processes accordingly.
ADDITIONAL FUNCTIONS and RESPONSIBILITIES
· Performs other duties as assigned.
· Travels as required.
QUALIFICATIONS
Education & Licensing
Bachelor's degree preferred. Associate in Risk Management (ARM) and/or other risk management designations preferred.
Experience
· Seven (7) plus years of property/casualty and/or workers' compensation experience or equivalent combination of education and experience required Two (2) years plus of managing complex claims required.
· Knowledge of reinsurance principles and practices preferred.
· Experience with manuscript coverage preferred.
· Experience with public entity pools is preferred.
· Riskonnect experience preferred.
· Litigation experience preferred.
Skills & Knowledge
· Understanding of the rating methodology of workers’ compensation, property, and liability insurance coverage(s). Ability to reason, solve practical problems, and interpret a variety of information and instructions.
· Ability to reason, solve practical problems, and interpret a variety of information and instructions.
· Analytical and interpretive skills with strong attention to detail.
· Excellent oral and written communication skills, including presentation skills.
· Proficiency in working effectively in a team environment, when working independently and when working offsite or remotely.
· Proficiency in Microsoft Office applications, including Word and Excel, and claims management systems.
· Excellent negotiation and communication abilities.
· Ability to meet or exceed Performance Competencies.
· Ability to develop and maintain effective working relationships with all levels of the organization, members and third parties.
· Proficiency in working effectively in a team environment, when working independently and when working offsite or remotely.
WORK ENVIRONMENT
When applicable and appropriate, consideration will be given to a reasonable accommodation.
Mental: Clear and conceptual thinking ability; excellent judgment, troubleshooting,